prize bond cash in karachi Prize Bond - Prize BondSalein Karachi Shop # 14, Ruby Center, Opp Post Office Near Memon Masjid, Boultan Market Understanding Prize Bond Cash in Karachi: Your Comprehensive Guide

Prize BondSalein Karachi For many in Karachi, the allure of prize bond cash represents a tangible opportunity for financial gain. Whether you're looking to purchase these government-backed securities or are a lucky winner aiming to encash your prize bond, understanding the process and available options is crucial. This guide delves into the intricacies of obtaining and cashing prize bonds in Karachi, offering verified information to help you navigate the system effectively.

What are Prize Bonds?

Prize Bonds are government debt instruments issued by the State Bank of Pakistan (SBP). They offer individuals a chance to win significant prize money through regular draws7天前—KARACHI– The excitement is building at the National Savings Centre as the 53rd Rs.100Prize Bonddraw takes place today, 16 February 2026.. Unlike traditional investments, prize bonds do not typically offer a fixed rate of return but rather the potential for substantial winnings.Payment of Prize Money & Face Value of Prize Bondsthrough Bank AL Habib ... I.I Chundrigar Road, Karachi. Phone No: +92 324 12986Ext: 630. Direct: +92 21 ... They are available in various denominations, including popular ones like Rs. 100, Rs.Everything aboutPrize Bondin Pakistan. Latest 2026Prize BondDetails about Rs. 100, 200, 750, 1500, 7500, 15000, 25000, 40000 bonds.Prize BondList ... 200, Rs. 750, Rs. 1500, Rs. 7500, RsState Bank of Pakistan commenced the sale of Prize Bonds .... 15,000, Rs.Prize Bond Payment Branches 25,000, and Rs. 40,000Q16. What is the time period to claim prizemoneyon winningprize bond? Answer: Prizemoneycan be claimed within six years from date of the relevant draw..

Where to Buy Prize Bonds in Karachi

Prize bonds can legally be purchased only from authorized locations.Prize Bonds This is a vital piece of information to avoid falling prey to unauthorized dealers. In Karachi, you can acquire prize bonds from:

* Designated Branches of Commercial Banks: Many major banks have specific branches authorized to sell prize bondsPrize Bonds.

* National Savings Centers: These government-run centers are also primary points of saleList of Designated Branches for Prize Bond's ....

* State Bank of Pakistan (SBP) Branches: Certain SBP branches, such as the SBP Main I.I. Chundrigar Road, Karachi, are authorized to facilitate prize bond purchases.

For those seeking to buy prize bonds online, it's essential to ensure the platform is officially authorized to prevent fraudulent transactions.

Understanding Prize Bond Denominations and Types

While the term "prize bond" is often used generally, it's important to distinguish between different types, particularly the Premium Prize Bond (Registered) (PPB).

* Bearer Prize Bonds: These are the traditional prize bonds where ownership is not formally registered.پرائز بانڈز کے انعام کیش کروانےاور پرائز بانڈز سیل کروانے لیے رابطہ کرے. Call or WhatsApp : 03312560345 WhatsApp Link: https://wa.me/message/ ...

* Premium Prize Bond (Registered) (PPB): As the name suggests, these are registered in the investor's name. They offer quarterly prize money draws and bi-annual profit payments, providing a more regular avenue for financial returns alongside the chance of winning prizes.Premium Prize Bond These are primarily available in Rs. 25,000/- & Rs. 40,000/- Denomination.How to claim your prize bond money? Here is what you ...

Cashing Your Prize Bond in Karachi: Procedure and Locations

If you're holding a winning prize bond, the process to claim your prize money is straightforward, though it involves specific steps and authorized payout points.

For amounts up to Rs. 18,500:

* Cash Over the Counter: Prize amounts within this limit can typically be processed and paid in cash over the counter at designated branches of the State Bank of Pakistan and authorized dealers.How to buy prize bond in Pakistan

For amounts exceeding Rs. 18,500:

* Payment Order: For claims exceeding Rs. 18,500/-, payment is usually made by issuing a payment order.

* National Savings Centers and SBP Branches: You can encash your prize bond at any National Savings Center or State Bank of Pakistan branch. These institutions accept claims for prize money and the face value of the prize bonds.Prize Bonds For instance, the State Bank of Pakistan accepts claims for prize money up to Rs. 500,000/-.

Key Locations in Karachi for Prize Bond Transactions:

* SBP Main IPayment of Prize Money & Face Value of Prize Bondsthrough Bank AL Habib ... I.I Chundrigar Road, Karachi. Phone No: +92 324 12986Ext: 630. Direct: +92 21 ....I. Chundrigar Road, Karachi: This is a significant hub for prize bond-related transactions, including payments and claimsStudent Welfareprize bondhas launched on 16.11.2012. Old denomination Closed On 22.09.1999. Encashment allowed upto 30.06.2000 & Extended upto 31.12.2000..

* Bunder Road Branch, Karachi South: This branch is listed among the Prize Bond Payment Branches.

* Shabbir Hussain PRIZE BOND Dealer Bolden market karachi: For those seeking to buy or sell, it's worth noting that specific dealers operate in markets like Boultan Market, Karachi. Shop # 14, Ruby Center, Opp Post Office Near Memon Masjid, Boultan Market is a noted location for prize bond services.Please note that Claim of Payment of Prize Money up to Rs. 500,000/- & Face Value of National Prize Bonds through State Bank of Pakistan are accepted here. ...

Time Limits for Claiming Prize Money

It's crucial to be aware of the claim period for winning prize bonds. Prizemoney can generally be claimed within six years from the date of the relevant draw.Acceptance of prizemoneyclaims of NationalPrize Bondsup to Rs.500,000/- (prizemoney) · Know your Rights and Responsibilities as a Bank's Consumer · NBP ... Procrastination can lead to forfeiture of your winnings.

Tax Implications on Prize Bonds

The winnings from prize bonds are subject to tax deduction. The rates can vary:

* For Filers: The rate of tax is 15% of the prize value.

* For Non-Filers: The rate of tax is 35% of the prize value (as per some sources, though other sources indicate 30%).List of Designated Branches for Prize Bond's ... It's advisable to confirm the latest tax regulations at the time of encashment. This tax is typically deducted at source.National Savings Rs100 Prize Bond Draw #53 – 16 February ...

Important Considerations for Prize Bond Holders in Karachi

* Verification: Always ensure you are dealing with authorized entities to buy prize bond or encash prize bonds.Prize bonds tax deduction rate for filers

* Documentation: When claiming prize money, you will likely need to present your original prize bond along with a copy of your NIC (National Identity Card)Premium Prize Bond (Registered) (PPB) is a savings scheme by Central Directorate of National Savings (CDNS) governed under the “Premium Prize Bonds (Registered) ....

* Denominations: Be aware of the different prize bond denominations and their associated draw frequencies and prize structures.

* Loss or Theft: For lost or stolen prize bonds, reporting to the authorities and following the prescribed procedures is essentialPayment of National Prize Bonds | HABIBMETRO Bank.

Navigating the world of prize bond cash in Karachi requires attention to detail and knowledge of the official channels. By understanding where to buy, how to claim, and what tax implications apply, you can confidently engage with this popular investment and lottery system.