prize bond banks in pakistan State Bank of Pakistan (BSC - State Bank ofPakistan Bank AL Habib Unveiling the Prize Bond Banks in Pakistan: Your Comprehensive Guide

State Bank ofPakistan Navigating the world of Prize Bonds in Pakistan can be a rewarding experience, but it also requires understanding where and how to purchase and redeem themRs1,500 prize bond draw: bond No. 429148 wins Rs3m .... The State Bank of Pakistan (SBP), along with authorized commercial banks and National Savings Centers, are key players in this financial landscape.Sr. No. Branch Code. Branch Name. Nearest SBP Office. 1. 0001. Karachi Main Branch. SBP Main I.I. Chundrigar Road, Karachi. 2. 0025. Marriot Road Karachi. SBP Karachi. 3. 0042. Nursery Karachi. SBP Main I.I. Chundrigar Road, Karachi. 4. 0055. North Nazimabad Karachi. SBP BSC North Nazimabad Karachi. This guide will delve into the specifics of prize bond banks in Pakistan, covering everything from purchasing premium prize bonds to claiming your winnings.

Where to Purchase and Redeem Prize Bonds

The State Bank of Pakistan (SBP) acts as the central authority for prize bonds, and its State Bank of Pakistan (BSC) offices are designated locations for various transactions. However, for wider accessibility, the SBP has authorized a network of commercial banks to facilitate the sale and encashment of prize bonds. This includes major institutions such as National Bank of Pakistan (NBP), Habib Bank Limited (HBL), United Bank Limited (UBL), MCB Bank, Allied Bank, and Bank AL HabibPrize Bonds. You can also find these services at National Savings CentersPrize Bonds.

For the Premium Prize Bond (Registered) scheme, initiated by the Central Directorate of National Savings (CDNS), a specific list of authorized branches across Pakistan handles the issuanceBankIslami Pakistan Limited – Saving Humanity from Riba. The Bank of Khyber and Bank Islami Pakistan Limited are among the banks that have been authorized to increase the outreach of this scheme, utilizing their extensive branch networksIssuance of Premium Prize Bonds.

It's important to note that while e Bonds can be purchased/encashed from any SBP-BSC office, designated commercial bank branches, and National Savings Centers, the specifics of which prize bond banks handle which denominations or schemes can vary. For immediate reference, numerous PDF documents provide a Premium Prize Bond Branch List, detailing designated branches in major citiesYou can purchase Prize Bonds by visiting any local bank, National Savings or State Bank officesacross Pakistan to purchase the bonds. Q. What if my bonds are ....

Application and Transaction Processes

The process of purchasing or redeeming prize bonds typically involves an application. You can find an Application for Purchase/Encashment of National Prize Bond form, available in both English and Urdu. This form is crucial for initiating transactions such as purchasing bonds, encashing the face value of mutilated/defaced prize bonds, or claiming prize money.

For prize money claims, the State Bank of Pakistan has laid down directives. Claims up to PKR 500,000/- for winning National Prize Bonds are accepted at designated Allied Bank branches for ABL account holders, and similar facilities are available for customers of other authorized banks. For larger amounts or face value claims, SBP offices and certain authorized bank branches are the designated points of contact.

Understanding Different Types of Prize Bonds

Pakistan offers various denominations and types of prize bonds. While older denominations like Rs1,500 prize bond and Rs750 Prize Bond continue to be popular and have regular draws, new schemes are also introduced. For instance, the Premium Prize Bond (Registered) scheme offers a registered alternative to traditional bearer bonds, providing enhanced security features. It's also worth noting that certain new National Prize Bonds of Rs25,000/- denomination shall not be sold with immediate effect, as per directives from 2020.

Claiming Your Winnings

Winning a prize bond is an exciting prospectPremiumPrize BondsList of Authorized Branches Forms - Free download as PDF File (.pdf), Text File (.txt) or read online for free. This document lists 10 designated branches for processing premiumprize bondsacross major cities inPakistan. It also provides the application forms and instructions for purchasing .... Winners can claim their prize money at SBP-BSC field offices, designated commercial bank branches, and National Savings Centers. The process generally involves submitting the winning bond along with the necessary claim form and identificationPayment of NationalPrize Bonds. Please note that Claim of Payment of Prize Money up to Rs. 500,000/- & Face Value of NationalPrize Bondsthrough StateBankofPakistanare accepted here. For further queries/information, kindly contact the Branch Manager/Customer Service Desk. Download claim form 1.. It's advisable to check the specific requirements and procedures with the dispensing bank or State Bank of Pakistan office to ensure a smooth claim process2020年12月9日—New NationalPrize Bondsof Rs.25,000/- denomination shall not be sold with immediate effect. The existing bond holder(s) shall have the ....

Key Entities and LSI Terms

When discussing prize bond banks in Pakistan, several key entities and related terms emerge:

* Prize Bond Banks in Pakistan: This is the core search query, encompassing all financial institutions authorized to deal in prize bonds.

* State Bank of Pakistan (SBP): The central bank, overseeing the entire prize bond system. This includes its SBP-Banking Services Corporation (SBP-BSC).StateBankofPakistan. SBPBankingServices Corporation. Authorized CommercialBanksto Deal in PremiumPrize Bonds(Registered). S No.BankName. Branches. 1. NationalBankofPakistan. All Conventional Branches. 2. HabibBankLimited. All Conventional Branches. 3. UnitedBankLimited. All Conventional Branches. 4.

* National Savings: The broader agency responsible for various savings schemes, including prize bonds.

* Premium Prize Bond (Registered): A specific type of prize bond offering registration.

* Commercial Banks: Institutions like NBP, HBL, UBL, MCB, ABL, Bank AL Habib, Bank of Khyber, and BankIslami Pakistan Limited authorized to handle prize bonds.

* National Prize Bonds: The general category of government-issued prize bonds.

* Prize Money: The amount awarded to winning bondholdersRs1,500 prize bond draw: bond No. 429148 wins Rs3m ....

* Application for Purchase/Encashment of National Prize Bond: The official form required for transactions.

* Draws: The periodic events where winning numbers are announced for various denominations8天前—Winners can claim theirprizemoney at SBP BSC field offices, designated commercialbankbranches and National Savings Centres using the ....

* Pakistan: The geographical context for these financial instrumentsAs per SBP directives,Bank AL Habibcustomers can receive Prize Money claims up to PKR 500,000/- of all denomination National Prize Bonds & their Face Value ....

Understanding these elements is crucial for anyone looking to invest in or benefit from prize bonds in Pakistan. By engaging with authorized banks and understanding the procedures laid out by the State Bank of Pakistan, you can confidently participate in this rewarding savings avenue.