new law about 40000 prize bond Prize Bonds - 40000PremiumPrize bondprofit rate The State Bank of Pakistan has banned the sale of old Rs40,000 Prize Bonds Understanding the New Law About 40,000 Prize Bonds in Pakistan

25000 Premiumprize bonddraw result today The financial landscape in Pakistan has seen significant shifts concerning Prize Bonds, particularly the 40,000 denomination. Recent legislative actions and policy changes, spearheaded by government directives and implemented by the State Bank of Pakistan (SBP), have introduced new regulations impacting the sale, encashment, and legal standing of these instruments.State Bank will announce registration of Rs 40000 prize ... This article delves into the specifics of the new law about 40,000 prize bond, providing a comprehensive overview for investors and curious individuals alike.

The Evolution of 40,000 Prize Bonds

The 40,000 Prize Bond has been a part of Pakistan's savings landscape for a considerable period. Initially, these bonds, particularly the bearer versions, were popular for their potential to yield substantial returns through draws. However, concerns about their potential misuse in money laundering and the whitening of black money led to a re-evaluation of their status.Govt May Give One Last Chance to Redeem Discontinued ...

In an effort to curb illicit financial activities, the government decided to ban Rs 40,000 denomination prize bonds. This pivotal decision marked a significant turning point. The State Bank of Pakistan has banned the sale of old Rs 40,000 Prize Bonds effective from June 25, 2019.- (1) These rules shall be called the PremiumPrize Bond(Registered) Rules, 2017. (2). These rules shall be applicable to the premiumprize bonds. (registered) ... This was a direct measure to phase out older, unregistered bearer bonds from circulation.

Premium Prize Bonds and Registration

Following the ban on bearer bonds, the focus shifted towards registered and more transparent financial instruments. The Premium Prize Bond (Registered) Scheme emerged as a key alternative. These premium prize bonds are registered in the name of the investor, offering enhanced security and traceability. The Premium Prize Bond Rs. 40,000 is available under this scheme, offering a more regulated investment avenue.

Under the Premium Prize Bonds (Registered) Rules, 2017, these bonds are designed to provide a secure and trackable investment option. Unlike their bearer counterparts, these registered bonds ensure that prize bond winnings and accrued profits are directly linked to the rightful owner. The existence of Digital Prize Bonds (Registered) Rule, 2024 further signifies the move towards a more digitized and secure financial system for these instruments.

Draw Information and Prize Money

For those holding or interested in the Premium Prize Bond Rs– In case of death of abond'sholder, payment of principal amount, profit andprizemoney, if any, in respect ofbondof the deceased shall be payable to his.. 40,000, understanding the draw schedule and prize structure is crucial. The 40,000 premium prize bond draw result today can be found through official announcements from the SBP or National Savings Centers佛历2563年12月10日—The bearerbondsof Rs40,000 was to be completely discontinued forlegaltender by March 2020. However, it is extended up to December 30, 2021.. These draws occur periodically, offering substantial rewards.Law and Justice Commission of Pakistan For instance, the draw for the Rs40,000 premium prize bond (Draw No. 32) held on March 10, 2025, saw bond number 302855 secure the first prize of Rs80 millionRs40,000 prize bond draw announced, first prize winner .... The Prize Money claims up to Rs. 500,000 are handled under specific directives from the SBP. The highest prize for the Rs40,000 denomination can reach up to Rs 80,000,000, with a second prize of Rs 3 Crore and a third prize of Rs 5 Lacs.

It is important to note that the premium prize bonds and the profits earned from them are exempt from Zakat. However, withholding tax will apply to both prizes and profits, as per government policy.

Encashment and Redemption Deadlines

A critical aspect of the new regulations relates to the redemption of discontinued prize bonds. The SBP had set a deadline for the encashment of National Prize Bonds of Rs. 40,000, Rs佛历2563年12月10日—The bearerbondsof Rs40,000 was to be completely discontinued forlegaltender by March 2020. However, it is extended up to December 30, 2021.. 25,000, RsPremium Prize Bond Rs. 40,000. First Prize Rs. 8 Crore Second Prize Rs. 3 Crore Third Prize Rs. 5 Lacs Biannual Profit Bigger Win, Brighter .... 15,000, and Rs. 7,500.Sale ofprize bondsby unauthorized entity or sale of documents resemblingprize bondshas been prohibited under Section 489G of Pakistan Penal Code 1860 ( ... The initial deadline for returning these bonds was December 31, 2024, with multiple extensions granted since 2021SBP-set December 31 deadline approaches for National .... The bearer bonds of Rs 40,000 was to be completely discontinued for legal tender by March 2020, but this was extended up to December 30, 2021.Are Prize Bonds winnings or Ireland State Savings products subject to ...

The government may provide one last chance to redeem discontinued bonds, giving investors an initial six-month period, followed by multiple extensions. This implies that holders of old 40000 prize bonds need to stay updated on any further announcements regarding redemption opportunitiesPremium Prize Bond. The bond can be redeemed at any authorized bank or National Savings Centre.

Legal Framework and Regulations

The sale of Prize Bonds, including the 40,000 prize bonds, is regulated through statutory rules and orders promulgated by the Federal Government. Laws and rules pertaining to these instruments are established to ensure compliance and transparency. Section 489G of the Pakistan Penal Code 1860 prohibits the sale of prize bonds by unauthorized entities or the sale of documents resembling prize bondsNational Savings Announces Rs. 750 Prize Bond Results for January 2026. This legal provision underscores the authority of the government and the SBP in managing these financial products.

In cases of death of a bond's holder, payment of the principal amount, profit, and prize money, if any, in respect of the deceased's bond shall be payable to his legal heirs. This provision ensures that the value of the investment is passed on to the rightful beneficiaries according to the legal framework.

Key Takeaways

The new regulations surrounding the 40,000 prize bond signify a broader effort to enhance financial transparency and security in PakistanLaws& Rules · KYC Form and Templates · UNSC/NACTA List · Departmental Receipts ... PremiumPrize BondRs.40,000. 2025. 10-03-2025 · 10-06-2025 · 10-09-2025 · 10 .... Key points to remember include:

* The sale of old 40000 Prize Bonds (bearer) has been banned.

* The Premium Prize Bond (Registered) scheme offers a secure, trackable alternative.

* Investors should be aware of draw schedules and prize structures for Premium Prize Bond Rs. 40,000.Premium Prize Bonds (Registered) Scheme-Rules

* Strict deadlines apply for the redemption of discontinued prize bonds, though extensions have been provided.佛历2568年6月11日—Rs40,000PremiumPrize Bondis part of the “registered” category of bonds introduced to offer a more secure and trackable investment option.

* All transactions and holdings are