Islamabad, Pakistan – The federal government has announced that December 31, 2024, will be the final date for returning or exchanging National Prize Bonds of various denominations. This important update was shared by the State Bank of Pakistan (SBP), urging holders of these bonds to take immediate action before the deadline.
Last Date for Returning National Prize Bonds
The State Bank of Pakistan clarified that the deadline applies to National Prize Bonds of the following denominations: Rs. 40,000, Rs. 25,000, Rs. 15,000, and Rs. 7,500. Bondholders are advised to return or exchange their prize bonds by the specified date, ensuring they don’t miss the final opportunity.
How to Return or Exchange National Prize Bonds
To return or exchange National Prize Bonds, bondholders can visit any branch of commercial banks, the offices of the State Bank of Pakistan, or the Banking Services Corporation. It’s crucial to complete the process by December 31, 2024, as no applications will be accepted after this date.
Table: Important Details for Returning National Prize Bonds
| Denomination | Last Date for Return/Exchange | Location for Return/Exchange |
|---|---|---|
| Rs. 40,000 | December 31, 2024 | Commercial banks, SBP offices, Banking Services Corporation |
| Rs. 25,000 | December 31, 2024 | Commercial banks, SBP offices, Banking Services Corporation |
| Rs. 15,000 | December 31, 2024 | Commercial banks, SBP offices, Banking Services Corporation |
| Rs. 7,500 | December 31, 2024 | Commercial banks, SBP offices, Banking Services Corporation |
Conclusion
The State Bank of Pakistan emphasized that this deadline is final, and no extensions will be provided. All National Prize Bonds of the aforementioned denominations must be returned or exchanged by the end of the year to avoid forfeiting their value.
