As if you have been thinking about changing your whole lifestyle with less investment, then heading your way to the Prize Bonds roadway is the best option for you. Some of the people are so much luck in their fortunate that they only purchase the bonds once and get a lifetime chance to make handsome money in just a few days. If you feel that you are not lucky enough after so many efforts, you can instantly return the bond to the authorized banks or visit National Savings centers. Every year, it is the National Savings that issues the schedule of the bonds, which is happening this year.

What is Prize bond Schedule 2020?

As regard Prize bond Schedule 2020, it is included with the date of the draw, name of the cities along with the value of the bond. Deals of the bond are also known as denominations divided into different categories such as 100, 200, 750, 7500, 7500, 15,000, 25,000, and 40,000. The draws of the Prize bond are arranged in major cities of Pakistan in which we have Lahore, Faisalabad, Quetta, Karachi, Hyderabad, and Peshawar.

As soon as the announcement of the Prize Bonds draw has been made, you can check out the Prize bond list of the winners by visiting the main official website. You can even check out the Prize Bonds list through the National Savings official website or even through the newspapers. As you have purchased the bond for the first time, you will be left with the chance to try your luck four times in one year. The whole process of the lucky draw is arranged four times in one year.

What do you need to know About Prize Bond?

Now let's have a small discussion about what Prize bond is all about. This bond is a piece of short legal paper that was issued for the first time in 1960 by the State Bank of Pakistan. SBP had even ensured that any person who has purchased the bond could even exchange the bond in the form of currency at any time of the year.

The whole process of the lucky draw is carried under the supervision of the national savings department. According to the 1999 Prize bond policy, the task of selling the bonds is just under the legal rights of authorized commercial banks, the National Savings center, and State Bank of Pakistan. But still, the business of selling the bonds online is running quite a lot in Pakistan. These bonds are somehow completely interest-free, and the lucky draw process is arranged after every three months.

What are the fundamental values of the Prize bond?

Values of the Prize Bonds are also known as denominations, divided into different categories such as 100, 200, 750, 7500, 7500, 15,000, 25,000, and 40,000. The draw's process is arranged every month under the committee, which is supervised by the four members along with the chairman. These four members are part of the Central Directorate department of National Savings. The draws of the Prize bond are arranged in major cities of Pakistan in which we have Lahore, Faisalabad, Quetta, Karachi, Hyderabad, and Peshawar.

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