Aug 16, 2011

About Prize bond Scheme Offer by Govt. of Pakistan

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Prize Bonds is investment and  are bearer type of security available in the denominations of Rs.200, Rs.750, Rs.1,500, Rs.7,500, Rs.15,000 and Rs.40,000. These prize bonds are issued in series. Each prize bonds series consist of one less than 1,000,000 bonds. No fixed return is paid but prize draws are held on quarterly basis. The prize bonds draws are held under common draw method and the number of prizes are same for each series. It means that if 50 series of Rs.200 Prize Bond are in circulation. Then on each draw we have 50 winners of 1st prize and 150 winners of 2nd Prize and so on.
Prize Bond’s Scheme is the only lawful source for poor and middle class people  investment opportunities to become rich overnight and making their dreams come true Prize bond offers investment options and it is far better then forex investment but this scheme has been ignored awfully, Recently, profit rates on five saving schemes namely Defense Saving Schemes – DSS, Regular Income Certificates – RIC, Behbood Saving Certificates – BSC, Savings Accounts – SA and Special Saving Certificates – SSC have been increased by 8 to 50 basis points but Prize Bond Scheme was not given consideration at all. Tragically, the increase of profit rates on these mentioned schemes will not lessen dues burden of Rs. 150 billion or more on account of Defense Saving Certificates maturing in the near future. Prize Bonds’ Scheme is the only rescuer in this regard, provided and they are like baby formula.The following suggestions are duly implemented.Here is some detail of prizes for you The new increased and revised prizes on each prize bond are described below:

First Prize
2nd Prize
3rd Prize
Denomination
No of Prizes
Winning
Amount (Rs)
No of Prizes
Winning
Amount (Rs)
No of Prizes
Winning
Amount (Rs)
Prize Bond RS. 200/-
01
750,000
05
250,000
2,394
 1,250
Prize Bond RS. 750/-
01
 1,500,000
03
 500,000
1,696
 9,300
Prize Bond RS. 1,500/-
01
 3,000,000
03
1,000,000
1,696
 18,500
Prize Bond RS. 7,500/-
01
15,000,000
03
5,000,000
1,696
93,000
Prize Bond RS. 15,000/-
01
30,000,000
03
 10,000,000
1,696
185,000
Prize Bond RS. 40,000/-
01
75,000,000
03
25,000,000
1,696
500,000

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