Karachi: For the convenience of the public, the federal government has extended the date till June 30, 2023 by providing another opportunity to exchange/cash prize bonds worth Rs.7,500, Rs.15,000, Rs.25,000 and Rs.40,000. .
Earlier, the government had fixed the date of June 30, 2022 for cashing these prize bonds, however, the date has been extended to June 30, 2023, giving a last chance to those who have not exchanged these prize bonds within the stipulated period. is given
Investors of the said Prize Bonds are given the following options for cashing or exchanging them:
A. Cashing in at face value.
b. Conversion of these bonds into premium prize bonds (registered) of Rs.25,000 and/or Rs.40,000.
C. Converting them into Special Savings Certificates or Defense Savings Certificates.
These prize bonds can be redeemed at SBP Banking Services Corporation offices and commercial bank branches across the country till June 30, 2023.
In this regard, the State Bank has issued necessary instructions to the commercial banks regarding accepting applications for cashing or exchanging the prize bonds till the extended date.
State Bank said bondholders are encouraged to take advantage of this last chance and convert their holdings before June 30, 2023.
According to the central bank, after the expiry of the extended deadline, the said prize bonds will not be cashable or exchangeable and will not be redeemable.
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