Islamabad, Feb 18: The National Savings held the Rs. 1,500 prize bond draw at its Multan center, with notable prizes awarded to winners. The grand prize of Rs. 3 million went to bond number 402432. The second prize of Rs. 1 million each was awarded to bond numbers 814653, 543452, and 764165. Additionally, the third prize of Rs. 18,500 was shared among 1,696 winners.
The upcoming Rs. 1,500 prize bond draws are scheduled to take place in Karachi on May 15, in Faisalabad on August 15, and in Rawalpindi on November 17. As per government regulations, tax on prize winnings is applied at 15% for tax filers and 30% for non-filers.
In January, the National Savings Division also released the full schedule for the 2025 prize bond draws, including both regular and premium bonds. This schedule highlights the dates for premium prize bond draws in Rs. 40,000 and Rs. 25,000 denominations.
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With these scheduled draws, the National Savings aims to provide an exciting opportunity for bondholders while ensuring transparency and adherence to tax regulations. These events not only boost participation but also contribute to the government’s efforts in promoting financial savings and investment among citizens.
For those holding bonds in the upcoming draws, it’s essential to be aware of the tax obligations tied to winning prizes. The clear distinction between tax rates for filers and non-filers ensures that winners are fully informed before claiming their rewards. Furthermore, the prize bond system continues to remain a popular savings tool for many across the country.
By staying informed about the upcoming prize bond schedules and tax rules, participants can better manage their expectations and responsibilities, ensuring that they fully benefit from their bond investments. The National Savings Division’s transparent and well-structured approach ensures that participants have a smooth experience throughout the prize draw process.
