December 24, 2024: The complete Prize Bond Schedule 2024 equally has been released by the Central Directorate of National Savings (CDNS), Pakistan. This schedule includes all denominations and states dates and cites for the draws to take place.
Prize bonds are available in the denominations of Rs. 100, Rs. 200, Rs. 750, Rs. 1500, Rs. 7500, Rs. 15,000, Rs. 25000, Rs. 40,000 and Rs. 40000 Premium Bonds
Prize bonds are issued for each denomination, and they are issued for a draw four times a year thus giving all the bond holders a chance to win some money.
However, Prize bond is another mode of saving and investments in Pakistan which has provision for citizens to win handsome amount of money without any loss at initial stage.
Key Features of Prize Bonds:
- Government-backed Security: Prize bonds are issued by the government of Pakistan, ensuring their safety.
- No Expiry Date: Bonds remain valid indefinitely, so they can be entered into draws as long as they are in circulation.
- Tax-free Prizes: All winnings from prize bonds are tax-free, which is a significant benefit compared to other forms of income.
- Tradable and Transferable: Prize bonds can be bought, sold, or transferred without any restrictions, adding to their liquidity.
Prize Bond Draw Schedule for 2024
Here is the complete draw schedule for prize bonds of all denominations for 2024.
It also lists the draw dates and the cities hosting the draws.
It is important to point out that each denomination has four draws a year, not necessarily in the same month each time.
| Denomination (PKR) | Draw Date | Draw Number | City |
| 100 | February 15, 2024 | Draw #45 | Rawalpindi |
| 100 | May 15, 2024 | Draw #46 | Faisalabad |
| 100 | August 15, 2024 | Draw #47 | Lahore |
| 100 | November 15, 2024 | Draw #48 | Multan |
| 200 | March 15, 2024 | Draw #95 | Hyderabad |
| 200 | June 15, 2024 | Draw #96 | Karachi |
| 200 | September 15, 2024 | Draw #97 | Quetta |
| 200 | December 15, 2024 | Draw #98 | Peshawar |
| 750 | January 15, 2024 | Draw #97 | Lahore |
| 750 | April 15, 2024 | Draw #98 | Faisalabad |
| 750 | July 15, 2024 | Draw #99 | Karachi |
| 750 | October 15, 2024 | Draw #100 | Multan |
| 1,500 | February 15, 2024 | Draw #95 | Rawalpindi |
| 1,500 | May 15, 2024 | Draw #96 | Lahore |
| 1,500 | August 15, 2024 | Draw #97 | Quetta |
| 1,500 | November 15, 2024 | Draw #98 | Hyderabad |
| 7,500 | January 15, 2024 | Draw #91 | Lahore |
| 7,500 | April 15, 2024 | Draw #92 | Karachi |
| 7,500 | July 15, 2024 | Draw #93 | Rawalpindi |
| 7,500 | October 15, 2024 | Draw #94 | Peshawar |
| 15,000 | March 15, 2024 | Draw #95 | Lahore |
| 15,000 | June 15, 2024 | Draw #96 | Multan |
| 15,000 | September 15, 2024 | Draw #97 | Karachi |
| 15,000 | December 15, 2024 | Draw #98 | Faisalabad |
| 25,000 | March 15, 2024 | Draw #41 | Hyderabad |
| 25,000 | June 15, 2024 | Draw #42 | Lahore |
| 25,000 | September 15, 2024 | Draw #43 | Karachi |
| 25,000 | December 15, 2024 | Draw #44 | Multan |
| 40,000 Premium | March 15, 2024 | Draw #35 | Peshawar |
| 40,000 Premium | June 15, 2024 | Draw #36 | Faisalabad |
| 40,000 Premium | September 15, 2024 | Draw #37 | Karachi |
| 40,000 Premium | December 15, 2024 | Draw #38 | Lahore |
Prize Structure for Different Denominations
Additionally, each prize bond denomination has a set prize structure with multiple tiers. Below is an overview of the prize structure for each denomination.
| Denomination (PKR) | First Prize | Second Prize | Third Prize |
| 100 | 700,000 | 200,000 (3 prizes) | 1,000 (1,199 prizes) |
| 200 | 750,000 | 250,000 (3 prizes) | 1,250 (2,394 prizes) |
| 750 | 1,500,000 | 500,000 (3 prizes) | 9,300 (1,696 prizes) |
| 1,500 | 3,000,000 | 1,000,000 (3 prizes) | 18,500 (1,696 prizes) |
| 7,500 | 15,000,000 | 5,000,000 (3 prizes) | 93,000 (1,696 prizes) |
| 15,000 | 30,000,000 | 10,000,000 (3 prizes) | 185,000 (1,696 prizes) |
| 25,000 | 50,000,000 | 15,000,000 (3 prizes) | 312,000 (1,696 prizes) |
| 40,000 Premium | 80,000,000 | 30,000,000 (3 prizes) | 500,000 (1,696 prizes) |
How to Check Prize Bond Results
Draw Timings: Draws typically occur at 10:00 AM on the scheduled date.
Checking Results: The official National Savings website, SMS services, and newspapers provide the results.
Prize Bond Types: There are both regular and premium bonds. Premium prize bonds are registered, offering holders additional benefits like semi-annual profit payouts.
Prize Tiers and Cash Rewards
Here’s a table summarizing the prize tiers and cash rewards for each denomination of the prize bonds:
| Denomination (PKR) | First Prize | Second Prize | Third Prize |
| 100 | 700,000 | 200,000 (3 winners) | PKR 1,000 (1,199) |
| 200 | 750,000 | 250,000 (3 winners) | PKR 1,250 (2,394) |
| 750 | 1,500,000 | 500,000 (3 winners) | PKR 9,300 (1,696) |
| 1,500 | 3,000,000 | 1,000,000 (3 winners) | PKR 18,500 (1,696) |
| 7,500 | PKR 15,000,000 | 5,000,000 (3 winners) | PKR 93,000 (1,696) |
| 15,000 | 30,000,000 | 10,000,000 (3 winners) | PKR 185,000 (1,696 winners) |
| 25,000 | 50,000,000 | PKR 15,000,000 (3 winners) | PKR 312,000 (1,696 winners) |
| 40,000 Premium Bond | 80,000,000 | PKR 30,000,000 (3 winners) | PKR 500,000 (1,696 winners) |
Additionally, this structure highlights the potential cash prizes for each prize bond category, with multiple winners for the second and third prizes in every denomination.
Frequently Asked Questions (FAQs)
1. What is a prize bond?
However, A prize bond is a saving tool legal tender by the government of Pakistan that gives each bond holder an opportunity to win cash prizes in the draw. save and earn prizes and does not have interest like other investment but they are not egging high risk to invest in them.
2.How do I participate in a prize bond draw?
To participate, one just has to buy a prize bond from a current dealer or from a bank. Every bond comes with a Serial Number and would be on an automatic drawing for that bond’s denomination.
3.How often are prize bond draws held?
However, authorities conduct tenders for each type of prize bond regularly, four or three times annually. The lottery includes eight different denominations, and organizers hold them at various times throughout the year to give participants multiple chances.
4. Are prize bond winnings tax-free?
Yes, all winnings from prize bonds are tax-free in Pakistan, making them a popular choice for investment.
5. What is the difference between a regular prize bond and a premium prize bond?
Prize bonds of a usual sequence are not personal; issuers release them and allow their exchange for other bonds, while the holder’s name appears on premium prize bonds.
Another aspect of premium bonds is getting direct deposit of winnings and winning semi-annual profit unlike the prize bonds.
