We all know that the whole scenario of the Prize Bond is a lottery bond, and it is defined as a non-interest bearing investment issued by the Finance Minister through National Savings Bond. These bonds are typically given as the reverse payment or revenue for the Pakistani people to earn some investment options. In 1960, the first scheme of Prize Bond was introduced by the Pakistan Government, which was supervised under the national savings Center.

Through this process, the Pakistan government has been borrowing and earning billions of money, but at the same time, the winning amount conferred for the investors has been relatively low. Every single draw is arranged every quarter whereas no such profit or interest is given away on these Prize bond

After the quarterly schedule, lucky winners are all announced through the process of a random draw. This lucky draw in arranged in major Pakistan cities in which we have Lahore, Karachi, Quetta, Abbottabad, Peshawar, Multan, and Muzaffarabad. According to the latest estimation, around 70,600 people of Pakistan have benefited themselves by winning Rs 1.6 billion of winning amount.

What is the Prize Bond Schedule?

The whole procedure of the Prize Bond schedule is performed under the services of the national savings center. The program is purposely differently planned every single year as there are no specific fixed dates of the draw. But you can predict it!

All those Prize Bonds, ranging from Rs 100-Rs1000, have the draw dates in between the first 4-6 months of the year.
Whereas those bonds which fall into the category of Rs.15000-Rs 40000 they have the draw schedule, which is within the ending six months of the year. Different denominations of the Prize Bonds are Rs 100, 750, 200, 15000, 1500, 25000, 7500, 40,000 and 4000.

Which is the Cheapest Prize Bond?

Among all the bond denominations, the cheapest of them all is the Rs 100 bond. This has been one of the most availed and yet the most affordable bond for people's low class. You can easily purchase it from the local banks or even from the National Bank of Pakistan. For this bond, the draw's procedure is arranged in the first six months of the year.

Rs 100 Prize bond list has the first winning amount, which is Rs 700,000. This winning amount has just one winner. The second prize is Rs 200,000, which will be awarded to three winners. The last prize is around Rs 1000, which will be awarded to 1099 participants.
Hence the prize bond list in the form of draws. These draws are held in various cities inside Pakistan in which we have Lahore, Karachi, Quetta, Abbottabad, Peshawar, Multan, and Muzaffarabad.

As it is the cheapest bond, therefore, so many draws are announced by the system. It might be possible that the interests can be extended over some time, and the applicant has to wait for their turn and so as the luck.
You can even check out the winners' names by visiting different sites placed with the prize bond list of other denominations. This whole prize bond process is the best medium of investment for the ordinary class of people to earn a handsome amount of money at least a period.

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