Prize Bond of Rs. 750

The prize bond is a lottery—the Finance Ministry issues prize bonds under the Government of Pakistan. The prize bonds are always in a series. The government of Pakistan issued the first prize bond of Rs. 10 in October 1960. It was supervised by the Central Directorate of National Savings (CDNS). Later on, the bond was launched by minister K. M. Sheikh, and he also purchased the first bond. The 1st prize bond was drawn in January 1961. Later on, prize bonds of 11, 50, 100, 200, 500, 1000, 15,000, and 25,000 were also introduced.

The prize bond can be easily purchased from any National Saving Centre or the State Bank of Pakistan. Prize bonds can not be purchased online.

The prize bond is drawn after three months. In the beginning, a drum was used to select the winners. With time prize bond's status is updated. Now prize bonds of 100, 200, 750, 1500, 7500, 15000, 40000 are present. The system of winner selection is also advanced with the machine. The machine selects the winner. In respect of special children, the lucky draw machine is operated by a special child.

There is a text deduction from the prize bond money. It is 25% for the non-filer winners and 15% for the filer winners. Here, in this article, we will discuss the prize bond of Rs. 750.

Regulation of Prize Bonds:

The National Saving Centre regulates the prize bond scheme with the collaboration of the State Bank of Pakistan. They regulate the prize bond scheme under the Ministry of Finance and Government of Pakistan.

Prize Bond Lucky Draw:

The prize bond of Rs.750 is drawn four times in a year. Like other denominations of the bond, it is drawn at the start or middle of the month. The lucky draw ceremony is carried on in the major cities of Pakistan. The Lucky draw months for the prize bond Rs. 750 are as follows:

• January
• April
• July
• October

Prizes for the Prize Bond of Rs. 750:

Prizes for the prize bond of Rs. 750 are as follows:

• 1st prize with one winner has the amount of Rs. 15,00,000.
• 2nd prize with the three winners has the amount of Rs. 500,000.
• 3rd prize with the 1696 winners has the amount of Rs. 9300.

Prize Bond Winning Chance:

Prize bonds are becoming very popular among the public. They are safe because there is a maximum chance of winning. There is no loss in prize bond as they have the opportunity to sell the bond in any prescribed bank in return for the full amount. Also, prize bonds have a 100 money-back guarantee after holding it for 90 days.

Security of Prize Bond:

Prize bonds are like currency. When a client buys a prize bond, he is responsible for its security. In the case of bond misplacement or damage, the National Saving Centre or State Bank of Pakistan does not take the responsibility. In the case a bond is stolen, the State Bank of Pakistan or the National Saving Centre is not responsible.

A person gets the amount of the prize bond that has the original bond. After the lucky draw bank takes 3-4 days for the completion of necessary actions. When necessary actions are completed, the bank issues the amount to the winners.

The prize bonds of lower prices are valuable for the public as there is no significant loss on their investment.

Prize Bond Checking Process:

A person can check the prize bond through the web or the Android application. For the web, checking takes the following steps.

Open the website of the National Saving Centre. Write the amount of the prize bond, add the prize bond range. After the bond range, enter the prize bond withdrawal number and search. The results for your required prize bond will be delivered on the screen.

Prize Bond Claiming:

After the lucky draw, the National Saving Centre completes the necessary process. The amount is transferred to the winner after 3-4 days of the Lucky draw. To receive the money, the winner should have an original prize bond and national identity card. The original prize bond and copy of the national identity card are submitted to the National Saving Centre. After that, the winning amount is transferred to the bank account of the winner.

Prize bonds are getting demanded in public. They are trustworthy, so the public purchases them confidently. There are huge chances of winning the prize bond. The public is investing money in the prize bonds. Around 70,000 people win an amount of approximately 1.6 billion in a year.

Big investors have a big chance of winning prize bonds as they invest their money in the form of prize bonds. The main advantage of bonds is that it pays fixed amounts. Also, it has a money-back guarantee.