Prize Bonds Draw Complete Schedule 2022

A prize bond is like an investment. It is very popular in Pakistan. There are two types of prize bonds being issued today. One is normal. Prize Bonds which are negotiable. Another premium is prize bonds, which are issued in the name of a specific person. Premium Prize Bonds These are non-negotiable, but can only be cashed through banks. When it goes cashless, your money is transferred directly to your bank account.

Value of Prize Bonds

Premium Prize Bonds are now issued in the following denominations:

Prize Bonds other than Premium Bonds are issued in the following denominations:

• 100 Rs
• 200 Rs
• 750 Rs
• 1500 Rs

Tax deductions on prize bonds

When the prize bonds are withdrawn, the winner can collect his winnings from the State Bank of Pakistan / National Savings Centre. At the time of payment of prize money on prize bond, income tax @15% is deducted from the active tax filer. FBR And @30% from the winner who is not an active tax filer with FBR.

Prize Bond Schedule 2022

gave Prize Bond Draw Schedule Issued for the entire year. Directorate General of National Savings issues schedule for premium and other types of prize bonds for one year.