Govt extends prize bonds encashment deadline

Last date for encashment / replacement / conversion of Rs40,000/-, Rs25,000/-, Rs15,000/, and Rs7,500/- denomination prize bonds has been extended up to March 31

By Our Correspondent
December 22, 2021
A representative image of prize bonds.
A representative image of prize bonds.

KARACHI: The government has given investors an extra three months to encash, replace, and convert their prize bonds, extending the deadline to March 31, 2022, a circular said on Tuesday.

The previous date for the encashment was December 31, 2021.

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The State Bank of Pakistan (SBP) issued the circular stating that the Finance Division had extended the last date for encashment / replacement / conversion of Rs40,000/-, Rs25,000/-, Rs15,000/, and Rs7,500/- denomination National Prize Bonds (bearer) up to March 31, 2022.

SBP has directed all branches to accept concerned requests of cited denominations from the general public till the given date.