The State Bank of Pakistan (SBP) reminded the public that December 31, 2024 represents the final deadline for redemption, encashment or transfer of National Prize Bonds worth Rs. 7500 rupees. 15,000 rupees. 25,000 and Rs. 40,000 denominations.
“No applications will be accepted after this date,” according to the official WhatsApp channel of SBP.
This is the fourth extension granted by the government after the bonds were withdrawn from circulation in 2021. Previous deadlines have been extended several times to facilitate bondholders, with the latest extension announced via CMD Circular No. 1 in October 2024.
Bondholders can redeem these bonds through exchange, exchange for Premium Prize Bonds or transfer of funds to their bank accounts. Transactions can be made at SBP Banking offices or any commercial bank branch.
The bonds were withdrawn to improve compliance with financial regulations and enhance transparency. With this latest extension, the Fed is urging bondholders to act quickly before the bonds lose their validity.
For more details, visit your nearest SBP office or commercial bank branch, or visit the official website of SBP.