Saturday, 9 December 2023
Prize Bonds Date Extended by State Bank of Pakistan

SBP extends prize bond encashment deadline

State Bank of Pakistan (SBP) extended the last date for encashment or conversion of prize bonds of Rs 15,000, Rs 25,000 and Rs 40,000 up to September 30, 2021, a circular issued by the SBP.

The last date for encashment or conversion of Rs 15,000 prize bond was June 30, 2021, while, May 31, 2021 was for Rs. 25,000 and Rs 40,000 prize bonds.

The SBP has directed all the banks to circulate updated instructions on prize bonds to all branches for information and compliance. All other terms and conditions in this regard shall remain unchanged.

If you want to become active tax filer or want to get tax, accounting and corporate services in Pakistan then we are here to provide you professional services! Call: 0092-3334875413 |

Unregistered prize bonds of Rs 7,500, Rs 15,000, Rs 25,000 and Rs 40,000 can be converted to Rs. 40,000 and Rs. 25,000 denomination Premium Prize Bonds. Through the 16 field offices of SBP Banking Services Corporation, and authorized branches of 19 commercial banks.

See also  Karachi Tax Bar Demands further date extension for sales tax payment & return filing

There is a need to submit a written request for conversion of prize bonds into Rs. 40,000 and Rs. 25,000 Premium Prize Bonds as per the prescribed application form.

Moreover, prize bonds will only be encashed by transferring it to the prize bond holders’ bank account. Through the 16 field offices of SBP Banking Services Corporation, and authorized commercial banks. There is also an option to made investment to the Savings Accounts at National Savings Centers.

tax accounting services top tax consultants lahore pakistan

Prize Bonds | 15000 | 25000 | 40000 | Last Date | Encashment | Extended | State Bank of Pakistan | Premium Prize Bonds |

Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"] - Your Tax Experts and Consultants

Welcome to

Providing Expert Tax Services for Individuals and Businesses

About Us

At, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: