Salient Features of 40000 and 25000 Premium Prize Bonds
Salient Features of 40000 and 25000 Premium Prize Bonds. Premium prize bonds were issued in replacement of negotiable prize bonds for Rs25000 and Rs40000. Now, these are issued specifically in the name of the holder of the premium prize bond.
Some of the unique features of premium prize bonds are here described which differentiate these from other prize bonds issued with different denominations.
Profit on Premium Prize Bonds Issued
It is good news for the holder of premium prize bonds that not only there is a chance of a prize on the lucky draw at announced dates but also profit is paid at specific rates announced. This means it is also a type of investment where citizens can invest their savings to earn money in the shape of profit and prize money.
Denominations of Premium Prize Bonds
Premium Prize bonds are available in two different denominations of Rs25000 and Rs40000. Now you have the option to invest in premium prize bonds or other denominations like Rs100, Rs200, Rs750, and Rs1500 also.
Premium Prize Bonds in the name of Investor
There is a feature of a premium prize bond that is not negotiable hand to hand. It is specifically issued in the name of the investor and it can not be owned and transferred to other. This feature secures premium prize bonds as compared to other types of bonds.
Quarterly Prize Money Draws as well as Profit on Premium Prize Bonds
Premium prize bonds draw is held quarterly after every three months. Prize money at draws, as well as Bi-annual Profit Payment, is also a special feature of this type of bond.
Investment Opportunity for Overseas and Pakistani Investors
Premium prize bonds are an investment opportunity for both Pakistani Citizens (Adult individuals) as well Overseas Pakistanis.
Direct Transfer of Prize & Profit
Premium prize bond holder enjoys the facility that investor in such bonds receives direct credit for their Prize Money and Profit in their Bank Account.
No Requirement of Application Forms for prize money & profit
You will be amazed after knowing that you do not need application forms for claiming prize money & profit. Both things will be credited to the investor’s bank account.
Highest Prize Money on Premium Prize Bond
Do you know that premium prize bonds issued in Pakistan offer the highest prize money of Rs30,000,000 on the Rs25000 prize bond and Rs80,000,000 on the Rs40000 prize bond? Such prize money is paid as 1st prize and 2nd and 3rd prize is also paid.
Prizes of Rs25000 Prize Bond
There are three prizes against this premium prize bond of Rs25000:
- First prize will get by two lucky winners of Rs30,000,000,
- while five prizes of Rs10,000,000 each reserved for the second position holders.
- Similarly, the third prize of Rs300,000 – awards to each of the 700 lucky winners.
Prizes of Rs40000 Prize Bond
There are three prizes against this premium prize bond of Rs40000:
- First prize will get by one lucky winner of Rs80,000,000,
- while three prizes of Rs30,000,000 each reserved for the second position holders.
- Similarly, the third prize of Rs500,000 – awards to each of the 660 lucky winners.
Tenure of Investment in Premium Prize Bonds
Investment in premium prize bonds has the feature of unlimited Investment and period of investment. There is no period fixed for such type of investment. Moreover, you can invest in premium prize bonds as much as one investor wants to invest in them.
Withholding Income Tax on Premium Prize Bonds
Withholding income tax on prize money of premium prize bonds is deducted at the same rates which are applicable on other usual denomination prize bonds. On filers of income tax returns, the rate is 15% of prize money and on non-filer, the rate of tax is 30%.
Exemption from Deduction of Zakat
Prize money on premium prize bonds is exempted from the deduction of zakat. So, on your prize money, only tax will be deducted as per the rates given above and zakat is not the deduction.
Secure Type of investment
Investment in premium prize bonds is secured because it is issued in the name of the investor and is not negotiable. Moreover, other types of prize bonds are openly issued and are negotiable.
How to Purchase Premium Prize Bonds?
You can purchase Premium prize bonds through Cash, Cheque, Pay-Order, and Bank Draft. So the investor has a facility that he can use whatever medium he feels comfortable to invest in premium prize bonds.
From where to purchase Premium Prize Bonds?
Here is an interesting feature of premium prize bonds you can purchase them from offices of the State Bank of Pakistan (BSC) and as well as authorized branches of commercial banks.
Download Online Prize Bonds Draws List 2022 and 2023
You can check and downloads here prize bond list for years 2022 and 2023 for previous and current draws held during the year:
- 100 Prize Bond Draw List
- 200 Prize Bond Draw List
- 750 Prize Bond Draw List
- 1500 Prize Bond Draw List
- 25000 Premium Prize Bond Draw List
- 40000 Premium Prize Bond Draw List
You can check the previous results of prize bond draws here by clicking the relevant link given above.
Schedule of Premium Prize Bonds Rs25000 and Rs40000 year 2023
Following is the schedule of premium prize bond for year 2023: