40000 prize bond discontinued bond - Is 25000prize bondbanned in Pakistan discontinue bearer prize bonds of Rs. 40,000 Understanding the Discontinuation of the Rs. 40,000 Prize Bond in Pakistan

7500Prize Bondnext draw date The financial landscape in Pakistan has seen significant shifts, and one notable change is the discontinuation of the Rs. 40,000 prize bond.Date To En-cash Withdrawn Prize Bonds Extended Up To ... This decision, primarily driven by the State Bank of Pakistan (SBP) and the Federal Government, aims to enhance transparency and curb illicit financial activities.SBP announces deadline for returning prize bonds For investors and the general public, understanding the implications of this discontinued security is crucial.

The Rationale Behind Discontinuation

The federal government discontinued Rs15,000, 25,000 and 40,000 prize bonds as part of a broader strategy to eliminate corruption and money laundering.佛历2562年6月25日—Thesebondscan be encashed by March 31, 2020 after that thebondswill become useless since they would no longer be included in draws. Bearer bonds, by their nature, are untraceable, making them susceptible to misuse.Important Announcement for Rs. 25000 Prize Bonds - Bank AL Habib By withdrawing these denominations, the authorities aim to create a more regulated and secure financial system. The SBP has taken steps to discontinue the fresh issuance of Rs 40000 prize bonds. This move is also intended to address concerns related to how the system allowed for certain financial loopholes. The discontinue bearer prize bonds of Rs. 40,000 directive was a significant step in this directionThe last date for the redemption of National Prize Bonds of Rs.7,500 ....

Key Dates and Deadlines

Several key dates mark the phase-out of the Rs.佛历2562年2月15日—The State Bank of Pakistan (SBP) has announced todiscontinue the fresh issuance of Rs 40000 prize bondswith effect from Friday (today). 40,000 prize bond:

* February 14, 2019: The finance ministry had discontinued the fresh issuance of Rs佛历2563年2月22日—The finance ministry haddiscontinuedthe fresh issuance of Rs.40,000bearerbondsfrom Feb 14, 2019.. 40,000 bearer bonds.National Savings Announces Rs. 750 Prize Bond Results for January 2026 Subsequently, the SBP was directed to stop selling Rs40,000 prize bonds from June 24 onwards.

* June 24, 2019: The Central Directorate of National Savings (CDNS) had formally discontinued the specific bondSBP to cease issuance of Rs40,000 prize bonds from 15th ....

* March 31, 2020: This was initially set as the deadline for Rs40,000 bearer Prize Bonds to be registeredState Bank discontinues Rs40,000 prize bonds - Business. It was also the date after which these bonds would no longer be included in draws, rendering them useless if not encashedGovt May Give One Last Chance to Redeem Discontinued ....

* December 10, 2021: The bearer bonds of Rs40,000 were to be completely discontinued as legal tender by this date, though extensions were granted99.5pc discontinued prize bonds redeemed; relief for remaining may ....

* June 30, 2023: A significant number of Rs 40,000 prize bonds were to be redeemed/encashed by this date.

* December 31, 2024: This is the current extended deadline for the redemption and encashment of Prize Bonds of Rs. 40000, along with Rs佛历2562年10月14日—After the decision taken by the federal government, the CDNS haddiscontinuedthe specificbondon June 24, 2019.. 25,000, Rs. 15,000, and Rs佛历2562年6月26日—The State Bank of Pakistan (SBP) in a circular issued on Tuesday directed all commercial banks tostop selling Rs40,000 prize bonds from June 24 onwards.. 7,500 denominations. Prize Bonds of these values can be returned or exchanged at any office of the State Bank of Pakistan佛历2563年12月10日—The bearerbondsof Rs40,000 was to be completelydiscontinuedfor legal tender by March 2020. However, it is extended up to December 30, 2021..

It's important to note that no further prize bond draw of Rs. 40,000 shall be held99.5pc discontinued prize bonds redeemed; relief for remaining may ....

What Does "Discontiunued" Mean for Bondholders?

For existing holders of the Rs. 40,000 prize bond, the term "discontinued" signifies that no new draws will be conducted, and the government is phasing them out.State Bank discontinues Rs40,000 prize bonds - Business However, this does not mean the prize value is lost. The bonds can still be redeemed for their face value佛历2562年6月25日—Thesebondscan be encashed by March 31, 2020 after that thebondswill become useless since they would no longer be included in draws.. Many sources confirm the Rs 40000 prize bond is a discontinued security by the Government of Pakistan. The SBP has announced that December 31, 2024, is the final deadline for the encashment of these prize bonds.

Redemption Options

Holders of the Rs. 40,000 prize bond have a few options:

1. Encashment: The most straightforward option is to present the bond to any designated bank branch for its face valueSBP discontinues Rs 40000 prize bond. The State Bank of Pakistan has specified that these bonds can be encashed or exchanged at their offices.

2佛历2563年2月22日—The finance ministry haddiscontinuedthe fresh issuance of Rs.40,000bearerbondsfrom Feb 14, 2019.. Exchange: In some cases, these bonds might be exchangeable for other available prize bond denominations佛历2562年6月26日—The State Bank of Pakistan (SBP) in a circular issued on Tuesday directed all commercial banks tostop selling Rs40,000 prize bonds from June 24 onwards..

3. Premium Prize Bond Rs. 40,000: While the bearer version is being phased out, information suggests the existence of a Premium Prize Bond Rs. 40,000, which is registered in the investor's name.佛历2562年6月26日—The State Bank of Pakistan (SBP) in a circular issued on Tuesday directed all commercial banks tostop selling Rs40,000 prize bonds from June 24 onwards. This indicates a shift towards registered and traceable financial instruments. These premium prize bonds are available in RsPrize Bond. 25,000/- and Rs. 40,000/- denominations and are registered in the name of the investor, offering both prize money as well as profitGovt May Give One Last Chance to Redeem Discontinued ....

Related Denominations and Future Trends

The discontinuation is not isolated to the Rs. 40,000 denomination.Prize Bond The federal government discontinued Rs15,000, 25,000 and 40,000 prize bonds, alongside the Rs. 7,500 prize bond.Premium Prize Bonds (Registered) Scheme This indicates a systematic move away from bearer prize bonds in Pakistan.

The focus is clearly shifting towards registered instruments. This can be seen with offerings like the Premium Prize Bonds (Registered) Scheme, which offers RsRs 40000 Prize Bonds: Investors urged to register .... 25,000/- & Rs. 40,000/- denomination Premium Prize Bonds. This aligns with the broader goal of promoting transparency and reducing the avenues for financial irregularities佛历2562年10月14日—After the decision taken by the federal government, the CDNS haddiscontinuedthe specificbondon June 24, 2019.. The RsRs 40000 Prize Bonds: Investors urged to register .... 40,000/- Prize Bond Draws are discontinued by the Government of Pakistan, emphasizing this shiftPremium Prize Bond Rs. 40,000. 2025. 10-03-2025 · 10-06-2025 · 10-09-2025 · 10-12 ... Prize Bonds. Central Directorate of National Saving (Head office) G-6/4 ....

For individuals looking for investment opportunities, it is advisable to explore the newer, registered prize bonds or other government-backed