Last date for encashment of withdrawn prize bonds extended

Canada Global (Web News) After receiving permission from the federal government, the State Bank of Pakistan (SBP) extended the deadline for redeeming withdrawn prize bonds worth Rs. 7,500, Rs. 15, Rs. 25, and Rs. 40,000.

Central bank made the news in a statement related to this topic.

The statement added, “The federal government has offered the public another option to redeem or encashed the withdrawn prize bonds of Rs. 7,500, 15,000, 25,000, and 40,000 by June 30, 2023.”

Government had set a deadline of June 30, 2022, for the redemption or encashment of these reward bonds.

Central bank stated that a final opportunity has been granted for the encashment of prize bonds until June 30, 2023, taking into account the fact that certain prize bond holders were unable to have their bonds redeemed.

The SBP Banking Services Corporation office and branches of commercial banks all around the nation are where the prize bonds can be redeemed.

SBP has given commercial banks the necessary guidelines to accept requests from the general public for the redemption or exchange of the prize bonds up until the extended deadline, the announcement states.

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