Federal government on Thursday offered relaxation to the bearers of Rs 40,000 denomination prize bonds, allowing the investors to register their unregistered bonds up to March 31, 2020.
According to a statement issued on Thursday, following the decision of Economic Coordination Committee’s (ECC) of the cabinet, the holder of Rs40,000 denomination prize bond could take benefit of various facilities in registering their bonds.
Rs40,000 Bearer Prize Bonds could be converted to Premium Prize Bonds (Registered) through 16 field offices of SBP Banking Services Corporation, and authorized branches of six commercial banks i.e. National Bank of Pakistan, United Bank Limited , MCB Bank Limited, Allied Bank Limited, Habib Bank Limited and Bank Alfalah Limited.
The statement further added that Rs 40,000 Bearer Prize Bonds holder can avail the opportunity to replace the bonds with Defence Saving Certificates (DSC) or Special Saving Certificates (SSC) through the 16 field offices of SBP Banking Services Corporation, authorized commercial banks and National Savings Centres.