Extention the last date for encashment of Rs 40,000, Rs 25,000, Rs 15,000 and Rs 7,500

The government has extended the last date for encashment, conversion or redemption of withdrawn National Prize Bonds of Rs 40,000, Rs 25,000, Rs 15,000 and Rs 7,500 denomination up to June 30, 2024.

The prize bonds from the SBP Banking Services Corporation office and branches of commercial banks across the country till the extended deadline.

The State Bank of Pakistan, accordingly, advised all participating commercial banks to accept requests for encashment, conversion or redemption of the withdrawn bonds by general public till the extended date.

Currency Management Department of Banking Services Corporation of SBP, in its circular issued to the banks,that the Finance Division had extended the last date for Prize Bond of Rs 40,000, Rs 25,000, Rs 15,000 and Rs 7,500 National Prize Bonds (bearer) up to June 30, 2024.

Previously. the last date for encashment, conversion and redemption of National Prize Bonds (NPBs) was fixed as June 30, 2023.

The decision of extending the deadline has been taken after considering the fact that some of the prize bond holders could not get their bonds redeemed by the earlier deadline of June 30, 2023.