June 20, 2019 (MLN): Federal Board of Revenue (FBR) has given extension in regularization of Rs 40,000 prize bonds.

Following ECC decisions, a number of steps have been taken with regards to bonds as per which, the date for registration of Rs 40,000 prize bonds has been extended to March 31, 2020, as opposed to previous date of September 30, 2019.

Prize bonds can be exchanged from SBP, NBP, MCB, ABL, HBL, Bank Alfalah branches. Moreover, investors have an option to buy defence, special and other certificates in exchange of prize bonds.

Investors can also deposit Rs 40,000 prize bonds in their bank accounts. In addition, all scheduled banks and SBP are advised to facilitate investors to exchange their bonds.

Ministry of Finance has said that all the registered holders will get normal six-monthly rate of return as well prize and no draw would be conducted on Rs 40,000 bearer bonds.

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