SBP extends deadline for encashment of prize bonds

By MG News | Category Central Bank | October 02, 2024 at 04:27 PM GMT+05:00

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October 02, 2024 (MLN): The State Bank of Pakistan (SBP) has extended the last date for encashment/replacement/conversion of Rs40,000, Rs25,000, Rs15,000 and Rs7,500 denomination National Prize Bonds (bearer) until December 31, 2024.

Previously, the last date for encashment/conversion/redemption of captioned denominations of National Prize Bonds (NPBs) was communicated as June 30, 2024.

Moreover, all commercial banks have been advised to surrender the cited prize bonds to respective SBP BSC Office latest by January 31, 2025, said a circular issued by the SBP.

All other instructions in this regard will remain unchanged, the central bank said.

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