SBP issues reminder for National Prize Bond encashment

News Image

By MG News | Category Economy | December 28, 2024 at 12:36 PM GMT+05:00

0:00

December 28, 2024 (MLN): The State Bank of Pakistan (SBP) has reminded yesterday the public to encash, replace, or convert the National Prize Bonds (NPBs) of Rs40,000, Rs25,000, Rs15,000, and Rs7,500 denominations before the deadline of December 31, 2024.

Earlier, the government had fixed a deadline of June 30, 2024 for encashment / conversion / redemption of captioned denominations of National Prize Bonds (NPBs).

The SBP has issued necessary instructions to commercial banks to accept requests for encashment / conversion / redemption of cited denominations from general public till the extended date.

Additionally, banks are required to submit branch and region wise consolidated data of the specified denomination non-performing banknotes (NPBs) held by them as of the last date, December 31, 2024.

This data must be submitted no later than January 2, 2025.

Moreover, all commercial banks are advised to surrender the cited prize bonds to the respective SBP BSC office no later than January 31, 2025.

All other instructions in this regard shall remain unchanged.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 121,641.00
407.56M
-0.13%
-157.87
ALLSHR 75,951.71
854.04M
-0.10%
-76.82
KSE30 36,827.89
67.82M
-0.42%
-156.03
KMI30 181,199.42
117.76M
-0.38%
-696.40
KMIALLSHR 52,088.08
592.55M
-0.27%
-143.41
BKTi 29,808.04
22.21M
-0.83%
-249.97
OGTi 27,075.99
4.68M
-0.75%
-203.95
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 104,095.00 104,115.00
101,390.00
1880.00
1.84%
BRENT CRUDE 65.09 65.31
64.80
-0.25
-0.38%
RICHARDS BAY COAL MONTHLY 90.00 0.00
0.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 100.65 0.00
0.00
0.10
0.10%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 63.08 63.34
62.82
-0.29
-0.46%
SUGAR #11 WORLD 16.51 16.59
16.47
-0.06
-0.36%

Chart of the Day


Latest News
June 05, 2025 at 10:09 PM GMT+05:00

Trump, Xi speak on trade, agree to ongoing talks


June 05, 2025 at 09:29 PM GMT+05:00

SBP revises regulations to support SMEs



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg