SBP issues reminder for National Prize Bond encashment

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

Add Mettisglobal as a Trusted Source on Google

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	170,765.22 212.46M	0.16% 266.28
ALLSHR	103,241.06 481.66M	0.13% 137.96
KSE30	50,813.89 65.25M	0.15% 74.20
KMI30	244,391.30 71.96M	0.08% 186.13
KMIALLSHR	66,928.26 309.74M	0.08% 55.24
BKTi	47,274.31 12.11M	0.30% 141.41
OGTi	35,009.43 4.22M	0.13% 46.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,475.00	84,580.00 84,120.00	55.00 0.07%
BRENT CRUDE	104.38	106.59 103.11	-2.22 -2.08%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	-0.55 -0.45%
ROTTERDAM COAL MONTHLY	136.55	137.10 133.60	0.65 0.48%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	92.44	94.75 91.51	-2.17 -2.29%
SUGAR #11 WORLD	18.54	18.75 18.43	-0.07 -0.38%