Last date for encashment of withdrawn Prize Bonds extended

The Federal Government has given another opportunity to the public to get the withdrawn prize bonds of Rs7500, Rs15,000, Rs25,000, and Rs40,000 redeemed or encashed by June 30, 2023.
Earlier, the government had fixed a deadline of June 30, 2022, for the redemption and encashment of these prize bonds.
However, considering that some of the prize bond holders could not get their bonds redeemed a final
opportunity has been given for the encashment of prize bonds till 30th June 2023. The investors of
aforesaid prize bonds have the following options of encashment or exchange.
a. Encashment at Face Value
b. Conversion to Premium Prize Bonds of Rs. 25,000 and/or Rs. 40,000 (Registered)
c. Replacement with Special Savings Certificates (SSC) or Defense Savings Certificates (DSC)
The prize bonds can be redeemed from the SBP Banking Services Corporation office and branches of
commercial banks across the country till 30th June 2023. The SBP has issued necessary instructions to
commercial banks to accept requests from the general public for encashment or exchange of the prize
bonds till the extended date.
The general public holding these bonds is encouraged to avail this final opportunity and get their
holdings redeemed before 30th June 2023. These prize bonds shall not be encashable or exchangeable
after the expiry of the extended deadline, thereby rendering them worthless.