How can I buy 750 prize bond?

Answered by Michael Blake

To purchase a 750 prize bond, you can follow a few simple steps. Firstly, you need to know that these prize bonds are issued by the State Bank of Pakistan (SBP) and are available for purchase from designated commercial bank branches, National Savings Centers, and SBP-BSC offices.

To proceed with the purchase, you will need to visit any of these authorized locations and fill out an application form. The application form can be obtained from the respective office or branch, and it usually requires you to provide a copy of your valid CNIC (Computerized National Identity Card).

Once you have the application form and your CNIC copy, you need to fill in the required information accurately. This information generally includes your name, address, contact details, and CNIC number. It is crucial to double-check the information you provide to avoid any discrepancies or issues in the future.

After completing the application form, you can submit it along with the copy of your CNIC to the concerned authority at the bank branch, National Savings Center, or SBP-BSC office. They will verify your details and process your request.

Upon successful verification, you can then pay the required amount for the 750 prize bond. The current price or face value of a 750 prize bond is Rs. 750. It is recommended to check the latest price before making the payment as it may vary over time.

Once the payment is made, you will receive the 750 prize bond in return. It is essential to keep this bond in a safe place as it represents your investment and can potentially win you prizes in future draws.

Remember to keep track of the draw dates and results to see if you have won any prizes. The prize bond draws are conducted periodically, and the winners are announced publicly. You can check the results online, through newspapers, or by visiting the authorized offices.

In summary, to buy a 750 prize bond, you need to visit an authorized location, fill out the application form with your accurate details, provide a copy of your CNIC, pay the required amount, and receive the prize bond in return. It is crucial to keep the bond safe and stay updated with the draw results to claim any potential prizes.