Prize Bonds are a favoured investment choice in Pakistan and are known for their security, which stems from government backing and the guaranteed preservation of the principal amount invested.
Unlike traditional investments, prize bonds do not accrue interest. Instead, holders can win substantial cash prizes through draws from any bank in Pakistan. These bonds are managed by the National Savings Division, functioning essentially as government-backed lotteries, which adds to their reliability and appeal among investors.
1500 Prize Bond 2024 Details:
The 98th Lucky Draw for the 1,500 prize bond is scheduled for May 15, 2024, in Karachi. The bond values and potential winnings are as follows:
| Prize Category | Prize Amount |
|---|---|
| First Winner | Rs3,000,000 |
| Second Winner | Rs1,000,000 |
| Third Winner | Rs18,500 |
Despite the low probability of winning, these bonds attract investors hoping for a substantial payout.
| Prize Category | Amount | Winning Numbers |
|---|---|---|
| First Prize | Rs. 1,500,000 | 900286 |
| Second Prizes | Rs. 500,000 | 134647, 197462, 314256 |
| Third Prize | Rs. 9,300 | Multiple winners |
Prize Bonds come in various denominations, allowing holders to enter multiple draws.
Previously, the Hyderabad office of the National Savings Division held Draw No. 98 for the Rs750 bond on April 15, 2024. The winners were:
The allure of these bonds lies in their blend of security and the thrill of potentially significant financial rewards.
