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The State Bank of Pakistan (SBP) has issued an important announcement, urging individuals to redeem their prize bonds before the fast-approaching deadline. The last date for returning prize bonds of Rs. 40,000, Rs. 25,000, Rs. 15,000, and Rs. 7,500 denominations is 31st December 2024. As the SBP Announced last Date for Returning Prize Bonds all the candidates must return there prize bind befirw the ast date in there relevant bank branches.
This is a critical reminder for all bondholders to take immediate action. The SBP emphasized that after this date, no requests for redemption or exchange of these prize bonds will be entertained. Holders of these bonds are advised to act now to avoid the risk of losing their investment.
Where to Return Prize Bonds?
The SBP clarified that prize bonds can be returned at any commercial bank branch across Pakistan, including the State Bank’s head office. The process is straightforward, and individuals can visit their nearest branch to complete the necessary formalities.
However, bondholders must act without delay as time is running out. Any delays beyond 31st December 2024 will render the bonds invalid for redemption.
Why This Deadline Matters?
The deadline is part of the government’s efforts to phase out old prize bonds. These bonds were previously a popular form of saving, but their discontinuation means holders must redeem them to secure their funds. Failing to meet the deadline could lead to significant financial loss for bondholders.
What You Need to Do
- Locate your prize bonds of Rs. 40,000, Rs. 25,000, Rs. 15,000, and Rs. 7,500 denominations.
- Visit any commercial bank branch or the SBP head office to return the bonds.
- Complete the redemption process before 31st December 2024.
This announcement serves as a final reminder to all bondholders. With only a few days remaining, now is the time to act. Avoid last-minute hassles and ensure your bonds are redeemed within the stipulated time frame.
Don’t risk losing your hard-earned savings. Redeem your prize bonds before the deadline and secure your financial future.
Ali Hassan, a trusted expert with 5 years of experience, delivers reliable insights across diverse topics like news, jobs, education and trends on biseworld.com, ensuring authentic information with excellence.
