Online prize bond check 200, besides the Rs. 200 bond you can also check all other denominations of prize bonds. This is the official application of National Savings Pakistan. So, it is a reliable source for the checking of prize bonds online.
Online Prize bond check 200. 200 prize bond has the largest number of prizes which is 2400 all other denominations have 1700 and Rs. 100 prize bond has 1100 prizes.
Visit the National Savings Official Website
Online Prize Bond Check 200, 100, 750, 1500, 25000, and 40000. On this platform, you can also check the results of premium prize bond draws as well.
Online Prize Bond Check 200, the Prize bond scheme in Pakistan is owned by National Savings Pakistan (CDNS) but it is fully handled and managed by the State Bank of Pakistan, Banking Services Corporation Bank throughout Pakistan. All the operations including sales, encashment, prize money distribution, printing, etc are managed by SBP BSC.
Online Prize Bond Check 200, the purpose of the prize bond scheme is to initiate and boost the savings habits of Pakistanis. These schemes give opportunity to owners of saving their money and chances to win prizes. The amount of prize money varies with the variety of denominations. The smallest prize is Rs. 1000/- and the largest amount is Rs. 80,000,000/-. The amount is subjected to the deduction of withholding tax on the amount of prize money. The tax is deducted at the source at the time of distribution of the prize money. The prize amount is credited to the owner and the tax amount is credited to the Federal Board of Revenue (FBR) at the same time by the State Bank of Pakistan.
Tax deduction rate:
The tax deduction rate on the amount of prize money is deducted at the time of disbursement of the prize money by the State Bank of Pakistan, Banking Services Corporation Bank all over Pakistan. The tax rate depends upon the filing status of the claimant. The active filer enjoys the privilege and relaxation of 15%. The active filer is bound to pay only 15% of the withholding tax on the amount of prize money. On the other hand, the nonfilers or inactive filers are bound to pay 30% of the tax on the prize amount.
The Prize bond scheme is one of the best schemes in Pakistan to save your money and get a chance to win the prize amount. It is recommended that if you have extra money, instead of saving it in physical cash form, convert it into prize money. Prize bonds are also as liquid as cash itself. you can sell them instantly if you need money anytime.
There are two main categories of prize bonds currently circulating in the market. One is the National prize bonds, which are considered as bearer bonds. The holder of the bond is the sole owner of the bond. You can also easily sell them in the open market.
The other is registered prize bonds, which are premium prize bonds. These premium prize bonds are registered in the name of the owner and these are not directly saleable or transferable. You can return them only to the offices of the State Bank of Pakistan, Banking Services Corporation, or authorized branches of scheduled banks or commercial banks.