Prize Bond Rs. 200 - Results and, Draw Results, Schedule Dates and News

Prize Bond of Rs. 200

The government issues the prize bond for the public. A prize bond is a type of lottery. As its name indicates, the government gives prizes instead of interest on fixed amounts after regular intervals. After the division of the subcontinent, Pakistan came into existence. The government of Pakistan issued the first prize bond of Rs. 10 in October 1960, which was supervised by the Central Directorate of National Savings (CDNS).

Later on, the bond was launched by minister K. M. Sheikh, and he also purchased the first bond. The 1st prize bond was drawn in January 1961. Later on, prize bonds of 11, 50, 100, 200, 500, 1000, 15,000, and 25,000 were introduced.

The prize bond is drawn after three months. In the beginning, a drum was used to select the winners. With the time prize, bond status is updated. Now prize bonds of 100, 200, 750, 1500, 7500, 15,000, and 40,000 are present. The system of winner selection is also advanced with the machine. The machine selects the winner.

The lucky draw is held by the committee of the National Savings of Pakistan. The hand operating draw machine selects winners. The public is allowed to attend the lucky draw ceremony. A special child operates the lucky draw machine in the presence of public and committee members.

The prize bond is valid until the scheme is active. When the scheme is terminated, the prize bond does not remain valid. After winning the bond from the date of the lucky draw, a person has six years to claim the bond reward. There is a text deduction from the prize bond money. It is 25% for the non-filer winners and 15% for the filer winners.

The draw of Rs. 200 Prize Bond:

The prize bond of 200 is drawn four times in a year. Prize bond draw ceremony is held in the major cities of Pakistan. In the ceremony, there is the participation of the prize bond committee and the public. Mostly the prize bond is drawn in the middle of the month. The months in which the prize bond of Rs. 200 is drawn are as follows:

• March
• June
• September
• December

Mostly 15 is the date of the month on which the prize bond is drawn. If it is a holiday, the draw is held on the 16th.

Prizes of Rs 200 Prize Bond:

Prizes after the draw of the Rs. 200 bonds are as follows:

• The 1st prize with one winner has the amount of 750,000.
• The 2nd prize with five winners has the amount of 250,000.
• The 3rd prize with 2395 winners has the amount of 1250.

Prize Bond Money Claiming:

The prize bond money of rupees more than 1250 can be claimed from the National Saving Centre. The amount up to 1250 only is claimed from the State bank of Pakistan. To claim the prize bond following are the requirements:

• Original CNIC card of the applicant.
• Original prize bond.
• Photocopy of the prize bond with the applicant's signature on the backside.

Bonds are safer than the stock exchange shares because there is a fixed amount winning option. Bonds move parallel to the stock market as there is up or down in the market bond moves in the same direction as the stock exchange market moves.

The most advantageous condition of the prize bond is that its money and terms and conditions do not alter throughout the scheme. There is no limit to prize bond purchasing; anybody can purchase any denomination of the bond, and as many as he wants.

There is no refund of the bond. The holder has to keep it safe and sound with him. In case of a bond stolen, the State Bank of Pakistan or the National Saving Centre is not responsible. A person gets the amount of the bond that has the original bond. So prize bonds are like cash in hands.

Prize Bond Results:

When the results of the prize bond are declared, the winning client is informed through the communication media. He can be contacted through mobile or mailing address. The results of the prize bond can be easily searched from the web or the specific application of the National Serving Centre.

If a person fails to respond at that time, then he/she can contact the bank within six years from the lucky draw date to claim the reward. After the lucky draw bank takes 3-4 days for the completion of necessary actions. When necessary actions are completed, the bank issues the amount to the winners.

The prize bonds of lower prices are valuable for the public as there is no significant loss on their investment. The prize bond of Rs 200 has great importance among the public because it is easily affordable. The facility of prize bond sale is also present in banks. When a person needs an amount, he can sell the bond at the full price and get the money refund.