Prize Bond Rs. 7500 - Results and, Draw Results, Schedule Dates and News

Rs. 7500 Prize Bond

A prize bond is a lottery bond granted by the National Savings Pakistan. It is a kind of security investment done without premium or profit. They are in the form of different denominations like Rs 100, 200, 750, 1500, 7500, 15000, 25000, and 40,000. They are also available in the form of 40,0000 premium bonds.

The concept of prize bond started in 1960 in Pakistan by the Central Bank. These prize bonds have helped the government to increase its cash flow over the years. The government has generated approximately 130 billion Rupees through the prize bond scheme.

Premium bonds are also a kind of investment security granted by the National Savings and Investment.  They are a kind of saving account where you deposit your money. The monthly prize bonds draw are decided upon the interest payment. The prize bond draw works in a way where the more bonds you buy, the higher the chances of winning.

Prize bonds come under the Public Debt Act 1944 and are used for offering winning prizes. The prize bond schemes are an excellent opportunity for the people by the government to invest their money. It is risk-free as the government itself regulates it. The chances of winning a prize bond are higher if you purchase the bonds in serial numbers instead of random numbers.

Here, in this article, we will discuss in detail about the prize bond of Rs. 7500.

Draws and Prizes:

The Rs. 7500 prize bond draws are held quarterly every second or the first working day of the month. It is also held during the middle of the month. The prize bond draw takes place in different cities of Pakistan. They are regulated by the committee appointed by the Central Directorate of National Savings, which is open to the public.

The prize bonds have different prizes in the form of different denominations. The people can purchase the prize bond of Rs. 7500 60 days before the draw announcement date.

The lucky draw according to the prize bond schedule is held in the major cities of Pakistan according to the popular draw system. At first, there used to be 24 lucky draws in total, but with the increase in the number of investors, the draws have increased to 36 per year.

The dates for the draw vary according to the amount of the bond. A Rs 7500 prize bond draw is held every 3 months by the State Bank of Pakistan. The Rs 7500 prize bond holds three different prizes. The 1st prize for the first lucky winner is in the amount of Rs. 15,000,000. The 2nd prize for the 7500 prize bond of the amount Rs 5,000,000 is awarded to 3 lucky winners. The 3rd prize is given to 1696 lucky winners for the amount of Rs. 93000 each.

The prize from the prize bond draw can be claimed in the next 6 years. The winner presents its national identity card and is given their prize in 3-4 days by the National Saving Centre or the State Bank of Pakistan.

With the advancement of technology, the prize bond checking process has become relatively easier. Anyone can check it online by selecting the desired amount. You have to enter the prize bond number, select a series search, and submit it. The result for the required prize bond can be seen online instantly.

Dates:

The prize bonds are drawn quarterly every year. The Rs 7500 prize bond draw takes place in the first week of November then later in the first week of February. After that, it takes place in the first week of May and August.

Trend:

The trend of the prize bond purchasing changes every year.  The investment in the 7500 prize bond has been steadily increasing. The yearly investment in the prize bond increased by approximately 58 percent from 2013-2018 and is still growing. People are buying the Rs. 7500 prize bond because the winnings have a higher multiple as compared to subsequent bonds. It allows people to get more return from Rs. 7500 prize bond as compared to other bonds.

This prize bond is popular amongst the people because it’s a safe and steady investment. It offers maximum prizes with different winning positions as compared to other prize bonds. The prize bond after Rss 7500 is a Rs. 15000 prize bond, which carries greater rewards but is costly for some people to invest. The Rs 7500 prize bond is convenient for the middle-class people to invest easily with a chance to achieve greater returns.

Conclusion:

To conclude, prize bonds are a great way for people to start investing. With the different prize bonds available, all classes of people, including the middle-class and the rich-class, can begin to invest. However, Rs. 7500 prize bond is a wise choice for investment as it offers maximum prize rewards with 3 different prizes. It is risk-free for the people as the government of Pakistan regulates it.