claim of prize bond Claim of Payment of Prize Money up to Rs. 500,000 - NationalPrizeBonds CLAIM Understanding the Prize Bond Claim Process

Prize BondHelpline number Winning a prize bond can be an exhilarating experience, but knowing how to claim your winnings is essential. Whether you've invested in National Prize Bonds, Premium Prize Bonds (Registered), or other variations, this guide will walk you through the process, ensuring you can successfully claim your prize money.

The claim of prize bond procedures can vary slightly depending on the issuing authority and the specific type of prize bond. However, several common steps and requirements are generally applicable across the board. It's important to note that prize money can typically be claimed within six years from the date of the relevant draw.佛历2561年5月18日—1.Prizemoney upto Rs 1250/- can be claimed National Savings Center, branches of authorized scheduled banks or branches of State Bank of Pakistan.

Key Requirements for Claiming Prize Money

To successfully claim your prize bond winnings, you will generally need to provide the following:

* Winning Bond: The original, winning prize bond itself is the most crucial document.You need to fill out a claim form, attach photocopies of your national identity card, prize bond, and a signed receipt to the claim form. The original prize ... Ensure it is in good condition and clearly legible.

* Proof of Identity: A valid identification document is mandatory. This typically includes a CNIC (Computerized National Identity Card) or an equivalent national identity card. For certain claims, you may need to present your original winning bond along with a photocopy of your valid CNIC.

* Claim Form: You will need to fill out a claim form. This form is often referred to as a Prize Money Claim Application Form (PB-23) or a similar designation depending on the issuing authority. This form requires you to declare that the prize bond presented for prize money claim is genuine.

Where to Claim Your Prize Bond Winnings

The location where you can claim your prize bond winnings depends on the value of the prize and the issuing institution.

* Smaller Prize Amounts: For smaller prize amounts, such as up to Rs.I hereby declare and accept that: 1. The National Prize Bond(s) presented by me for prize money claim is/are “Genuine”. In case the bond(s) is/are found forged ... 1250/-, you can usually claim your prize at National Savings Centres, branches of authorized scheduled banks, or branches of the State Bank of Pakistan (SBP). Some commercial banks also facilitate claims for these amounts. For instance, Bank AL Habib customers can receive Prize Money claims up to PKR 500,000/- of all denomination National Prize Bonds and their face value.Application for Repayment of Prize Bonds

* Larger Prize Amounts: For larger prize amounts, particularly those above Rs. 10,000/-, you may need to directly approach the State Bank of Pakistan (SBP) or its field offices. Forms like the PK State Bank PB-23-A Form are specifically for prizes above a certain threshold and are addressed to the Chief Manager of the State Bank of Pakistan.

* Specific Institutions: Depending on where you purchased your prize bonds, you might need to visit a designated ABL branch or other authorized bank branches.You never need to worry about an unclaimed prize. We'll hold on to it until you get in touch with us. And there's no time limit to make your claim. Some regions may have specific field offices where claims can be lodged on the prescribed claim form.

The Claim Process in Detail

1. Obtain the Claim Form: You can usually fill up an application form available at any bank or post office, or download it from the official website of the issuing authority, such as the State Bank of Pakistan.

2. Complete the Claim Form: Accurately fill in all the required details on the prize bond claim form. This may include your personal information, prize bond details, and bank account information if you wish to have the winnings transferred.

3. Gather Supporting Documents: Attach photocopies of your CNIC and the original winning bond to the completed claim form. Some procedures may also require a signed receiptPrize bond claim form: Fill out & sign online.

4.I hereby declare and accept that: 1. ​ The National Prize Bond(s) presented by me for prize money claim is/are “Genuine”. In case the bond(s) is/are found ... Submit Your Claim: Submit the completed claim form and supporting documents to the appropriate office (e.g., State Bank of Pakistan branch, designated bank, or National Savings Centre)Sign in to Ireland State Savings Online. · Go to 'Profile and Settings' and select Prize Bond Settings. · Enable 'Transfer winnings to my nominated Bank Account ....

5. Verification and Payment: The submitted documents will be verified. The draw process is overseen by a committee, and ensuring the genuineness of the bond(s) is a critical stepThe claim of prize money declared on winning prize bond .... Once verified, the prize money will be disbursed. For Premium Prize Bonds (Registered), the profit on investment is typically credited to the bank account provided by the registered holder on due dates. Some winners now have the option to have their prize money automatically reinvested into new prize bonds for inclusion in future draws, or to claim the cash prize.

Important Considerations

* 6-Year Claim Limit: Remember that prize money should be claimed within six years from the date of the relevant drawAnswer: The claim of prize money declared on winning prize bondcan be lodged at any field office on the prescribed claim form, which is available..

* Genuineness: You will often be required to declare that the presented prize bond(s) are "Genuine." In the event that the bond(s) are found to be forged, there can be repercussions.

* Bank AL Habib: As an example, Bank AL Habib customers can receive Prize Money claims up to PKR 500,000/- for all denominations of National Prize Bonds, along with their face valueI hereby declare and accept that: 1. ​ The National Prize Bond(s) presented by me for prize money claim is/are “Genuine”. In case the bond(s) is/are found ....

* Ireland State Savings: For those in Ireland, the process may involve signing into Ireland State Savings Online, going to 'Profile and Settings,' and selecting Prize Bond Settings to enable 'Transfer winnings to my nominated Bank Account.'

* No Time Limit (in some cases): While a six-year limit is common, some schemes, like certain unclaimed prize bonds managed by specific authorities (e.g., National Savings and Investments), may state there is no time limit to make your claim, and they will hold onto it until you get in touchApplication for Repayment of Prize Bonds. However, it's always best to claim your winnings as soon as possible.

* Prize Bond Value: It's worth noting that you can claim the face value of National Prize Bonds as well as the prize money.What is Sovereign Gold Bond (SGB)

By understanding these guidelines and preparing the necessary documentation, you can