Islamabad: The government has extended the date for the encashment/conversion/redemption of National Prize Bonds (NPBs) up to June 30, 2023.

The procedure for encashment/conversion/redemption of Rs. 40,000, Rs. 25,000, Rs. 15,000, and Rs. 7,500 denomination National Prize Bonds issued in accordance with the above-mentioned Notification will be followed.

Moreover, the State Bank of Pakistan (SBP) has directed commercial banks to accept requests from the general public for encashment/conversion/redemption of the aforementioned denominations until June 30, 2023.

Prize bond Encashment Date Extended

According to the notification, banks must submit branch/region-wise consolidated data of cited denomination NPBs held by them on the last date, June 30, 2023, no later than July 4, 2023.

The last date for
encashment/conversion/redemption of National Prize Bonds of Rs.7,500,Rs.15,000,Rs.25,000 & Rs.40,000 denomination is
extended upto 30th June, 2023.The procedure of encashment/conversion/redemption shall remain the same.

— National Savings (@savingsgovpk) October 25, 2022