The Rs. 100 prize bond is the cheapest prize bond in Pakistan. It is issued by the Government of Pakistan through the Central Directorate of National Savings (CDNS) and the State Bank of Pakistan (SBP).
People buy it because it is very cheap and gives a chance to win big money in lucky draws.
What is a Prize Bond?
A prize bond is a kind of saving certificate. You buy it at face value (here Rs. 100), keep it safe, and your bond number goes into a lucky draw.
If your number is picked, you win a cash prize. If it is not picked, you still have your bond and can use it later or cash it at face value.
So, your money is always safe.
Main Features of Rs. 100 Bond
- Draws happen four times a year (every three months).
- Prize amounts are:
- 1st prize: Rs. 700,000 (1 winner)
- 2nd prize: Rs. 200,000 (3 winners)
- 3rd prize: Rs. 1,000 (1,199 winners approx.)
- It is a bearer bond — whoever has the bond can claim the prize.
- You can buy it from National Savings Centers or authorized banks.
Why People Buy Rs. 100 Bonds
- Very cheap: Anyone can buy it.
- Chance to win big money: Even with only Rs. 100, the top prize is Rs. 700,000.
- Safe investment: Your Rs. 100 is safe and can be cashed anytime.
- Fun and hope: It is exciting to wait for the draw.
How to Check the Result
After the draw, the winning numbers are published:
- On the National Savings website
- On websites like PrizeBond.net or HamariWeb
- In newspapers
You just check your bond number with the winning numbers.
How to Claim Your Prize
If your number wins:
- Go to the State Bank or National Savings Center.
- Show your original bond and ID card (CNIC).
- Fill out a claim form.
Tax is deducted before payment: 15% for filers and 30% for non-filers.
Things to Remember
- Winning is not guaranteed. Many bonds will not win.
- Keep your bond safe. Whoever has it can claim the prize.
- You can always cash the bond for Rs. 100.
- Check the draw dates regularly.
Is Rs. 100 Bond a Good Choice?
Yes! It is perfect for beginners, students, and small savers. You can buy it without spending much money and still get a chance to win big prizes.
But, if you want regular income or high returns, you might prefer bigger bonds like Rs. 750 or Rs. 1,500.
Conclusion
The Rs. 100 prize bond is a simple and safe way to save money. You pay Rs. 100, keep the bond, and hope your number wins in the draw. Even if you don’t win, your money is safe.
It is a fun and easy way to start saving and trying your luck in Pakistan’s prize bond system.
