ISLAMABAD: The National Savings Centre has announced the date of holding the 54th draw of the Rs100 prize bond.
As per the information in a press release issued by the concerned authority, the draw will take place on May 15, 2026.
The officials stated that the value of the first prize for the draw of the Rs 100 prize bond would be Rs 700,000 for a single person, while three people would receive the second prize of Rs 200,000 each. Further, several individuals would get the third prize, which would consist of Rs 1,000 each.
They added that the deduction of taxes from the prize money would be made in accordance with the provisions of the laws of the Pakistan government, including 15 percent for registered individuals and 30 percent for unregistered individuals.
The authorities explained that the deduction would be considered the final tax under Section 156 of the Income Tax Ordinance 2001, and it would not be returnable to investors.
Moreover, according to the National Savings Centre, the investment in prize bonds is safe, and it can be converted into cash whenever the holder wants without making any deduction. Prize bonds can be purchased from commercial bank branches and National Savings Centres.
Big news for citizens holding prize bonds worth Rs 1500
Meanwhile, National Savings Centre Sialkot is all set to hold the 106th prize bond draw of Rs 1500 on May 15, 2026.
Prize bonds are considered a popular and safest means of investment in Pakistan, which provide citizens with the opportunity to win big cash prizes while keeping the original amount safe.
In this draw, an amount of Rs 3 million has been fixed for the lucky winner of the first prize, while the candidates who win the second prize will be given a prize of Rs 1 million.
It should be noted that in the draw held in February this year, the first prize was awarded to bond number 429148, while the second prize winners were bond numbers 430347, 591133 and 628300.
Any Pakistani citizen can purchase prize bonds from any State Bank (SBP-BSC) office, branches of designated commercial banks or National Savings Centres along with a copy of their valid identity card.
In case of winning prizes, the lucky ones will be allowed to approach these institutions for their prize money on the prescribed claim form. Officials say that regular holding of prize bond draws is an important link in promoting the trend of saving among the public and making them financially stable.
