Can you get duplicate prize bond, if original is stolen: Here’s all you need to know

ISLAMABAD: Prize bonds are considered a popular investment option in Pakistan, offering the opportunity to win substantial cash prizes while earning interest on your investment.

Bonds are bearer instruments, meaning they do not bear the name of the holder, ensuring anonymity, while prize bonds are issued by the Central Directorate of National Savings (CDNS) and come in various denominations, including Rs. 200, 750, 1500, 25000, and 40000.

Can you get a duplicate prize bond?

No, prize bonds are bearer instruments and whoever holds the prize bond is the owner of the bonds and can claim the prize money.

If you are looking for a way to invest your money and have a chance to win big, prize bonds may be a suitable option for you.

How do prize bonds work in Pakistan?

Buying a prize bond is a simple process. You can buy them from authorized banks or savings canters.

Once you buy a bond, it is entered into a monthly drawing where multiple cash prizes are awarded. Prizes range from small amounts to lakhs of rupees.

If you have a prize bond and are concerned about whether you can get a duplicate prize bond, Gadinsider has you covered if the original is stolen.