KARACHI: The State Bank of Pakistan (SBP) has issued a notice regarding the last date for the redemption of National Prize Bonds of Rs 7,500, Rs 15,000, Rs 25,000, and Rs 40,000.
In a reminder message, the central bank said that the final deadline for redeeming, encashing, or converting National Prize Bonds is December 31, 2024.
The SBP’s message confirmed that no applications will be entertained after this date.
The aforementioned bonds can be returned or exchanged at any office of the State Bank of Pakistan Banking Services Corporation, as well as at the branch of any commercial bank, it read.
In an earlier notification used on October 02, the SBP directed all branches to accept requests for encashment, conversion, or redemption of cited denominations from the general public till December 31, 2024.
This is the fourth extension granted by the government after the bonds were withdrawn from circulation in 2021.
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