Lahore: The government has decided to extend the deadline announced for the encashment/conversion/redemption of National Prize Bonds (NPBs) yet again, according to news published on October 26.
As per the notice issued by the finance division, the new deadline for the conversion/redemption/encashment of NPBs of PKR 7,500, PKR 25,000 and PKR 40,000 denominations is June 30, 2023. As per the circular issued by the State Bank of Pakistan (SBP), commercial banks will be accepting requests for the aforementioned NPBs from the general public till the end of June next year.
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.
Moreover, the banks are advised to submit branch/region-wise consolidated data of the NPBs held by them on the new deadline, or latest by July 04, 2023. It is pertinent to mention that the prize bonds of the cited denominations have been withdrawn from circulation in a bid to support the documentation of the national economy.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
