Govt launches ‘Digital Prize Bonds’ with Rs4 million prize money

The federal government has made a decision to launch Rs1,000 prize bonds through the Digital Prize Bonds program.

Initially, Rs1,000 prize bonds will be introduced. These bonds will be available in the form of scripless bonds, ushering in a new era of convenient and secure investment. Moreover, the government plans to roll out additional denominations in the near future, including Rs500, Rs5,000, and Rs10,000 options, offering a range of investment opportunities to suit different preferences.

According to reports, the National Savings organization will issue digital prize bonds as part of their effort to reduce paper usage. Buyers can access these bonds through the “Digital Prize Bond Gateway,” an online platform accessible via a dedicated application.

Draws for the Digital Prize Bonds will take place on a quarterly basis or as determined by the Finance Division.

Bonds denominations and prize money;