State Bank Announces Final Date for Redemption of National Prize Bonds

Islamabad:The **State Bank of Pakistan** has announced the final date for the redemption of **National Prize Bonds**. According to a notification issued by the bank, the **government of Pakistan** has initiated the process for the redemption of prize bonds with denominations of **40,000**, **25,000**, **15,000**, and **7,500 rupees**.

The last date for the redemption of these bonds is set for **31st December 2024**. Holders of these bonds can redeem them at the **State Bank of Pakistan**, **Banking Services Corporation** offices, or at any branch of a **commercial bank**.

The State Bank has also warned bondholders that **no requests** for redemption will be accepted after the **final date**. Therefore, it is advised that all bondholders take necessary actions and complete the redemption process before the deadline to avoid any inconvenience.

This announcement has urged holders to act promptly, as after the cut-off date, redemption will no longer be possible, marking a crucial step in the closure of this phase of the prize bonds program.