They are available in various denominations, such as Rs. 100, Rs. 200, Rs. 750, Rs. 1,500, 25,000, and Rs. 40,000.

Prize bond draws in Pakistan are held on a regular basis, usually quarterly, and are conducted by the Central Directorate of National Savings. The draws take place in major cities like Karachi, Lahore, Rawalpindi, Peshawar, and Quetta.

During the prize bond draw, several prizes are awarded, including a grand prize called the “first prize” and several smaller prizes called “second”, “third”, and so on. The prize amounts vary depending on the denomination of the prize bond.

Winners of the prize bond draw can claim their prizes by submitting their prize bond along with the required identification documents to the National Savings Centers or designated banks within a specified time frame.

It’s important to note that prize bond draws are based on a random selection process, and winning a prize is purely a matter of chance. The prize bond scheme is regulated by the government to ensure transparency and fairness.