Rs.7500 Prize Bond Draw Result 2024
The Rs.7500 prize bond is part of Pakistan’s National Savings Scheme, a government-regulated lottery bond system offering risk-free investment opportunities. This bond, like others in the series, provides a unique combination of saving and the chance to win substantial cash prizes.
What is a Prize Bond?
A prize bond is a financial instrument introduced by the Central Bank of Pakistan in 1960 to encourage public investment and boost government cash flow. Available in various denominations—ranging from Rs. 100 to Rs. 40,000—the prize bond system has grown significantly over the decades, raising billions of rupees. These bonds offer no fixed return but instead provide opportunities to win prizes through regular draws.
Winning Amount of Rs. 7500 Prize Bond
Draw Schedule: Draws for the Rs. 7500 bond are held quarterly, often during the first or second working day of February, May, August, and November. The events rotate among major cities and are conducted publicly under the supervision of the Central Directorate of National Savings.
Prizes Rs. 7500 Prize Bond
- First Prize: Rs. 15,000,000 (awarded to one winner)
- Second Prize: Rs. 5,000,000 (shared by three winners)
- Third Prize: Rs. 93,000 (distributed among 1,696 winners)
Claim Process: Winners can claim their prize within six years of the draw by presenting their National Identity Card at designated National Savings Centres or the State Bank of Pakistan. The prize is processed within 3-4 working days.
Investment Benefits
- Accessibility: With its moderate cost, the Rs. 7500 bond is an attractive option for middle-class investors seeking steady and secure investment opportunities.
- Risk-Free: As a government-backed scheme, prize bonds carry no financial risk.
- Winning Odds: Purchasing bonds in consecutive serial numbers increases the likelihood of winning.
Checking Results
Thanks to technological advancements, prize bond results can now be checked online. Investors simply input their bond number into the online system to instantly verify if they’ve won.
Popularity and Trends
The Rs. 7500 prize bond remains a popular choice, particularly among middle-income investors. Its higher prize multiples make it a preferred investment compared to lower denominations, while its affordability appeals to a broader audience than the higher-value Rs. 15,000 or Rs. 40,000 bonds. Over the years, the investment in prize bonds has seen a consistent upward trend, reflecting public confidence in the scheme.