How to Exchange Prize Bonds of Rs7500 and Rs15000?

How to Exchange Prize Bonds of Rs7500 and Rs15000? Some Useful Tips to Exchange.

Govt has introduced three ways to exchange Prize Bonds Of Rs7500 and Rs15000.

1. Exchange with National Saving Certificates.

Prize Bonds Of Rs7500 and Rs15000 can be exchanged with a Special Saving Certificate and Defence Saving Certificate of the National Saving Centre. 2– Exchange with Premium Prize Bonds.

Prize Bonds Of Rs7500 and Rs15000 can be exchanged with Premium Prize Bonds of Rs25000 and Rs40,000.

Yet no Premium Bonds of the same denomination of Prize Bonds Of Rs7500 and Rs15000 have been issued that’s why it has been asked to exchange these bonds to exchange with Rs25000 and Rs40,000 Bonds.

3– Deposit into Bank Account.

You can deposit your Prize Bonds Of Rs7500 and Rs15000 into any commercial bank checking accounts and your bank will collect these bonds from State Bank, National Saving, National Bank of Pakistan, Habib Bank Ltd, United Bank Ltd, Muslim Commercial Bank, Allied Bank Ltd, and Bank AL Falah ltd.

The best service among all these 6 commercial banks is of Bank AL Falah ltd.

Mostly these banks refuse to do a collection of your bonds as they avoid it because they don’t want to increase their workload as they are already overburdened.

It’s not a suitable time to go to branches and ask for Prize Bonds Of Rs7500 and Rs15000 exchange.

It’s due to the short Ramzan Timing of Banks due to Ramzan and Covid-19 prevailing situation in the country.

Hence if you have with you Prize Bonds of Rs7500 and Rs15000 then wait patiently for a bit while and don’t rush towards branches.

This will only increase the crowd in the branches and Corona SOP’s following will be very difficult for branch staff and the general public.

Govt must ensure the provision of stock of Premium Prize Bonds in the authorized bank’s branches so that people don’t feel any difficulty in exchanging their bonds with Premium ones.

 

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