Government discontinues Rs25,000 prize bonds
You can cash yours by May 31, 2021 SAMAA | Bilal Hussain - Posted: Dec 10, 2020 | Last Updated: 4 months ago SAMAA | Bilal Hussain Posted: Dec 10, 2020 | Last Updated: 4 months ago
The government has discontinued the Rs25,000 denomination prize bonds with immediate effect. It will no longer issue these bonds while those in possession can be cashed or replaced with other bonds by May 31, 2021.
If you currently have this particular bond, you have till May 2021 to avail one of three choices. You can cash it any time, convert it into either a Special Savings Certificate or Defence Savings Certificate or convert it into a Premium Prize Bond.