Rs15,000, Rs7,500 prize bond to be discontinued: notification
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A picture of various government issued prize bonds. Photo: File
Notification says government will no longer hold draws for the Rs 7,500 and Rs 15,000 bond.
Notification says Rs15,000 bonds will no longer be cashable after June 30
Notification says Rs7,500 bonds can only be encashed till December 31.
The government on Thursday announced that it will be discontinuing the use of Rs15,000 and Rs7,500 bonds, according to a notification issued by the federal government.
The notification stated that the government will no longer hold draws for the two bonds.
The government said that Rs 15,000 bonds will no longer be cashable after June 30 and the Rs7,500 bonds can only be encashed till December 31.
Govt announces discontinuation of Rs15,000 and Rs7,500 bonds
Business
Thu, Apr 29, 2021
A notification issued by the federal government on Thursday showed that the Rs15,000 and Rs7,500 bonds will be discontinued.
The notification stated that the government will no longer hold draws for the two bonds.
The government said that Rs 15,000 bonds will no longer be cashable after June 30 and the Rs7,500 bonds can only be encashed till December 31.
The notification stated that people who do not wish to cash the bonds can pay an additional amount and convert them into Rs25,000 and Rs40,000 bonds. It also stated that the users can convert those bonds into special savings and defence saving certificates.
Daily Times
April 28, 2021
The Central Directorate of National Savings (CDNS) has received a free deposit of Rs 670 billion in the last three quarters from July 1, to April 25, in the current fiscal year 2020-21.
The CDNS has set Rs249 billion annual collection target collection from July 1 to June 30 for the year 2020-21 as compared to Rs352 billion for the previous year’s 2019-20 to enhance savings and promote saving culture in the country, a senior official of CDNS told APP here on Tuesday.
The CDNS had set Rs352 billion annual collection target for the year 2019-20 as compared to Rs350 billion for the previous year’s 2018-19, he said.
CDNS achieves Rs 43 bn from new schemes by April 20
Published On 25 April,2021 08:55 am
Senior official of CDNS said National Savings has paid Rs 126 billion to their customers in 4 months
ISLAMABAD (APP) - Central Directorate of National Savings (CDNS) has received an increased investment of Rs 43 billion by April 20 of this Fiscal Years 2020-21 from the registered Premium Prize Bond of Rs 40,000 and Rs 25000 newly introduced by the institution.
In the last one and a half years, investors have withdrawn Rs 380 billion after the suspension of the said bond, the senior official of CDNS told APP here on Sunday.
He said that new registered Premium Prize Bonds of Rs 40,000 and Rs 25000 were registered by State Bank of Pakistan (SBP) and en-cashed only by the registered financial institution under the SBP.
Daily Times
April 25, 2021
Central Directorate of National Savings (CDNS) has received an increased investment of Rs 43 billion by April 20 of this Fiscal Years 2020-21 from the registered Premium Prize Bond of Rs 40,000 and Rs 25000 newly introduced by the institution.
In the last one and a half years, investors have withdrawn Rs 380 billion after the suspension of the said bond, the senior official of CDNS told APP here on Sunday.
He said that new registered Premium Prize Bonds of Rs 40,000 and Rs 25000 were registered by State Bank of Pakistan (SBP) and en-cashed only by the registered financial institution under the SBP. While replying to another question, he informed, “We paid the encashment of Rs 126 billion by April 20 of this month to the investors against the suspension of prize bonds of Rs 25,000. He said the federal government recently suspended the prize bonds of Rs 25,000 and had given a six-month deadline to investors to en-cash their total savings of Rs 160 billi