If you still have an old Rs.7,500, Rs.15,000, Rs.25,000 or Rs.40,000 bearer Prize Bond, it is important not to confuse it with a current Prize Bond denomination. All four of these bearer denominations were withdrawn from circulation, and after several extensions the Government’s final deadline for their encashment, conversion or redemption was 31 December 2024. SBP BSC instructed participating banks to accept requests only up to that date.
The current Rs.25,000 and Rs.40,000 products are different. They are Premium Prize Bonds (Registered) and remain part of the active Prize Bond system. National Savings currently lists Rs.100, Rs.200, Rs.750, Rs.1,500, Rs.25,000 Premium and Rs.40,000 Premium as the available denominations.
Status of the Withdrawn Prize Bonds
| Denomination | Old Type | Status | Withdrawal / Conversion History | Final Relevant Deadline |
|---|---|---|---|---|
| Rs.7,500 | Bearer National Prize Bond | Withdrawn | Withdrawal notified on 28 April 2021; sale stopped with immediate effect. Later included in repeated conversion/encashment extensions. | 31 December 2024 |
| Rs.15,000 | Bearer National Prize Bond | Withdrawn | Withdrawal notified on 28 April 2021; sale stopped with immediate effect. Later covered by the same extensions. | 31 December 2024 |
| Rs.25,000 | Bearer National Prize Bond | Withdrawn | Withdrawal notified on 9 December 2020; sale stopped immediately. The original encashment deadline was 31 May 2021, then extended several times. | 31 December 2024 |
| Rs.40,000 | Bearer National Prize Bond | Withdrawn | Withdrawn from circulation effective 24 June 2019; later included in the common redemption/conversion extension process. | 31 December 2024 |
The Rs.7,500 and Rs.15,000 withdrawal instructions came through Finance Division notifications dated 28 April 2021, with SBP BSC issuing its circular on 30 April 2021. The Rs.25,000 bearer bond withdrawal followed Finance Division notifications dated 9 December 2020; SBP’s circular initially stated that it would not be encashed or redeemed after 31 May 2021.
SBP records the old Rs.40,000 bearer denomination as withdrawn from circulation effective 24 June 2019.
Why These Prize Bonds Were Withdrawn
The withdrawal was part of the government’s move away from high-denomination bearer instruments and toward registered products.
A bearer Prize Bond is effectively tied to possession of the physical instrument. The Premium Prize Bond system works differently: ownership is registered in the investor’s name, and prize money and profit can be credited directly to the registered bank account. National Savings currently describes the Rs.25,000 and Rs.40,000 Premium bonds as registered products with quarterly draws and biannual profit.
During the withdrawal process, holders were given routes such as encashing the bearer bonds at face value, converting eligible holdings into Premium Prize Bonds, or replacing them with specified National Savings certificates.
What Happened to the Rs.7,500 Prize Bond?
The Government withdrew the Rs.7,500 bearer Prize Bond through a Finance Division notification dated 28 April 2021. SBP BSC then instructed banks that these bonds were no longer to be sold.
The withdrawal did not end with one deadline. Holders were repeatedly given more time to encash or convert their old bonds.
The common deadline moved through several stages:
31 March 2022 → 30 June 2022 → 30 June 2023 → 30 June 2024 → 31 December 2024.
The last of those dates is the important one for today’s reader.
What Happened to the Rs.15,000 Prize Bond?
The Rs.15,000 bearer Prize Bond was withdrawn alongside Rs.7,500 under the April 2021 instructions. New sales stopped with immediate effect, while existing holders were given conversion and redemption options.
It later followed the same extension timetable as the other withdrawn high-value bearer bonds and ultimately reached the final 31 December 2024 deadline.
That means Rs.15,000 should now be treated as a historical denomination, not included in tables presenting current Prize Bonds.
Old Rs.25,000 and Rs.40,000 Bearer Bonds
These two denominations cause the most confusion because Rs.25,000 and Rs.40,000 Prize Bonds still exist today—but in Premium registered form.
The old Rs.25,000 bearer bond was withdrawn under December 2020 instructions. Its initial redemption deadline was 31 May 2021.
The old Rs.40,000 bearer denomination had already been withdrawn from circulation effective 24 June 2019.
Both were subsequently included with Rs.7,500 and Rs.15,000 in the government’s common extension program. By October 2024, SBP confirmed that all four withdrawn denominations had one final deadline: 31 December 2024.
Are Rs.25,000 and Rs.40,000 Still Available?
Yes—but only as Premium Prize Bonds (Registered), not as the old bearer versions.
National Savings currently lists:
- Rs.25,000 Premium Prize Bond (Registered)
- Rs.40,000 Premium Prize Bond (Registered)
among the active denominations.
For current details about registration, prizes, profit and bank-credit arrangements, see Rs.25,000 and Rs.40,000 Premium Prize Bonds.
Old Bearer vs Current Premium Bonds
| Feature | Old Rs.25k / Rs.40k Bearer Bonds | Current Rs.25k / Rs.40k Premium Bonds |
|---|---|---|
| Current status | Withdrawn | Active |
| Ownership | Based on bearer instrument | Registered investor |
| Registration | No | Yes |
| Prize payment | Claim process required | Direct bank credit |
| Profit | No regular profit feature | Biannual profit |
| New purchases | No | Yes, through authorized channels |
National Savings states that current Premium Prize Bonds are registered in the investor’s name, offer quarterly prize draws and biannual profit, and send prize money and profit directly to the investor’s bank account.
For a full list of what is available today, use Current Prize Bond Denominations.
Can Old Results Still Be Checked?
Yes. Historical draw results can still be useful for research and for checking an old Prize Bond number.
Saving.com.pk can continue to keep historical winning lists searchable even though the denomination itself has been withdrawn. You can use the Power Search to look through available historical results.
However, finding an old winning number is not the same as confirming that a bond can still be encashed, redeemed or claimed today. The 31 December 2024 deadline applied to the withdrawn bearer bonds’ encashment/conversion program, while prize-money claims are governed by their own rules and time limits. Any old winning claim should therefore be confirmed directly with National Savings or SBP BSC before taking financial action.
The Important Distinction Today
For current Prize Bond users, the position is simple: Rs.7,500 and Rs.15,000 are discontinued denominations, and the old bearer Rs.25,000 and Rs.40,000 bonds were also withdrawn. The government’s final extension for encashment, conversion or redemption of all four ended on 31 December 2024.
Rs.25,000 and Rs.40,000 still appear in Pakistan’s current Prize Bond system because completely different Premium Prize Bonds (Registered) are active under those face values. Always check whether older information refers to a bearer bond or a Premium registered bond before relying on it.
Saving.com.pk is an independent Prize Bond information website and is not operated by National Savings, SBP BSC or the Government of Pakistan. Official sources should be used for final confirmation of historical redemption and current product rules.