Pakistan’s Rs.25,000 and Rs.40,000 Premium Prize Bonds are registered instruments, not ordinary bearer Prize Bonds. The investor’s ownership is recorded, prize money and biannual profit are credited to the registered bank account, and an official process exists for transfer, pledge and lost bonds. National Savings currently offers both denominations to adult Pakistani citizens and Overseas Pakistanis.
That registered structure is the main reason these bonds should not be confused with the old bearer Rs.25,000 and Rs.40,000 Prize Bonds, which were withdrawn from circulation. The currently active products are specifically Premium Prize Bonds (Registered).
Rs.25,000 vs Rs.40,000 Premium Prize Bonds
| Feature | Rs.25,000 Premium | Rs.40,000 Premium |
|---|---|---|
| Face value | Rs.25,000 | Rs.40,000 |
| Type | Registered Premium Prize Bond | Registered Premium Prize Bond |
| Ownership | Recorded in investor’s name | Recorded in investor’s name |
| Draw frequency | Quarterly | Quarterly |
| First Prize | 2 prizes of Rs.30,000,000 per series | 1 prize of Rs.80,000,000 per series |
| Second Prize | 5 prizes of Rs.10,000,000 per series | 3 prizes of Rs.30,000,000 per series |
| Third Prize | 700 prizes of Rs.300,000 per series | 660 prizes of Rs.500,000 per series |
| Total prize numbers | 707 per series | 664 per series |
| Profit | Biannual | Biannual |
| Current notified profit rate | 2.92% per six-month period | 2.92% per six-month period |
| Purchase | SBP BSC and authorized commercial banks | SBP BSC and authorized commercial banks |
| Prize credit | Direct to registered bank account | Direct to registered bank account |
| Profit credit | Direct to registered bank account | Direct to registered bank account |
| Transfer | Permitted under prescribed procedure | Permitted under prescribed procedure |
| Pledge | Permitted | Permitted |
| Zakat | Exempt at source under current scheme information | Exempt at source under current scheme information |
The official Premium Prize Bond schedule lists 2 + 5 + 700 prizes for Rs.25,000 and 1 + 3 + 660 prizes for Rs.40,000 on each series. When several series are in circulation, the common winning numbers apply across those series, so the actual number of prize payments in a draw can be higher than 707 or 664. For example, an official 2026 Rs.25,000 draw operated across three series.
How Premium Prize Bonds Work
A Premium Prize Bond combines two features in one registered product.
First, it participates in quarterly Prize Bond draws. Second, the registered holder earns a biannual profit payment after completing the applicable six-month period. National Savings also states that there is currently no upper limit on investment or tenure under the scheme.
Unlike an ordinary Rs.100 or Rs.1,500 bearer bond, ownership does not depend simply on who physically holds the paper. The Premium Prize Bond is registered against the investor’s identity and bank-account information.
That changes what happens when the bond wins. The holder does not normally take the physical bond to submit a standard prize-money claim form. National Savings states that both prize money and profit are credited directly to the investor’s registered bank account.
Who Can Buy Premium Prize Bonds?
National Savings currently lists the eligible buyers as:
- adult Pakistani citizens; and
- Overseas Pakistanis.
Because the investment is registered, the purchase process requires more documentation than an ordinary bearer Prize Bond.
National Savings currently asks for:
- copy of CNIC;
- Account Maintenance Certificate containing account title, IBAN, account status, bank and branch;
- tax certificate in the case of a filer; and
- nominee CNIC details.
The bank account matters because future prize and profit payments use those registered details.
How to Purchase a Premium Prize Bond
Both denominations can currently be purchased from SBP Banking Services Corporation offices and authorized commercial-bank branches. National Savings lists cash, cheque, pay order and bank draft as permitted purchase methods.
The commercial-bank channel is still active. SBP issued updated instructions on 6 August 2026 for the issuance of Premium Prize Bonds through authorized commercial banks, including same-day settlement requirements for bank sales.
A practical purchase sequence is:
- Decide whether you want the Rs.25,000 or Rs.40,000 denomination.
- Confirm that the bank branch you plan to visit is authorized for Premium Prize Bond transactions.
- Take your CNIC and bank-account documentation.
- Provide your nominee information.
- Complete the current official purchase application.
- Pay through one of the accepted payment methods.
- Keep the registration and transaction documents safely.
For more detail on the purchase process, use the Saving.com.pk page Where and How to Buy Prize Bonds in Pakistan at /how-to-buy-prize-bonds/.
Prize Structure of Rs.25,000 Premium Prize Bond
The Rs.25,000 Premium Prize Bond currently has the following official prize structure per series:
| Prize Tier | Number of Prizes | Prize Amount |
|---|---|---|
| First Prize | 2 | Rs.30,000,000 each |
| Second Prize | 5 | Rs.10,000,000 each |
| Third Prize | 700 | Rs.300,000 each |
| Total | 707 | — |
The current draw documents continue to use this structure. An official 2026 Rs.25,000 draw, for example, listed two common First Prize numbers, five Second Prize numbers and 700 Third Prize numbers per series.
Saving.com.pk readers can follow the current and historical results through the Rs.25,000 Premium Prize Bond page at /rs-25000/.
Prize Structure of Rs.40,000 Premium Prize Bond
The Rs.40,000 Premium Prize Bond has a larger top prize:
| Prize Tier | Number of Prizes | Prize Amount |
|---|---|---|
| First Prize | 1 | Rs.80,000,000 |
| Second Prize | 3 | Rs.30,000,000 each |
| Third Prize | 660 | Rs.500,000 each |
| Total | 664 | — |
The Finance Division’s official prize schedule gives the same Rs.80 million, Rs.30 million and Rs.500,000 structure.
Current and previous results can be organized on Saving.com.pk under /rs-40000/.
How Premium Prize Bond Profit Is Paid
Premium Prize Bonds also earn profit after each completed six-month period.
There are two different ways you may see the current rate written on official National Savings pages:
- 2.92% biannual
- 5.84%
The more precise current Finance Division notification, published through SBP, sets the rate at 2.92% for each biannual profit period for Premium Prize Bonds issued from 10 March 2025, applying to profit payments due after 9 September 2025, until further notification.
National Savings’ products page displays 5.84%, which corresponds to two 2.92% six-month periods on a simple annual basis. For a page discussing the actual payment cycle, I would use 2.92% biannual and mention 5.84% only as the annualized presentation shown elsewhere on the National Savings site.
Example
If the applicable biannual rate is 2.92%, the gross six-month profit on one Rs.40,000 bond would be:
Rs.40,000 × 2.92% = Rs.1,168
For one Rs.25,000 bond:
Rs.25,000 × 2.92% = Rs.730
These are gross examples before applicable withholding tax.
The profit rate is set by government notification and can change, so a static rate should always be checked against the latest official notification before relying on it.
Prize Bond Tax
National Savings currently states that withholding tax applies to both Premium Prize Bond profit and prize money.
Its current Premium Prize Bond FAQ gives these rates:
- 15% for persons appearing on the Active Taxpayers List (ATL)
- 30% for non-filers / persons not appearing on ATL
Example of prize-money tax
Suppose an ATL filer wins a Rs.10,000,000 Second Prize on an Rs.25,000 Premium Prize Bond.
At 15% withholding:
Tax = Rs.1,500,000
Amount after that withholding:
Rs.8,500,000
For a non-filer at 30%:
Tax = Rs.3,000,000
Amount after that withholding:
Rs.7,000,000
These examples show the current withholding calculation only. For a dedicated explanation, see Saving.com.pk’s /prize-bond-tax/ page.
How Winning Amounts Are Credited
One of the most useful differences between a Premium Prize Bond and a bearer Prize Bond is what happens after a win.
You do not normally need to discover a First or Second Prize win and then submit the ordinary bearer-bond claim application. National Savings states that no application form is required for claiming Premium Prize Bond prize money, because the amount is credited directly to the investor’s registered bank account. The same direct-credit mechanism applies to profit.
This makes accurate bank information important.
If an official payment is returned because the registered account cannot receive it, the scheme rules provide for an unclaimed amount to be claimed through the issuing office within the applicable period. The rules state that returned prize or profit amounts can be claimed within six years from the date they became due.
How Long Must a Premium Bond Be Held Before a Draw?
The official SBP Premium Prize Bond FAQ gives a two-month minimum holding/retention period for both Rs.25,000 and Rs.40,000 Premium Prize Bonds to qualify for the forthcoming draw.
In practical terms, buying a Premium Prize Bond immediately before a scheduled draw does not make it eligible for that draw.
Check the relevant dates on Saving.com.pk’s /draw-schedule/ page before planning around a particular draw.
Can Premium Prize Bonds Be Transferred?
Yes.
National Savings describes Premium Prize Bonds as transferable and pledge-able, and the registered scheme rules specifically allow a holder to transfer ownership to another person using the prescribed process.
SBP’s current forms page also lists a combined:
Application for Purchase/Encashment/Transfer of Premium Prize Bond.
That is very different from handing an ordinary bearer Prize Bond to another person. Because the Premium bond is registered, a proper ownership transfer should go through the official procedure so the government record, bank details and future payments correspond to the new holder.
What Happens If a Registered Premium Prize Bond Is Lost?
A lost Premium Prize Bond is also handled differently from a lost bearer bond.
With an ordinary bearer Prize Bond, the physical holder is crucial because the instrument itself establishes possession. Premium Prize Bonds, however, have an official ownership record.
SBP currently publishes PPB-7 — Application for Lost PPB for Individual (Single/Jointly) Investors on its Premium Prize Bond forms page.
If a registered Premium Prize Bond is lost, use the current SBP procedure rather than relying on an informal affidavit or attempting to treat it like a lost bearer bond. Obtain the current PPB-7 form and follow the supporting-document instructions given by SBP BSC.
That registered record is an important practical advantage of Premium Prize Bonds.
Premium Prize Bonds vs Bearer Prize Bonds
| Point | Premium Prize Bond | Ordinary Bearer Prize Bond |
|---|---|---|
| Current denominations | Rs.25,000 and Rs.40,000 | Rs.100, Rs.200, Rs.750, Rs.1,500 |
| Ownership | Registered | Holder of physical instrument |
| Bank account | Integral to registration/payment | Not the ownership record |
| Prize claim | Normally automatic bank credit | Winning bond must be claimed |
| Profit | Yes, biannual | No regular profit |
| Transfer | Official registered transfer procedure | Physical possession is central |
| Lost bond | Official PPB lost-bond process exists | Loss is much more problematic |
| Draws | Quarterly | According to annual denomination schedule |
This distinction also prevents a common historical mistake.
The current Rs.25,000 and Rs.40,000 Premium Prize Bonds are not continuations of the old bearer Rs.25,000 and Rs.40,000 bonds. SBP’s National Prize Bond notices separately record the withdrawal of those old bearer denominations.
Which Premium Prize Bond Should You Choose?
The factual difference is straightforward.
The Rs.25,000 denomination requires a smaller amount per bond and has a top prize of Rs.30 million. The Rs.40,000 denomination has a higher face value and a top prize of Rs.80 million. Both are registered, both currently use the same biannual profit-rate framework, and both participate in quarterly draws.
There is no official basis for saying that one is a “better” choice for an individual. That depends on a person’s own financial circumstances, and Saving.com.pk does not provide individualized investment advice.
For draw-specific information, use:
- Rs.25,000 Premium results →
/rs-25000/ - Rs.40,000 Premium results →
/rs-40000/ - upcoming draw dates →
/draw-schedule/ - buying procedure →
/how-to-buy-prize-bonds/
Saving.com.pk is an independent Prize Bond information website. It is not operated by National Savings, SBP BSC or the Government of Pakistan. Current government notifications should be used for final confirmation of profit rates, transaction rules and payment procedures.
FAQs
Are Rs.25,000 and Rs.40,000 Premium Prize Bonds still active?
Yes. National Savings currently lists both Rs.25,000 Premium Prize Bond (Registered) and Rs.40,000 Premium Prize Bond (Registered) among the active Prize Bond denominations.
What is the current profit rate on Premium Prize Bonds?
The current Finance Division notification sets the biannual rate at 2.92% for the covered Premium Prize Bonds, effective for relevant payments after 9 September 2025 until further notification. National Savings also displays 5.84% on its product page, representing the two six-month periods on a simple annual basis.
How many times a year are Premium Prize Bond draws held?
Four times a year. National Savings and SBP describe the draws as quarterly.
Do I need to submit a claim form when my Premium Prize Bond wins?
Normally, no. National Savings states that Premium Prize Bond prize money is directly credited to the investor’s registered bank account, so the ordinary Prize Bond claim form is not required.
Can I transfer my Premium Prize Bond to another person?
Yes, through the prescribed registered-transfer procedure. SBP currently provides an application specifically covering purchase, encashment and transfer of Premium Prize Bonds.
Can a lost Premium Prize Bond be reported?
Yes. SBP’s current Premium Prize Bond forms page lists PPB-7 Application for Lost PPB for individual and joint investors. That is an important distinction from ordinary bearer bonds.
Is Zakat deducted from Premium Prize Bonds?
National Savings currently describes Premium Prize Bonds as exempt from Zakat, while withholding tax applies to profit and prize money.