On 16th October 2023, Muzaffarabad City hosted the balloting for Lucky Draw No. 96 of the Rs. 750 Prize Bond. The National Bank of Pakistan has released the complete denomination list of all the draws to-date on its official website, Brandedpk.com, so you can check those out as well. Additionally, you can see the 750 prize bond list results of 16 October 2023 as per schedule, right on the NBP website.

It’s incredible to note that 1 lucky winner will be awarded the first prize of Rs. 1,500,000, while three other lucky winners will be awarded the second prize of Rs. 500,000! If you weren’t lucky enough to bag one of those, then there’s still the third prize of Rs. 9,300, which will be awarded to 1696 winners. Don’t miss out on checking if you’re one of those lucky individuals!

Prize Bond Rs.750 Muzaffarabad Draw No 96 List Result 16 October 2023

Prize Bond Rs.750 Muzaffarabad Draw No 96List Result 16 October 2023
First PrizeRs.1,500,000
Second PrizeRs.500,000
3rd for 1696 PrizesRs. 9300
Held CityAt Muzaffarabad
Held Date16 October 2023
Draw DayMonday
Announcing Time10:00AM to 6:00PM
Draw no96th
Tax applies25% Govt Tax

This article is a compilation of the results for the 96th draw of the prize bond worth Rs.750 in Muzaffarabad, held on October 16, 2023.

Prize Details

The following prizes were awarded for this draw:

Location and Date of Draw

The draw was held in Muzaffarabad on Monday, October 16, 2023.

Announcing Time

The results were announced between 10:00AM to 6:00PM on the same day of the draw.

Tax Information

Please note that a 25% government tax applies to all prize winnings.

We hope this document provides you with all the necessary information regarding the results of the 96th draw for Rs.750 prize bond in Muzaffarabad. Congratulations to all the winners and best of luck for future draws! Happy investing in prize bonds. Thank you for choosing our services. Don’t forget to check back for future draw results.

Prize Bond Serial Numbers

Each prize bond has a unique serial number that identifies it and makes it eligible for participating in the prize draws. The serial numbers for the Prize Bond Rs.750 Muzaffarabad Draw No 96 range from 000001 to 999999, with each series containing one million bonds.

Winners of the Prize Bond Rs.750 Muzaffarabad Draw No 96

The lucky winners of this draw will be announced on October 16, 2023. The first prize winner will receive a cash prize of Rs.1,500,000 while the second prize winner will receive Rs.500,000. There are also 1696 third prize winners who will each receive a cash prize of Rs.9,300.

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The 96th draw of the Rs. 750 prize bond was held in Muzaffarabad, a beautiful city situated in the Kashmir region of Pakistan. This draw took place on October 16, 2023, and was eagerly awaited by thousands of people who had invested their money in this bond.

The Rs. 750 prize bond is one of the most popular prize bonds in Pakistan, due to its affordable price and exciting prizes. It was first introduced by the Government of Pakistan in 1960 and has since then been held regularly every three months. The objective behind the introduction of these bonds was to encourage people to save their money while also giving them a chance to win big prizes.

Prize Bond Rs.750 Total Tax in Pakistan Tax Deduction

PrizesTax Deduction RulesTotal PrizeGovt Tax RateAfter Tax Deduction Received Amount
First25%Rs.1,500,000Rs. 3,75,000/-Rs. 11, 25000/-
Second25%Rs. 500,000Rs. 1, 2,5000/-Rs. 03, 75,000/-
Third for 1696 Prizes25%Rs. 9300/-Rs. 2325/-Rs. 6975/-

The Mechanics of the Prize Bond Draw

For those unfamiliar with the process, each prize bond has a unique serial number that is entered into a lucky draw. These numbers are then randomly selected and announced during the draw event. The winning numbers are published in a list known as the “Prize Bond Draw List”, which is available to the public. To claim their prize, winners must match their serial number with the winning numbers on the list and present their original prize bond for verification.

Importance of Checking Serial Numbers

It is important to check the serial numbers for the draw, as there have been cases of fraudulent prize bonds in the past. By checking your serial number against the official list of winners, you can ensure that your prize is legitimate and avoid falling victim to any scams.

How to Claim Your Prize

To claim your prize, follow the steps outlined below:

Remember, you should never have to pay to claim a legitimate prize. If someone is asking for payment upfront, it is likely a scam. Be proactive in protecting your personal information during this process.

What is a prize bond?

A prize bond is a type of investment scheme issued by the government of Pakistan. It is a form of bearer investment, which means that it can be transferred from one person to another without any formalities. The prize bond has no interest or profit rates associated with it, instead, the holders are eligible for a periodic draw through which they can win prizes.

The history of Prize Bonds in Pakistan

Prize bonds were first introduced in Pakistan in 1960. The government of Pakistan wanted to introduce a form of investment that would attract people from all income groups, as well as help fund development projects. Since then, prize bonds have become a popular form of investment in the country.

How does the draw work?

In each draw, there are multiple prizes ranging from Rs. 200 to Rs. 80 million. The number of prizes and their respective amounts vary for each draw. The draw is conducted through a computerized system, ensuring transparency and fairness.

What is the significance of this draw?

The Rs. 750 Prize Bond List Draw 96 in Muzaffarabad holds a special significance as it will be held on 16 October 2023, which marks the Kashmir Solidarity Day in Pakistan. This day is observed to show support for the people of Jammu and Kashmir and their struggle for self-determination.

What are the prizes for this draw?

This particular draw will have a total of 1,700 prizes on offer, with a whopping Rs. 15 million prize for one lucky winner. Other prizes include Rs. 5 million for three winners, Rs. 93,000 for 1,696 winners, and Rs. 500 for the remaining 23,784 winners.

How can you check the results?

The results of the draw will be available on the official website of National Savings Pakistan (https://savings.gov.pk/) as well as through various newspapers and media outlets. You can also check the results through SMS by sending your prize bond number to 9960.

Other Benefits of Prize Bonds

Aside from the chance to win cash prizes through regular draws, prize bonds also provide a secure and risk-free investment option. They can be purchased from any National Savings Center or authorized dealer and can be encashed at any time. This makes them a convenient and accessible investment opportunity for individuals of all backgrounds.

Conclusion

The Rs. 750 prize bond draw in Muzaffarabad on 16 October 2023 is an exciting event for bondholders across Pakistan. With the chance to win cash prizes and the security of a government-backed investment, prize bonds are a popular choice for many looking to grow their savings. So why not try your luck and purchase a prize bond for the next draw. You never know, you may just be the next lucky winner!