Rs. 750 Prize Bond Result List Draw 96 Muzaffarabad 16 October 2023

The Rs. 750 Prize Bond Draw No. 96 took place on the 16th of October 2023 in the stunning city of Muzaffarabad. The National Bank of Pakistan has provided all previous denomination lists on their website, so you can easily keep a check on your missed opportunities. However, what’s more exciting is that this time around, one winner will take home an astonishing Rs. 1,500,000! Three other hopefuls will also be lucky enough to bag the second prize of Rs. 500,000 each, while 1696 individuals will be awarded Rs. 9,300 in the third prize. So, be sure to check the 750 prize bond list results for the 16th of October on the NBP website and see if you are one of the lucky ones.

Rs. 750 Prize Bond Result List Draw 96 Muzaffarabad 16 October 2023

Welcome to the draw result of the Rs. 750 prize bond held in Muzaffarabad on October 16, 2023. The draw number for this event is Draw No. 96.

Rs. 750 Prize Bond Result List Draw 96 Winners

A total of 1700 fortunate winners will be announced for this upcoming draw. Among them, the first prize winner will be awarded a generous cash prize of Rs. 1,500,000/-. The winning bond number, which will unlock this incredible reward, is 593831.

The second prize winners will receive a cash prize of Rs. 500,000/- each. The winning bond numbers are:

• 513366
• 827500
• 894418

The Third Prize List

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

The 96th draw of the Rs.750 prize bond held in Muzaffarabad on Monday, 16 October 2023, resulted in a total of 1,696 winners. This draw is held every three months, and the lucky winners are selected through a computerized ballot system.

The first prize for this draw was Rs.1,500,000, which was awarded to one lucky winner. The second prize of Rs.500,000 was given to three winners, while 1696 participants won the third prize of Rs.9,300 each.

This is a significant amount of money, and these prize bonds are a popular investment option in Pakistan. The idea behind prize bonds is to encourage people to save money, as there is always a chance of winning big prizes.

Muzaffarabad, the capital city of Azad Kashmir, was the host for this draw. This beautiful city is located on the banks of the Jhelum River and is known for its scenic beauty. The draw was held at a specific time frame, from 10:00 AM to 6:00 PM, and the results were announced on the same day.

The next draw for the Rs.750 prize bond will be held after three months, giving more people a chance to try their luck. These draws are eagerly awaited by many individuals who have invested in these bonds, hoping to win big prizes.

Prize Bond Rs.750 Total Tax in Pakistan Tax Deduction 2023

In Pakistan, prize bonds are a popular form of investment and the government has set tax rates on prize winnings. For a Prize Bond of Rs.750, the tax deduction rules are as follows:

• For the first prize of Rs.1,500,000, the government deducts a tax at a rate of 25%. This amounts to Rs.3,75,000 in tax, leaving the winner with a total of Rs.11,25,000 after tax deductions.
• The second prize of Rs.500,000 also attracts a tax rate of 25%. This results in a tax deduction of Rs.1,25,000, with the winner receiving Rs.3,75,000 after tax.
• There are 1696 third prizes, each of Rs.9300. A 25% tax is applied to these as well, leading to a deduction of Rs.2325 per prize. Each winner of these prizes is left with Rs.6975 after tax deduction.

These figures represent the net amount received by the winners after the mandatory government tax deduction. It is important to note that this tax rate may vary depending on the prize amount and type of bond. The purpose of these tax deductions is to generate revenue for the government and its various initiatives, while also encouraging a culture of investing in prize bonds among the public. This system has been put in place to ensure transparency and accountability in prize winnings and taxes paid by individuals.

How to Check Your Results

If you have a bond number listed above, congratulations! You can now claim your prize money from any authorized bank or State Bank of Pakistan branch.

For those who did not win this time, you can still check your bond numbers on the official website of National Savings Pakistan. The results will be published in various newspapers as well.

Prize Bond Scheme in Pakistan

Prize bonds are a popular form of investment and savings in Pakistan. They were initially introduced in 1960 by the Government of Pakistan to generate funds for development projects. The scheme works like a lucky draw where people purchase bonds with different denominations and are entered into regular draws.

The prize bond draws are held quarterly in different cities of Pakistan and the winning bond numbers are announced through a transparent process. The prize money is tax-free, making it an attractive option for people from all walks of life.

Conclusion:

To sum up, the 16 October 2023 Prize Bond Rs.750 Muzaffarabad Draw No 96 resulted in three grand prizes, with the first prize standing tall at Rs.1,500,000. After much anticipation, the Muzaffarabad draw held on Monday announced 1696 winners of third prizes each receiving Rs. 9300 as their reward.

All these winners are invited to check and cash their awards from accredited bank or government-backed financial institutions as soon as possible. Many people need financial support so if you or anyone you know cashed a prize in this draw, don’t forget to share your joy and happiness of winning with those who could use your help! With that being said, it’s time to wrap up this blog post by wishing everyone involved the best of luck in future draws. Who knows maybe these few steps might be leading us closer to scooping up that grand prize!