Prize Bonds are like special lottery tickets issued by the central bank, and the upcoming draw is for 1,500 prize Bond. These bonds don’t earn interest but are part of a regulated system by the State Bank of Pakistan. Winners are chosen every quarter through lucky draws conducted by the National Savings.

When people buy Prize Bonds, it’s like lending money to the government or, in this case, the State Bank of Pakistan. The schedule for these prize draws is announced by National Savings, happening approximately every three months.

1500 Prize Bond Draw

This month, the draw for the Rs1500 prize bond (Lucky Draw No. 97) will take place on Thursday, February 15, 2024, in Lahore.

1500 Prize Bond Winning Amount

The Pakistan government said they would introduce ‘Digital Prize Bonds’ last year, available in Rs1,000, offering a top prize of Rs40 lakh. For Rs500, Rs5,000, and Rs10,000 denominations, the highest prize amounts are set at Rs20 lakh, Rs40 million, and Rs40 million respectively.