National Savings | Prize Bond, Draw, Results

National Savings

Last Updated on April 16, 2024 by Saddam Hassan Khan

National savings are an important asset to any country, and they are the combination of public and private savings in Pakistan. You can check the national savings draw results. Normally, in economics, this is equal to the amount when national income is subtracted from government purchases and consumption. The prize bond of Pakistan also comes in the subcategory. This is actually a fund that is raised to offset the borrowing of the government, and at the end of maturity, these bonds are refunded to the owners. Some of the important details about the prize bonds and national savings will be discussed in this article.

National Savings Prize Bond

When studying economics, the question of what is national savings arises in the mind of the reader. Another common economic indicator is known as national income or GDP. To analyze the financial and economic conditions of any economy, this indicator is kept in mind. It is normally the combination of investment, consumption, and purchases made by the government. The amount that is spent on government and consumption is subtracted from these, and the final result is national savings. All these are really important pointers for any economy.

What are Prize Bonds?

The National Treasury Management Agency in Pakistan is the main authority for the issuance and governance of prize bonds. This is actually a product that is offered to personal savers. It is part of state savings and places the money directly in the government treasury. The saver can withdraw it anytime, even before maturity, if he needs money. This is an unconditional obligation that is repaid directly to the saver without any problem. The complete management of this product is done by the government. This is completely legal security for investing the money of private savers in any state.

A unique investment

Prize bonds are a unique figure for investment, especially for the people of Pakistan, where the business environment is really unpredictable. The exciting thing is that the person gets to have thrilling prizes rather than interest. Even the tax prizes given to people are free from taxes, and they can be converted into cash at any time. The minimum holding period for prize bonds is three months. The person just has to buy prize bonds, and with the help of a lucky draw, participants have the chance to win prizes.

National Savings Lucky Draw

The prizes are given to people with the help of a National Savings lucky draw conducted every week. The draw list is broadcast on the local television of Pakistan so that people get the results fairly. The people getting their names on the draw list can convert the prizes into cash. Normally the minimum time for holding is three months.

National Savings draw results in Pakistan are completely fair because they are random and done based on results from the software. In most states, these are conducted twice a year. Once they are awarded in the middle and then at the end of the year,. Other than these biannual draws carried out twice a year, the weekly prize funds are awarded to the participants. The drawings are done, particularly in the cities of Hyderabad, Karachi, Quetta, and Multan, on specified dates.

Prize Bond Features

There are some great features presented by these prize bonds. The normal profit rate of prize bonds is 1.5% on a biannual basis. The registration of these bonds is done in the name of investors. Also, these deposits are offered to the private sector, public sector, and individuals. The institutes excluding this list are insurance companies, mutual fund companies, and banks.

The prize money is directly credited to the account of the investor. Also, the profit is given to the investor directly without any lengthy procedures. There is no need to fill out any application forms to claim the profit and prize money. The tenure and the investment money are unlimited. Also, in Islamic countries, it is exempt from taxes.

Another really important feature of prize bonds is that they are transferable to any other party. This means that it is highly liquid and can be given to any other party in place of cash. They can also be pledged in place of anything else as security. The purchase of a prize bond can take place against cash money, a pay order, a bank draft, or a check. The places where it can be purchased are the state banks and post offices.

Prize Bond Schedule

The schedule for the lucky draw is announced formally. There are certain dates on which the lucky draw is done in the offices of a state bank in different cities of a state. If the given date is a public holiday, the drawing will be conducted on the next working day. The application is given to the office, and further processing takes place. Special privilege is provided to senior citizens because they do not have to wait for their turn and can directly request it at the counter.


There is a minimum purchase price for these bonds, and the person can get them at this price originally. The unit price increases based on demand. The amount generated by the sale of prize bonds has increased more than the base price. Sometimes, serious concerns are brought up by the government because they do not generate real value for money.

The government actually borrows the funds in this process, and they have to see relativity in the cost of interest and the cost of administration. If the cost of administering the whole process is more than the cost of interest, then this is not beneficial for the government, and vice versa. The highest prize money for the premium bonds is 80 million rupees.

A prize bond is actually a form of national savings, and this should contribute to the budget surplus. The public, as well as private savings of a country, contribute to the overall national savings. The consumption and government expenses are subtracted from the income and then the savings are left over. The worth of prize bonds is available on the Internet with a complete schedule for the whole year. The student welfare bonds are also included in this along with the other bonds of different worth. This is a safe investment that has really less risk and any investor can trust this without any doubt.

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Saddam Hassan Khan
Saddam Hassan Khan is a Tech writer specializing in the intersection of tech. His Hobbies are Photography and Travelling


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