Premium Prize Bond Useful And In Depth Information

Premium Prize bonds are better investment than traditional bonds. Premium Prize bondz come in 40000 Rupees denomination. These bonds are registered in the name of the issuer.
Premium Prize bond is not a bearer instrument like all other prize bonds rather it is registered against the CNIC of the purchaser.
Premium Prize bodns offer you to win biggest ever Prize money of Rs80 Million or 8 Crore Rupees.
It is transferable on the name of other person. It means if you wan to sell it then you will have to transfer its ownership and will have to visit SBP.
Its pledge able means you can use it as a security document and can take loan again it from commercial banks.
Moreover 3% profit is also given against this Prize bond and credit into your linked bank account every six months.