{"id":85060,"date":"2022-04-02T10:40:00","date_gmt":"2022-04-02T05:40:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=85060"},"modified":"2022-04-01T15:41:06","modified_gmt":"2022-04-01T10:41:06","slug":"govt-prize-bonds-encashment-june-2022","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-prize-bonds-encashment-june-2022.html","title":{"rendered":"Govt extends prize bonds\u2019 encashment date till June 2022"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) has extended the deadline for encashment and replacement of PKR 7,500, 15,000, 25,000, and 40,000 (unregistered) prize bonds till June 30, 2022. The previous deadline was set for March 31.\u00a0\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-housing-loan-in-february.html\" data-type=\"post\" data-id=\"84900\" target=\"_blank\" rel=\"noreferrer noopener\">SBP achieves highest housing loan disbursement in February<\/a><\/p>\n\n\n\n<p>Reportedly, Circular No. 2 dated March 30, 2022, was issued by the SBP Banking Services Corporation (Bank) Currency Management Department (CMD). The CMD has recommended that all branches accept requests from the general public for encashment\/conversion\/redemption of the listed currencies until June 30, 2022.\u00a0<\/p>\n\n\n\n<p>Furthermore, according to the instructions in the aforementioned CMD Circular, banks must send branch\/region-wise aggregated statistics of indicated denomination NPBs held by them on the final day, i.e. June 30, 2022, no later than July 4, 2022.\u00a0\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/national-savings-draw-result-of-pkr-100-and-1500-bonds.html\" data-type=\"post\" data-id=\"83930\" target=\"_blank\" rel=\"noreferrer noopener\">National Savings announces draw result of PKR 100 and 1,500 bonds<\/a><\/p>\n\n\n\n<p>In December 2021, the government initiated a campaign to document the economy and phase out unregistered paperback prize bonds. Under the scheme, unregistered prize bonds of PKR 7,500, PKR 15,000, PKR 25,000, and <a href=\"https:\/\/www.zameen.com\/news\/govt-announces-registration-deadline-for-pkr-40000-bonds.html\" data-type=\"post\" data-id=\"52851\" target=\"_blank\" rel=\"noreferrer noopener\">PKR 40,000 denominations<\/a> can be converted to digital PKR 40,000 and PKR 25,000 denomination premium prize bonds (registered).\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/prize-bonds-enchantment-march-2022.html\" data-type=\"post\" data-id=\"82398\" target=\"_blank\" rel=\"noreferrer noopener\">Govt extends prize bonds\u2019 enchantment date till March 2022<\/a><\/p>\n\n\n\n<p>The conversion may be done through SBP Banking Services Corporation&#8217;s 16 field offices and branches of 19 authorized commercial banks, as previously announced by the central bank. The premium bonds will be issued solely against the purchasers&#8217; CNIC number and will be linked to their bank account.&nbsp;<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) has extended the deadline for encashment and replacement of PKR 7,500, 15,000, 25,000, and 40,000 (unregistered) prize bonds till June 30, 2022. The previous deadline was set for March 31.\u00a0\u00a0 Read: SBP achieves highest housing loan disbursement in February Reportedly, Circular No. 2 dated March 30, 2022, was issued by the SBP Banking Services Corporation (Bank) Currency Management Department (CMD). The CMD has recommended that all branches accept requests from the general public for encashment\/conversion\/redemption of the listed currencies until June 30, 2022.\u00a0 Furthermore, according to the instructions in the aforementioned CMD Circular, banks must send branch\/region-wise aggregated statistics of indicated denomination NPBs held by them on the final day, i.e. June 30, 2022, no later than July 4, 2022.\u00a0\u00a0 Read: National Savings announces draw result of PKR 100 and 1,500 bonds In December 2021, the government initiated a campaign to document the economy and phase out unregistered paperback prize bonds. Under the scheme, unregistered prize bonds of PKR 7,500, PKR 15,000, PKR 25,000, and PKR 40,000 denominations can be converted to digital PKR 40,000 and PKR 25,000 denomination premium prize bonds (registered).\u00a0 Read: Govt extends prize bonds\u2019 enchantment date till March 2022&hellip;<\/p>\n","protected":false},"author":84,"featured_media":75881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[51782,51779,51780,51781],"persona":[],"class_list":{"0":"post-85060","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-encashment-date","9":"tag-govt-extends-prize-bonds-encashment-date-till-june-2022","10":"tag-prise-bonds","11":"tag-prize-bonds","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt extends prize bonds\u2019 encashment date till June 2022 - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) has extended the deadline for encashment and replacement of PKR 7,500, 15,000, 25,000, and 40,000 (unregistered)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-prize-bonds-encashment-june-2022.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt extends prize bonds\u2019 encashment date till June 2022 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) has extended the deadline for encashment and replacement of PKR 7,500, 15,000, 25,000, and 40,000 (unregistered)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-prize-bonds-encashment-june-2022.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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