Digital Prize Bonds

Pakistan’s Digital Prize Bonds: A Revolutionary Leap in Investment

The Pakistani government is gearing up for a groundbreaking move with the introduction of “Digital Prize Bonds,” starting with the issuance of Rs1,000 bonds. This initiative is set to revolutionize traditional investment methods by incorporating digital elements and offering substantial prize pools.



Key Features and Innovations

Digital Format

The Digital Prize Bonds will be exclusively available in digital form, eliminating the need for physical documentation and introducing a modern investment approach.

Accessible Online Platform

The Central Directorate of National Savings is spearheading this initiative, ensuring accessibility for all through the user-friendly “Digital Prize Bond Gateway.” This online platform can be conveniently accessed via a dedicated mobile application or other approved digital financial channels.

Diverse Denominations

While the initial launch focuses on Rs1,000 bonds, the government plans to introduce additional denominations in the future, including Rs500, Rs5,000, and Rs10,000 options. This provides a range of investment opportunities to cater to different preferences.

Investment Process: How to Buy Digital Bond in Pakistan?

• Investors can purchase these digital bonds through the National Savings digital app, available on the Google Play Store.
• The app is currently accessible for Android users, with plans for its availability on the iPhone in the future.
• A virtual branch will oversee the operations of these digital bonds, ensuring a seamless investment process.

Draws and Prizes

• Draws for digital prize bonds will occur quarterly, with the Finance Division indicating the schedule.
• Prize amounts vary based on denominations, ranging from Rs 2 million for Rs 500 bonds to a staggering Rs 40 million for Rs 10,000 bonds.
• The results will be officially published in the esteemed Gazette by CDNS.
• Transparency and credibility will be ensured.

Click here to get the draw list pdf

Purchasing and Eligibility

• Investors need to have a savings account with the National Savings Center or a digital account, which can be opened through the digital app.
• Funds can be deposited through various channels, including other commercial banks, making the investment process flexible.
• Any Pakistani national with appropriate identification (CNIC, SNIC, NICOP, or Pakistan Origin Card) is eligible to invest.

Redemption and Other Details

• Digital Prize Bonds cannot be transferred from person to person, but they can be redeemed through the National Savings digital app.
• No pledging of these bonds for loans is allowed, and they are exempt from Zakat.
• Withholding tax is applicable on prize money, with different rates for filers and non-filers.
• While there is no announced profit on digital prize bonds, premium prize bonds provide semi-annual profits to investors.

As Pakistan embraces digitalization, the introduction of digital prize bonds marks a significant shift in financial engagement. The government’s commitment to transparency and accessibility ensures a new era of investment opportunities for citizens. Stay tuned for the official launch date and additional updates on this exciting initiative.

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