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Prizebond is the security issued by State Bank of Pakistan on behalf and guarantor of government of Pakistan, this is actually called the bearer type of security and people of Pakistan says that is very secure investment. Instead of keeping the money in banks people do believe to purchase the prize bonds and take the chance to win the big money through lucky draw.
Government is offering the prize bonds in value of rupees Rs. 200, Rs.750, Rs.1500, Rs.7500, Rs.15000, Rs.25000 and Rs.40000. in the times of printing prize bonds are printed in complete series, so you can buy the complete series and even the single prize bond and every series limit is 1000000 bonds.
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As per banks are giving interest Pa. but in case of prize bonds there is no fixed return but via luck draw which is held every quarterly in the year.
Here importantly in the each series of prize bonds have the same prize money for example the 200 series of Rs. 750 prize bonds are in the market then there are 50 winners in the each draw.
Prize bond is the secure mean of investment and risk free like the stock and forex base investments but other save investments are also offered by the banks like defense Saving Schemes - DSS, Regular Income Certificates and other type of investments.