The date for exchange or encashment of canceled prize bonds has been extended

State Bank of Pakistan has extended the date for the exchange of canceled prize bonds till June 30.

According to the central bank, the date for cashing prize bonds worth 7500, 15000, 25000, and 40000 thousand has been extended till June 30.

According to the announcement issued by the State Bank, canceled prize bonds can be cashed in bank accounts at face value, and bonds worth Rs 25,000 and Rs 40,000 can be transferred to premium prize bonds.

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Canceled prize bonds can be converted into Special Savings or Defense Savings Certificates, commercial banks have also been instructed to accept applications for cashing or exchanging prize bonds.

In a statement issued by the State Bank, it has been stated that the canceled prize bonds will not be cashable or convertible after June 30, 2023.