100 Prize Bond February 2024. Check details.
Pakistan’s 100 Prize Bond: Draw Results and Investment Considerations
The 100 Prize Bond, issued by the National Savings of Pakistan, offers unique investment opportunities within the country.
Read More: 1500 Prize Bond Feb 2024
While not considered an interest-bearing instrument, it holds the potential for substantial cash prizes through quarterly lucky draws.
Here are the prize details for the Prize Bond RS. 100/-:
- 1st Prize: PKR 700,000 (1 winner)
- 2nd Prize: PKR 200,000 (3 winners)
- 3rd Prize: PKR 1,000 (1696 winners)
Key Features:
- Denomination: PKR 100 (affordable for various investors)
- Draws: Held every three months
- Prizes: Varying amounts, including a top prize of PKR 700,000
- Principal Guarantee: The invested amount remains secured regardless of winning
Investment Considerations:
- No Interest: Unlike traditional investments, no interest is accrued on the bond value.
- Chance-Based: Winning relies solely on lucky draw selection.
- Government Backing: Supported by the National Savings, offering a certain level of security.
- Target Audience: Primarily caters to individuals seeking potential quick returns rather than guaranteed interest.
Upcoming Draw:
- Date: February 15th, 2024 (Thursday)
- Location: Peshawar
- Draw Number: 45
Additional Information:
- Official results and prize details are typically announced by the National Savings after the draw.
- Various denominations of Prize Bonds are available, each with their own draw schedule and prize structure.
- It’s crucial to understand the financial implications and risks associated with Prize Bonds before investing.
Note: The information above might not be accepted 100%. Please verify from your own sources. We will not be responsible for any kind of loss due to our content.
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