What are the steps in obtaining prize money?

To claim prize money and obtain it, a series of steps should be followed.

  • The first step is to submit the claim form at SBP BSC office.
  • If the bond is cleared, prize money up to 18,500 will be paid the same day.
  • A tax of 10% will be deducted on the total amount.
  • Any amount over 18,500 will be given on payment date specified to the claimant.
  • If the prize amount is below or equal to 1250, it can be claimed at bank or National Savings Centers.