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.

Comment on this FAQ

Your email address will not be published. Required fields are marked *