How to Get Your Prize Money Directly in Your Bank Account

Its nice to get lucky every now and then but its sure tiring to stand in long queues at State Bank to get your money. Here is how you can cut the queue and have your winnings credited directly into your bank account.
Prize bond money

National Prize Bonds are issued by government of Pakistan in eight different denominations. On one hand these are a source of domestic borrowing for the government. While on the other hand these provide lucrative returns to the investors in the form of prize money. The details of various prize bonds can be seen here.

If you invest in the national prize bonds issued by the government of Pakistan then you are aware of the excitement and reward that you get after your prize bond is declared as prize winning in a draw. However this excitement is subdued when you go through the process of claiming this prize money.

Conventional Method of Claiming Money from your Prize Bond

For prizes below Rs 20,000/-, you go to the nearest State Bank of Pakistan Banking Services Corporation office, fill the prize bond money claim form, wait for your turn in the line and get the prize money in cash. In most cases you get the tax certificate on the same day and you are done with the process.

However, until recently, it was entirely different process when you won a prize above Rs. 20,000/-. The cumbersome process consisted of almost five steps detailed below.

  1. You visit the nearest SBP BSC office, fill the prize money claim form including a copy of the prize winning bond, original bond and a copy of your CNIC. You wait in line for your turn and submit you claim at the counter
  2. Once you submit the claim at the counter, you are issued a receipt. The receipt acknowledges your prize money claim and specifies a date for collecting your prize money payment order. As of now, for prize money below one million the date of receipt of payment order is 20 working days from the receipt of claim and for prize money of one million and above this time is 30 working days.
  3. On the due date, you go to SBP office and wait in line to get your payment order
  4. The payment order you get from SBP BSC is to be deposited in your commercial bank account only
  5. Once the payment has been credited to your account, you go back to SBP to get the tax deduction certificate.

Sounds hectic? Trust me, its much more than this when you actually experience it and have to wait an entire month to get your prize money.

How to Get Prize Money in Directly in Your Bank Account

Going forward with digitization, SBP BSC has introduced the direct credit of prize money to the claimant’s account. The direct credit of prize money significantly reduces the time and number of steps involved in getting your prize money from SBP BSC offices.

The form used to claim the prize bond money has been redesigned by SBP BSC and can be downloaded easily.

The newly designed form has a specified portion for filling particulars such as name, CNIC Number, CNIC expiry date, address, contact number email and specify his tax payer status i.e. if the claimant is a filer or non-filer.

The next major change in the prize bond money claim application form is the selection of mode of payment of prize money.

For prizes up to PKR 18,500/-, you can opt for payment of prize money in cash or direct credit to your bank account (bank credit). If you opt for bank credit, you are issued a receipt at the time of submission of your prize money claim and the money is credited to your bank account on the same day or next working day.

For prizes above PKR 93,000/- and above the claimant can opt for bank credit only and the mode of payment via payment order has been discontinued by SBP BSC.

When you opt for bank credit, you will have to mention your bank name, branch name, account title and IBAN number. Your IBAN number is printed on your new cheque book. You can also use your bank’s IBAN generation tool on the website to find out your IBAN.

Once you have submitted your prize money claim, SBP BSC will process your prize bond and you will get your winnings as per below timeline:

S.NoAmount of Prize MoneyMaximum Timeline
Direct Credit (Bank Credit)Payment Order (discontinued)
1.Below Rs. 1,000,000/-5 working days from the date of submission of claim20 working days from the date of submission of claim
2.Above Rs. 1,000,000/-15 working days from the date of submission of claim30 working days from the date of submission of claim

It is evident from the above table that SBP BSC has significantly reduced the time for paying prize money by introducing the method of bank credit and discontinuing the method of payment orders.

Additionally, when you opt for bank credit, you will only have to go to submit the prize money claim. The prize money is credited to your bank account within the specified time. You will save the time hassle of waiting in lines and manual processing.

Additionally, you will be notified via SMS and E-mail regarding your CPR (computerized payment receipt). You can get it from FBR website at your own convenience without going to SBP BSC. If due to some reason, you don’t get the alert, you can collect your CPR/tax deduction certificate from SBP BSC.

Important Points To Keep In Mind

  1. At the time of submitting the claim form, you must mention your conventional bank account number held in your name. This account cannot be joint. Accounts maintained in Islamic banks, operated jointly, corporate accounts, business accounts and trust accounts are not accepted.
  2. Your tax payer status i.e. filer or non-filer  will be determined by SBP BSC as per latest FBR record.
  3. The Withholding Tax on prize money amount is deducted at prevailing rates.
  4. If genuineness of your prize bond is doubtful, it may take a longer time than the one already specified.
  5. Your prize winning bond will not be returned by SBP BSC and you will be paid the face value of the bond.

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  1. 15000 walay bond ka inaam abhi tak nahi aya 2 months honay walay hin jab k 7500 walay ka prize account mai credit hogaya hai anyone help plz

  2. Sir 15000 wala bond claim prize main dala tha lekin 24 working days guzar chuke hain abhe tak amount transfer nahin huwa.

  3. Sir Maine 7500 wale bond liye the 24 October 2020 ki stamp lagi v hai us Main se 1 bond 2 November 2020 ko win hua hai or 1 bond 2 February 2014 ko win hua hai to Kiya main claim kar sakti apna winning amount. Kindly reply me plzzz

  4. I bought 5 prize bonds worth 7500 each last month. I learned that two of them have won in 2009 and 2015 respectively. How do I know the money already claimed or not by the previous prize bondholder?

  5. Bhi Jan Mary pass 750 waly bond hn.. jin pa bank stamp 1999 aor 2000 . 2001 iss tarah ke dates hn Kia agr in my Sy koi bond laga hoa ho to kasy Pat’s chaly ga.. at bhi Jan ya Jo pory mulk ma alag alag niklty hn in ma aah skta ha kia

  6. I have a prize bound 15000
    Issue Date 19July 2017 FSD
    But it won third price 185000 in two July 2013
    May i get prize in 2020?
    How can i get?

  7. Bilal Bhai,

    please confirm mera 25000 wala 3rd prize nikla hai wo kaise cash hoga or deduction % kitni hogi

    and filler or non-filler ke rate bhi btaden??

    1. State bank office se cash ho sakta hy.
      Currently the tax deduction rate for filer is 15 % and for non-filer is 30% of the prize money amount.

  8. Sir Bilal mery pas 1500 ka bond hy jo 15 may 2020 ko first my laga hy bond k stamp m date 23 nov 1999 hy kya claim ho skta hy?

  9. Can anyone tell me that when does the SBP start there normal procedures and issue prize bonds ?

    1. The operations are currently limited due to the corona virus situation. Once the situation gets better, we can hope that SBP will start issuing prize bonds.

    1. For active tax payer (filer) tax deduction is 15% of the prize money.
      For non-filer (in-active in tax payer list) tax deduction is 30% of the prize money.

    1. SBP BSC has limited its operations due to corona virus. All operations are closed now, except government payments and receipts, prize bonds encashment and prize money payments.

      1. Hi sir Mera 185000 Ka bond win HOA or Mene ose state Bank me JAMA bhi karadia.jiski mje slip bhi Mili ab masla ye HOA k .1 month se oper hogaya h Mera winning amount abhi tak nhi aya mere account me.or wo slip bhi miss hogai h Jo bank walon me Di thi .kindly mje iska solutions btae

  10. Aoa
    Sir prize bond k serials fake bi circulation me hoty hain?
    2ndly , broker jo market me sale purchase karty prize bond ki wo bi cash kr dete hain sb inaam?

  11. Commercial Bank se Prize money cash krwane pe commercial bank se extra charge hota hai ya as same SBP charges hote hain

  12. Dear Bilal sahib

    I claimed third prize of PK RS 15000/- approx before 2 Months & it is not yet been credited to my Bank Account.
    Is it taking so long for the State Bank to deposit the Claimed Amount to your Bank.

    The other problem is that the receipt for that claimed bond is misplaced.
    Kindly advise How can I approach State Bank against this un received Claim.

      1. Bilal Bahi mei aj 750 bounds hain un mei 2013 mei issue howa hai 2017 mei nikla hai kya mei clam kr sakta hon or Kasay pata lg ga wo already clam Ho chuka hai

        1. Yes you can claim up to six years from the date of draw. If the bond has already been claimed there will be a stamp on the reverse side of the band.

  13. Assalam u Alaikum Bilal Bhai..
    Main ye pochna chahta hun k prize bond par jo stamp hote hai wo matter karta hai..
    Actually 02 April 2018 3rd price nikla hai 15000 wala.
    Aur mere pass jo bond hai aus par stamp 19 April ki hai 2018.kya main price k liye claim kar skya hun..

    1. Stamp contains the issue date of the prize bond. Prize bond ke stamp ke date se 2 months bad agar draw hoe ho aur us main apka bond winner aa jae tu aap le sakte hain. es se pehle nhe.

      1. Dear Mr. Ahmed is it compulsory for the prize winner to present the “Prize Claim Form” personally at SBP or he/she may depute some other person along with the original CNIC of the claimant/winner?

  14. Dear sir
    In Aug 2011 worth of Rs 7500 prize bond is still under claim.please let me know the right procedure.

    1. You can claim prize money up to six years from the date of draw in which it has been declared as winning, so the bond that was declared as winning in 2011 is no longer eligible for prize money.

  15. Dear Bilal
    How old prize can be claimed now?
    Is there any entry on prize bond after crediting amount of prize?

    1. You can claim prize bond up to six years from the date of draw in which it has been declared as winning.
      Yes, there is entry on the reverse side of Rupees 100, 200 and 750 bonds.

    1. No. You can claim prize money up to six years from the date of draw in which it has been declared as winning.

  16. Jo filer hain un ka jana zaroori hota hai ya un ki jagga koi or jaaga kr claim karwa sakta hai un k CNIC per??

  17. Sir after how many days Rs 15000 prize bond wining prize 185000 deposited in claimant bank account as per new rules. As per receipt provided by state bank after collecting bond is written 15 days after PSPC verification.

  18. AOA Sir/Madam,
    750 waly bond ky 2 bond nikly hai 3rd prize waly es ki amount ban rahei hai 18600 es ko mai Local National saving Bank sy lunga ya State Bank sy or mai Filer bi hon?

  19. Kya kabi kise ka first prize b nikla ha 15000 ya 25000 k prize bonds ka ya sirf 3rd he nikalta ha kyo k mayny kabi kise ka first nikalty huay nhe daikha rply pls

  20. I won third prize of 200, and i claim at the counter of SBP with my IBAN account numbers, officer gave me receipt, The date of claim of prize bond is 05 March 2020, now how much i have to wait for Credit amount?

    1. It usually takes 2 working days. If it has taken longer, please contact the officer where you claimed.

  21. AOA dear Bilal Ahmed
    Mera 7500 ka 3rd prize win hua hy draw No 81 main but still i have not claim it.
    Meri salary 45000 hy aur main govt employee hon meri salary say approximately 300 income tax deduct hota hy but mery pass NTN number ni hy…
    Kia main filler hon? Ya mjhy non filer he treat krain gay….?
    Waiting for your precious reply.

    1. The tax deduction from our salaries doesn’t make us a filer. You will have to file your data at fbr’s website, only then you will be treated as filer.

  22. Hello Dear,

    I won third prize of 7500, and i claim at the counter of SBP with my IBAN account numbers, officer gave me receipt, The date of claim of prize bond is 19 February 2020, now how much i have to wait for Credit amount?

    1. You should visit the same branch and ask them. Take your receipt with you (and a photocopy as well, in case they ask for a copy)

  23. Sir mere pass 750 wala bond hai r date of draw is 15 jan 2008 hai r prize is 9300 hai to mein isy ab claim kr skta hn? R winning amount ly skta hn?

  24. Which branch I should visit to claim the winning prize for the first time of 93k along with the holder of his bond and details please do explain?

  25. hi brother. kya 1998-99 ke bonds cancel ho chuke hain? ya ab acceptable hain. meray pass 1999 aur 2018 ke bonds hain dono ke pattern me thora sa faraq hai. 99 waly aj kal ke bonds se thory change hain

  26. Salam all , mey ney 185000 prize money claim kiya tha january 2020 mey, i got the amount in my bank account. Kiya tax deduction certificate lena zaroori hai aur ye kab tak mil sakta hai? I think jo wht deduct howa hai uska certificate kab tak claim kiya ja sakta hai,kindly answer me. Thankyou

    1. All 15000 bonds are being sent for confirmation of genuineness to PSPC Karachi therefore is it taking longer that usual.

  27. Hello Bilal Sb, How to encash Rs 40000/- prize bond while overseas, I am currently overseas and bond registration last date is 31March 2020.
    Can l register the bond online and encash it later when visit there.
    Plz advise. Regards, K.Mumtaz

    1. The old 40,000 bonds can be
      1. Deposited in your bank account
      2. Converted to Special saving certificates / Defense saving certificates
      3. Converted to premium prize bonds (i.e. registration)

      For 2 and 3 above, your presence is mandatory. However, if you have family members in Pakistan, they can deposit the bonds in their bank accounts.

  28. Hi Bilal

    Is there a risk of fraud by bank officers when a person goes to bank for claiming a big prize (may be more than 1.0 million)? Bond is a bearing document, and once handed over to bank officer you have no evidence that it is your bond.

    The environment in the bank is crowded and long queues people pushing each other. At counters, multi officers serve. So you may give a bond to one officer and he/she may move and or leave. So, no real control and discipline.

    What are the tips to protect from fraud by bank officers?

    1. Whenever you submit your claim for prize money, don’t leave the counter unless you are provided a receipt (computer printed).
      I don’t think there is any chance of fraud because all the counters are being covered by cameras.

  29. بلال صاحب میرے پاس ساڑھے سات سو والا پرائز بانڈ ہے جو پچھلی قرعہ اندازی میں ترانوے سو کا ونر تھا میں کیش نہی کروانے گیا اب کی بار اسی پرائزبانڈ پہ ترانوے سو پھر سے ونر ہوا۰۰۰۰اب میں اٹھارہ ہزار چھ سو کلیم کرسکتا ہوں کہ صرف ترانوے سو ہی کلیم ہوسکتا ؟؟؟؟

    1. Jo 40,000 walay old bonds (Jo government ny khatam kar diye) wo aap apnay bank ya state bank ja kar apnay account main deposit karwa saktay hain. Apko cash nhe milega, bonds ke value apk account main credit ho jaege.

  30. It was simple and informative. Just as per my understanding, Islamic Bank Account holders can not avail the service of account deposit. Is it so?

    1. For prize money payment, you can’t mention your account’s IBAN number if the account is from an Islamic bank. However if you want to transfer the value of discontinued 40,000 bonds to your Islamic bank account, it is allowed.

  31. sir m saving bank sy prize bonds ly kar aya 1500 waly to m ny list bna li excel m sb ki to m ny saving center ki website sy search kiye nmbrs to mry 3 third prize money nikly hoy thy sb ko takriban 5 years hoy h mtlb m claim kr sakta hn. mgr m pochna chah rha hn k saving center sy ly kar aya hn to kia un ko q nai pta tha k y prize bonds already nikly hoy h? or 2 prize bond asy h mry jo 6 years sy ziafa ho gya time m claim na kar saka to un prize bonds ka kia wo phr m sale kr dn koi faida nai unka?

    1. 1. Apk bond par aik stamp hoti hy jis main date bhe mention hoti hy. Agar draw us date k 2 months baad hoe hy tu phir aap inaam lay sakti hain.

      2. Yes, sale kar dain.

    1. As per rules of prize bonds, you can claim your prize up to six years from the date of draw. The procedure is detailed above.

  32. Dear Bilal
    IAM an overseas Pakistani.i don’t have any property in Pakistan other then only bank account.
    So if I want to claim the prize money what will be my status.

  33. Assalam-0-Alikum Bilal Sahib.
    Hope fully you doing well with the best of health.
    Sir; I have won the third price in 750 which becomes 9300 rupees.
    However; my salary is 50000 rupees which not comes in tax deduction that means; I am non filler.
    In this regards; how I convince to the fulcrum of state bank not to cut 30% and keep it 15%.
    Please advise along with the documents to show (if possible)

      1. Thanks Bilal Sahib for your prompt and kind response and you have been very kind to all of us.
        I would request you if you could advise and identify such type of gap analysis in front of the top management of State Bank of Pakistan.

  34. sir m saving bank sy prize bonds ly kar aya 1500 waly to m ny list bna li excel m sb ki to m ny saving center ki website sy search kiye nmbrs to mry 3 third prize money nikly hoy thy sb ko takriban 5 years hoy h mtlb m claim kr sakta hn. mgr m pochna chah rha hn k saving center sy ly kar aya hn to kia un ko q nai pta tha k y prize bonds already nikly hoy h? or 2 prize bond asy h mry jo 6 years sy ziafa ho gya time m claim na kar saka to un prize bonds ka kia wo phr m sale kr dn koi faida nai unka?

  35. maximum time for claim your prize money? i have prize bond which is selected for second prize in January 2008 but unfortunately i can’t check at that time, should i claim for prize money or not?

    1. Six years from the date of draw. You should have claimed it before Jan 2014. Unfortunately You can not claim it now.

          1. The entire article is all about the question you have asked. Please read the article again. This is not a Question/Answer forum.

  36. Sir mera 1st price nikla RS7500✓ Draw 69 2017 ka. Claim deposit kiya mainay 17 August 2019 ko direct state bank rwp mai. kab tk expected hay amount?

  37. Salam,
    mere uncle ka inaam nikla hai 7500 wale prize bond ka, woh current Tax filer hain magar woh state bank nah ja sakte na line mein lag sakte hain due to age factor. kya mein un ki information or id card pe jaker form submit or claim ker sakta hon amount.
    aur doosra winning prize Rs. 93,000/= hai before tax deduction to kya cash claim ker sakte hain ya bank credit kerwana parega uncle ke account mein ya apne account mein ker wasakta hon.

    1. 1. Cash nhe milay ga. Credit he hoga.
      2. Ap apnay uncle ko le jain. Old age citizens k lye facilitation counter hota hy usually.


          1. DEAR BILAL,

    1. Agar ap ka naam active tax payer list main mojod hy tu apko bond amount k sath Rs. 17225 aur agar nhe hy tu Rs. 14450 mile gain,

  38. Sir mara prize bond of 25000.3rd priz wining ho gaya pe mje mje kitne milen prize bond ki amount b mile gi

    1. Agar ap tax filer hain tu apko bond amount k sath total 290,200 Rupees mile gain. Agar ap tax filer nhe tu apko 243,300 rupees mile gain. (tax rate for filer is 15% and for non filer 30%)

  39. Sir mera bond 1500 wala tha Uss pe bonds wali shop se 16300 mila hai jab k prize 18500 tha aur unho ne bond bhi rakh liya.. Kya yeh Sab theek hai? Mujhe itni info Nai.. Plz ap guide kr dain..

  40. Is this automatically deducted by SBP or I have to pay before SBP remittance to my IBAN mentioned account ?

    ePayments: PSID 33807214 has been created for Rs.27750.00 on Aug 6 2019 1:53PM . Deposit your payment in any authorized branch of NBP/SBP Bank.

    1. Assalam o alikum Bilal bahi
      Can you tell me the procedure to get my claim prize money worth Rs500000 also i m a filer.But i have only 7 days because i m overseas

      1. The process for bank credit is detailed above. You can submit your prize money claim along with your complete and correct IBAN details (Bank account in Pakistan). You don’t need to go to collect the prize money. Prize money and face value of bond is directly credited to IBAN details provided by you.

  41. Good write.
    Thanks Bilal Sb.

    I wish there was an easier way for claimants. This process sounds ridiculous honestly.

    1. Recently, all the payments above 20,000 are being paid by direct credit to bank account of customers and the mode of payment orders has been discontinued. Further, you can also get your prize of any value below 20,000 credited to your bank account if you don’t want to get cash.

  42. Sir i have a bond of Rs 750/ which won Rs 9300/ in a draw that was held on 15th April 2002 can I claim it now.

  43. I submit the clam form on 12th July 2019, but IBAN i have a mistake. The number after PK is mention wrong. The actual number 39 and mistakenly mention on it is 16.
    All numbera are mention on it is same and the 4 cracktors indicates the bank name is correct and all acc number is correct.
    Now whats can i do for this correction or wait for 15 days too.

    1. You should go to the office where you submitted the claim and inform them about the correct account number, otherwise your payment will not be credited to your account.

    1. From 1st July, 2019, tax rate on prize won is 15 % for filers (name appearing in active tax payer list) and 30% for non-filers.

  44. As per rules of prize bonds, you can claim your prize up to six years from the date of draw. (aap June 2015 tak ye inaam le sakte the). unfortunately, you can not get the prize money now.

  45. my name is imran, from wah cantt, my saving money is 4 pes of 40,000. Prize bond, i purchase it in 2005 but i ignore this for long time, on that time when govt, say to replacement it on premium or encasement through bank account i check it on draw list i shock it that i win 3rd prize 500,000. on 1 June 2009 draw list but i still cant receive it, plz help me to collect my win prize bond procedure. my cell # 0333-5284970, 3105284970.

  46. sir price money ki amount ke baad jo bond hota hai is ki amount kaise milte hai 25000rs wale bond ki

    1. Aaj kal tu apko prize money aur bond ke value aik sath apk bank account main bhej de jati hy. Payment order pehle banta tha jisk sath bond ke payment alag se dete the. Laken ab sirf bank account k zariye prize money aur bond ke value ke payment hoti hy. Claim karte waqt aap nay apnay bank account ka IBAN number dena hota hy state bank ko.

        1. IBAN is international bank account number
          Filer: who has an NTN and pays taxes
          Non-filer: who does not have NTN

    1. currently filer se 15% aur non-filer se 25% tax deduction hote hy. Agar apka inam 20,000 se kam ho tu apko same day payment mil jati hy. Agar 20,000 se zyada ho tu apko 5-15 working days main payment mil jate hy.

  47. Prize bond ka winning price state bank sy kesy nikalwaengy kia national savings sy nikalwa sakty hen?

    1. Agar apka 100 ya 200 ka small prize (3rd prize) hy tu ap national saving center se le sakte hain. es se zyada amount ka prize ap ny State Bank k offices se lena hoga.

  48. I launched my claim at SBP BSC(BANK) Multan on 8 Apr 2019 but till today prize money not credited in my account. What to do now??

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