How to Claim Prize Bond Money in Pakistan

If your Prize Bond number has won a draw, you need to submit the original winning bond and the prescribed claim documents through an authorized channel. Where you can submit the claim depends mainly on the amount of prize money.

Under the current State Bank of Pakistan procedure, SBP Banking Services Corporation offices can handle Prize Bond claims of any amount, while designated commercial bank branches can accept claims up to Rs.500,000. National Savings Centers handle the smallest claims. Prize money normally must be claimed within six years from the date of the relevant draw.

Quick Answer

• Prize Bond claims can normally be lodged a few working days after the draw.
• You have up to six years from the draw date to claim the prize.
• Keep the original winning Prize Bond. A photocopy alone is not sufficient.
• You normally need a valid CNIC copy, the original bond, a signed copy of the bond and bank-account details.
• Designated commercial banks can accept claims up to Rs.500,000; larger claims must go to an SBP BSC office.
• Current withholding tax is 15% for filers and 30% for non-filers.
• Rs.25,000 and Rs.40,000 Premium Prize Bonds are different: prize money is normally credited directly to the registered holder’s bank account.

How to Claim Prize Money From a Prize Bond

The basic process is straightforward, but do not hand the original winning bond to an unofficial agent or broker.

Step 1: Confirm the Winning Number

First, match your Prize Bond number with the correct denomination, draw number and draw date.

You can use the PrizeBondList.pk Prize Bond search to locate a result quickly, but the official National Savings or SBP draw record should be used for final verification before submitting a claim.

Check carefully that:

• the complete bond number matches
• you are checking the correct denomination
• the draw number is correct
• the draw date is correct
• the bond was eligible for that draw

National Savings currently states that a Prize Bond must have been issued at least 60 days before the relevant draw to qualify.

Step 2: Keep the Original Winning Bond Safe

The original bearer Prize Bond is important because the bearer bond belongs to the holder of the physical instrument.

Do not write unnecessarily on it, laminate it, tear it or give it to an unknown person.

SBP’s published claim requirements call for the original winning bond and a photocopy, with the claimant’s signature on the reverse side as required.

Step 3: Complete the Prize Money Claim Form

SBP currently provides the Prize Money Claim Application Form PB-23 on its National Prize Bonds forms page.

Use the current official form rather than downloading an old copy from an unofficial website.

For more help with the form, see our Prize Bond claim form guide.

Step 4: Prepare the Required Documents

SBP’s published National Prize Bond FAQ lists the following information and documents for a claim:

• copy of a valid CNIC
• original winning Prize Bond
• photocopy of the winning bond
• required signatures on the original bond, photocopy and claim form
• bank name
• account title
• IBAN

Incorrect signatures, an invalid bond, a photocopy that does not match the original, an incorrect account title or a wrong IBAN can delay a claim.

Requirements can be updated, so check the current PB-23 form and the receiving office before submitting a large claim.

Where Can You Claim Prize Bond Money?

According to SBP’s National Prize Bond FAQ, the available claim location depends on the prize amount.

A Note About Conflicting Official Information

One National Savings FAQ page still contains older wording saying that prize money above Rs.1,250 can only be claimed from State Bank branches.

However, SBP introduced a procedure allowing designated conventional commercial-bank branches to accept Prize Bond claims of up to Rs.500,000, and SBP’s subsequently published National Prize Bond FAQ uses the same Rs.500,000 limit.

For the claim-location thresholds on this page, we therefore follow the more specific SBP procedure.

Commercial-bank claims may also be restricted to eligible account holders of that bank, and bank or cash-in-transit charges may apply under the SBP procedure. Confirm this with your chosen branch before submitting the original bond.

How Long Do You Have to Claim Prize Money?

The maximum Prize Bond claim period is six years from the date of the relevant draw.

National Savings states that the claim can usually be lodged after approximately three or four working days following a draw and must be submitted within six years.

Example

Suppose a Prize Bond wins in a draw held on 15 February 2026.

The six-year claim period is measured from that draw date. You should not treat the bond’s purchase date or the date you discovered the result as the beginning of the claim period.

Do not wait until the final months. If you find an old winning bond, check the exact draw date immediately.

See the separate Prize Bond claim period guide for more detail.

Prize Bond Tax for Filers and Non-Filers

Prize money is paid after deduction of withholding tax.

National Savings currently publishes these rates:

National Savings lists the current Prize Bond tax policy as 15% of the prize value for filers and 30% for non-filers. FBR also publishes the current Tax Year 2027 withholding rate card updated through the Finance Act 2026.

For this purpose, filer status is connected with the taxpayer’s status in the Active Taxpayers List (ATL) under the applicable tax rules.

Example of Prize Money After Tax

If the gross prize is Rs.1,000,000:

This is a simple illustration using the currently published rates. It is not individualized tax advice.

You can also see our Prize Bond tax guide or use the Prize Bond tax calculator.

How Is Prize Money Paid?

SBP’s current claim procedure uses the claimant’s banking information, including the bank name, account title and IBAN. This is why bank details must be entered accurately on the claim documents.

For commercial-bank claims, the SBP procedure provides for prize money and the bond’s face value to be credited to the claimant’s bank account after processing.

Do not assume that a large Prize Bond win will be handed over immediately in cash at the counter.

What If the Winning Prize Bond Is Damaged?

A damaged Prize Bond does not automatically mean that the prize is lost.

National Savings says prize money on a damaged bond can be claimed subject to clearance under the applicable rules.

The Prize Bonds Refund Rules distinguish a defaced bond from a mutilated bond. A mutilated bond is described as a torn bond or one with part missing where the portion presented is clearly more than half of the bond. Claims involving damaged instruments are considered on their merits by the authorized officer.

The rules also state that no claim for a bearer bond alleged to have been lost, stolen or wholly destroyed is entertained, and a portion that is not more than half does not qualify under the refund rule.

So if a winning bond is torn or damaged, do not try to repair, alter or further cut it. Take the remaining original bond to the appropriate SBP BSC office for examination.

What If the Original Bearer Prize Bond Is Lost?

This is very different from a damaged bond.

National Prize Bonds such as Rs.100, Rs.200, Rs.750 and Rs.1,500 are bearer instruments. National Savings explains that ownership belongs to the holder of the instrument in a similar way to currency notes.

Under the Prize Bonds Refund Rules, a claim in respect of a bearer bond alleged to have been lost, stolen or wholly destroyed is not entertained.

See our lost Prize Bond guide for the important difference between bearer Prize Bonds and registered Premium Prize Bonds.

Premium Prize Bond Winners Do Not Use the Same Claim Process

The Rs.25,000 and Rs.40,000 Premium Prize Bonds are registered instruments. They should not be confused with the old withdrawn Rs.25,000 and Rs.40,000 bearer Prize Bonds.

For current Premium Prize Bonds, National Savings states that prize money is directly credited to the investor’s registered bank account, so a normal Prize Money Claim Form is not required.

If the bank returns the amount or it cannot be credited for some reason, the Premium Prize Bond rules provide a procedure for the registered holder to claim the unpaid amount from the office of issue, subject to the applicable six-year period.

Read our Premium Prize Bonds guide if your winning bond is Rs.25,000 Premium or Rs.40,000 Premium.

Common Mistakes That Can Delay a Prize Claim

A few simple errors cause avoidable problems:

• submitting the wrong draw or denomination
• losing the original bond after checking the result
• submitting only a photocopy
• forgetting required signatures
• using an incorrect CNIC or expired identification
• entering the wrong IBAN or account title
• going to a National Savings Center for a prize above its permitted claim limit
• taking a claim above Rs.500,000 to a commercial bank
• waiting until the six-year claim period is almost over
• confusing a Premium Prize Bond with a bearer Prize Bond

Check everything before handing over the original winning instrument.

Final Steps for Claiming Prize Bond Money

Knowing how to claim prize money is mainly about three things: verify the winning bond, prepare the correct documents and submit the claim through the correct authorized channel.

Keep the original bond secure. For claims up to Rs.500,000, an eligible designated commercial-bank branch may be available; claims above Rs.500,000 should be submitted through an SBP BSC office. The current claim period is six years from the draw date, and withholding tax is deducted before payment.

For current forms or a large claim, check the latest SBP BSC and National Savings instructions before submitting the original bond.

PrizeBondList.pk is an independent information website and is not operated by National Savings, the State Bank of Pakistan or the Government of Pakistan. Official sources should be used for final confirmation of claims, forms and policy changes.

FAQs

How many years do I have to claim Prize Bond money?

National Savings currently states that Prize Bond prize money can be claimed within six years from the date of the relevant draw. The clock starts from the draw date, not from the date you discovered that your bond had won.

Can I claim Prize Bond money from a commercial bank?

Yes, but there is a limit. SBP’s National Prize Bond FAQ states that designated commercial bank branches can accept Prize Bond claims up to Rs.500,000. Claims above Rs.500,000 are handled by SBP BSC offices.

What documents are required to claim Prize Bond money?

SBP lists a valid CNIC copy, the original winning Prize Bond, a signed photocopy of the bond, the completed claim form and banking information such as bank name, account title and IBAN among the claim requirements.

Is tax deducted automatically from Prize Bond winnings?

Yes. National Savings currently states that withholding tax is deducted at 15% for filers and 30% for non-filers from Prize Bond prize money.

Can I claim a damaged winning Prize Bond?

Potentially, yes. National Savings says a damaged Prize Bond prize claim is subject to clearance under the rules. The Prize Bonds Refund Rules provide specific treatment for defaced and mutilated bonds, so the original damaged instrument should be taken to an authorized office for examination.

Can I claim prize money if my bearer Prize Bond is lost?

The rules are very different for a lost bearer bond. The Prize Bonds Refund Rules state that claims involving a bond alleged to have been lost, stolen or wholly destroyed are not entertained. This is why the original bearer Prize Bond should be kept securely.

Do I need to submit a claim form for a Premium Prize Bond?

Normally, no. National Savings states that prizes on registered Rs.25,000 and Rs.40,000 Premium Prize Bonds are credited directly to the investor’s registered bank account and no normal prize-money application form is required.