Revocation of prize bonds will be in phases. In the first phase, Rs. The 25,000 prize bonds will be converted into premium bonds, a registration process that will begin later this month.
In this regard, all prize winners will be required to submit a copy of their CNICs with a special form issued by the SBP.
Also, the price bond of PKR 25,000 bonds will be transferred directly to the owners’ account instead of being withdrawn in cash.
SBP has also suspended the new release of Rs. 40,000 prize commitments in February 2019.