Topic > Prize Bonds - 697

INTRODUCTION: Prize Bonds are authorized and lodged under the Finance (Miscellaneous Provisions) Act 1956, the similar concept of "Prize Bonds" having been introduced in the UK. At the same time, "prize vouchers" were introduced in 1956. In 1957, in March, the first prize bond was sold. The first prize results draw was held in September 1957. At that time there were only six winning numbers and the prizes consisted of only six figures.. then the rule was changed and also they started selling with seven figures each. link. The first and only operator of this system was the Bank of Ireland. In 1993, rules were adopted to conduct drawings on a weekly basis using a computerized random number generator to determine the winning numbers for prize vouchers. BOND REWARD: People use and try new and new ways to earn profits and get rich sooner with easy and quick ways. they invest their money in different businesses and different schemes which are not very sure of giving profits. here then people began to buy lottery tickets which were not very reliable, there was no guarantee of winning and in case of failure to win the person loses the money spent on the purchase of the lottery. But constantly people were interested in investing their money in the lottery. Prize bond is a kind of lottery ticket issued by the government of a particular company through “prize bond company limited”. Prize Bond is a joint venture between the government, the Prize Bond company and the general public savings. The Prize Bond is a kind of bearer security investment or, in layman's terms, you could say that the security deposit can be refunded whenever desired at its original price. It reduces government loans from abroad and stands up…… half of the card…… the price of the amount is one thousand five hundred rupees in which the highest winning rate is thirty lacs, the second prize is ten lacs and the third and final prize is eighteen thousand five hundred. All three of these bonds are run by middle class people for their small savings and investments and the low cost price of each premium bond. Now let's talk about premium bonds used by some upper middle class people which are worth seven thousand five hundred and fifteen thousand rupees. The highest price of premium bond in Pakistan is forty thousand rupees, which is mainly managed by businessmen or people with large investments. or huge savings. In which the first prize is rupees seven crore and fifty lacs which is really a huge amount to become a billionaire overnight and the second prize is two crore and fifty lacs and the third and final prize is worth rupees and five lacs.