Prize BonddealersinRaja Bazar Rawalpindi For those seeking to invest in or cash out of prize bonds in the vibrant capital city, understanding the landscape of prize bond dealers in Islamabad is crucial.Where to buy prize bonds in islamabad - Casual Forums Whether you're interested in the sale of Premium Prize Bond (Registered), looking to sell your winning prize bonds, or simply aiming to purchase new prize bonds, navigating this market requires knowledge of authorized dealers, key locations, and the relevant processes. This guide aims to provide you with comprehensive information, drawing from available data to help you make informed decisions.
Understanding the Prize Bond Ecosystem in Islamabad
Prize bonds have long been a popular investment avenue in Pakistan, offering the chance to win significant monetary prizesAl- Haq Traders Hole Sale Dealer Rawalpindi. The market in Islamabad is no exception, with a network of dealers and authorized financial institutions facilitating their circulation. The Central Directorate of National Saving (CDNS), headquartered in Islamabad at G-6/4 Melody Market, plays a pivotal role in overseeing the Prize Bond Draw List and related operations.Payment of National Prize Bonds ; 3, Islamabad, Islamabad Branch,24-D, Rashid Plaza Jinnah Avenue, Islamabad; 4, Multan, Multan Branch, 85-A, Qassim Road, P.O. ...
When considering prize bond dealers, it's important to distinguish between different types of transactions. For instance, you can buy and sell bonds from banks within 30 days after the draws at 100% of their face value.Personal | Askari Bank Limited Pakistan However, after this period, transactions typically occur through bonds dealers in the open market, where prices might fluctuate slightly.
Key Players and Locations for Prize Bond Transactions in Islamabad
Several entities and locations are prominent when searching for a prize bond dealer in Islamabad. While specific dealer names might change, understanding the types of institutions involved is keyAuthorized Commercial Banks to Deal in Premium Prize Bonds(Registered). S No. Bank Name. Branches. 1. National Bank of Pakistan. All Conventional Branches. 2 ....
* Authorized Commercial Banks: Many leading banks are authorized to deal in Premium Prize Bonds (Registered)Al- Haq Traders Hole Sale Dealer Rawalpindi. This includes branches of the National Bank of Pakistan and HabibMetro Bank, which facilitate the payment of National Prize Bonds. For instance, HabibMetro Bank's Islamabad branch, located at 24-D, Rashid Plaza Jinnah Avenue, Islamabad, serves as a key point for such transactionsPrize Bond Branches | PDF | Lahore | Islamabad. Other banks like Allied Bank Limited also have designated branches involved in this sectorPremium Prize Bond.
* Specialized Prize Bond Dealers: Beyond banks, a number of dedicated prize bond dealers operate in Islamabad, catering to a more specialized clientelePrize Bond Draw List· Prize Winning Numbers – Check Online. National Prize ... Application for Purchase/Encashment of National Prize Bond, English, Urdu.. Entities like Al-Madina Prize Bond Dealer Islamabad, located in Sector G-6, Municipal Road, are examples of such businesses. Another such entity is MA Prize Bond Dealers, situated in Sector G-6, Street 46. These dealers often deal in all kinds of prize bonds, including buying and selling.
* Registered Prize Bonds: The Premium Prize Bonds (Registered) scheme, initiated by the CDNS, offers a secure investment optionPhoto by Rana Imran in New Islamabad International Airport. Photo by ...Prize Bond Dealer SargodhaPhone 048-3714600-3717277 Mobile 0300-9604929 .... Understanding how to purchase and encash these bonds is important. The State Bank of Pakistan also plays a role in clarifying aspects of prize bonds, such as the retention period for winning amounts over Rs. 10,000, which is typically six years from the date of the draw at SBP BSC offices.
Types of Prize Bonds and Their Denominations
The prize bond market encompasses various denominations, with draws held by the State Bank of Pakistan for each every three months. Common denominations include Rs. 100/-, RsPrize Bonds. 200/-, and Rs. 750. You might come across specific advertisements for 750 prize bonds available in series or mixed formats at competitive rates, sometimes mentioning locations like Kuri Road, Chak Shahzad in Islamabad. There have also been instances of 2 Times Prize Bonds of 750 for Sale in Rawalpindi/IslamabadMA Prize Bond Dealers - Исламабад.
Important Considerations for Buyers and Sellers
When engaging with any prize bond dealer, whether it's a named entity like Al-Madina Prize Bond Dealer Islamabad or a more general listing, it’s vital to ensure you are dealing with a reputable source. Given the sensitive nature of financial transactions, verifying the dealer's authorization and understanding their terms and conditions is paramount.Оптовая компания MAPrize Bond Dealersпо адресу Исламабад, Сектор G-6, Street 46, ☎️ +92 3451 30 32 79. Смотреть часы работы. Построить маршрут в Яндекс ...
For winning prize bonds, the Federal Board Of Revenue (FBR) also has policies regarding withholding tax collection/deduction rates. The gross amount of prize bond winning is subject to a tax deduction, the rate of which can vary. It's advisable to consult the latest FBR regulations or seek professional advice regarding tax implicationsPayment of National Prize Bonds ; 3, Islamabad, Islamabad Branch,24-D, Rashid Plaza Jinnah Avenue, Islamabad; 4, Multan, Multan Branch, 85-A, Qassim Road, P.O. ....
While the search focuses on Islamabad, it's worth noting that other cities like Peshawar and Rawalpindi also have active prize bond dealer networksPremium Prize Bonds (Registered) Scheme - State Bank of Pakistan. For instance, the term Prize bond dealer Peshawar and Prize Bond dealers in Raja Bazar Rawalpindi appear in related searches, indicating a broader national market.
In conclusion, for individuals in Islamabad looking to engage in prize bonds, a clear understanding of the available dealers, authorized banks, and the types of bonds offered is essential.Prize Bond Branches | PDF | Lahore | Islamabad Whether you are a first-time investor or a seasoned participant, thorough research and dealing with trusted entities will ensure a secure and beneficial experience in this financial sector.Premium Prize Bonds (Registered) Scheme - State Bank of Pakistan Remember to look for established dealers and authorized financial institutions when making your prize bond transactions.
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