Prize Bond, Prize Detail | Prize Bond Lite

Prize Details

Prize Bonds are bearer type of security available in the denominations of Rs.200, Rs.750, Rs.1,500, Rs.7,500, Rs.15,000, Rs.25,000, Rs.40,000 and Rs.40,000 Premium Bond. These bonds are issued in series. Each series consist of one less than 1,000,000 bonds. No fixed return is paid but prize draws are held on quarterly basis. The draws are held under common draw method and the number of prizes are same for each series. It means that if 50 series of Rs.200 Prize Bond are in circulation. Then on each draw we have 50 winners of 1st prize and 250 winners of 2nd Prize and so on.
The number and amount of prizes on various denomination of prize bonds for each series is shown in the following table :

Denomination	First Prize		Second Prize		Third Prize
Denomination	No of Prize	Amount	No of Prize	Amount	No of Prize	Amount
100/-	01	700,000	03	200,000	1,199	1,000
200/-	01	750,000	05	250,000	2,394	1,250
750/-	01	1,500,000	03	500,000	1,696	9,300
1500/-	01	3,000,000	03	1,000,000	1,696	18,500
7500/-	01	15,000,000	03	5,000,000	1,696	93,000
15000/-	01	30,000,000	03	10,000,000	1,696	185,000
25000/-	01	50,000,000	03	15,000,000	1,696	312,000
25000/- Premium Bond	02	30,000,000	05	10,000,000	700	300,000
40000/-	01	75,000,000	03	25,000,000	1,696	500,000
40000/- Premium Bond	01	80,000,000	03	30,000,000	660	500,000
Note : Rs. 25,000/- Prize Bond are discontinued, last date to return in banks is May 31, 2021. Rs. 40,000/- Prize Bond are discontinued, last date to return in banks is March 30, 2020.

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