PRIZE BONDS Complete Information
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www.prize-bonds.blogspot.com
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 and Rs.40,000. 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
(Rs)
First Prize 2nd Prize 3rd Prize No. Amount(Rs) No. Amount(Rs) No. Amount(Rs) 200/- 01 750,000 05 250,000 2,394 1,250 750/- 01 1,500,000 03 500,000 1,696 9,300 1,500/- 01 3,000,000 03 1,000,000 1,696 18,500 7,500/- 01 15,000,000 03 5,000,000 1,696 93,000 15,000/- 01 30,000,000 03 10,000,000 1,696 185,000 40,000/- 01 75,000,000 03 25,000,000 1,696 500,000 * For the prize bond draws to be held on or after 15th February, 2009.
