Notification / OM No.
No. CMD/GSSAD/PBU/PB-1/134789/2024
Dated:
02-October-2024
Notification Issued By:
Currency Management Department, SBP Banking Services Corporation (Bank), State Bank Of Pakistan
STATE BANK OF PAKISTAN
SBP Bankin1g Services Corporation (Bank)
Currency Management Department
No. CMD/GSSAD/PBU/PB-1/134789/2024 Dated: October 02, 2024
All Chief Managers
SBP Banking Services Corporation (Bank)
Extension in Last Date for Encashment/Conversion/Redemption of Rs. 40.000/, Rs. 25.000/, Rs. 15.000/- & Rs. 7.500/- Denomination National Prize Bonds Withdrawn from Circulation
This is with reference to CMD Circular No. 48397 dated September 06, 2023 wherein the last date of encashment/conversion/redemption of captioned denominations of National Prize Bonds (NPBs) was communicated as June 30, 2024.
2. In this connection, it is informed that the Finance Division, Government of Pakistan vide Notification Nos. F.16(3)GS-l/2014-584, 585, 586, & 587 dated September 30, 2024 (copies enclosed) has extended the last date for encashment / replacement / conversion of Rs. 40,000/-, Rs. 25,000/-, Rs. 15,000/- & Rs. 7,500/-denomination National Prize Bonds respectively upto December 31, 2024,
3. Accordingly, all offices are advised to accept requests for encashment /conversion /redemption of cited denominations from general public till December 31, 2024. All other instructions regarding handling/processing of withdrawn NPBs shall remain unchanged.
4. Chief Managers are requested to kindly disseminate these instructions to concerned officials for information and meticulous compliance.
Sincerely,
Joint Director
