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 150 winners of 2nd Prize and so on. Prize bonds Scheme is the only lawful source for poor and middle class people to become rich overnight and making their dreams come true but this scheme has been ignored awfully, Recently, profit rates on five saving schemes namely Defense Saving Schemes ? DSS, Regular Income Certificates ? RIC, Behbood Saving Certificates ? BSC, Savings Accounts ? SA and Special Saving Certificates ? SSC have been increased by 8 to 50 basis points but Prize Bond Scheme was not given consideration at all. Tragically, the increase of profit rates on these mentioned schemes will not lessen dues burden of Rs. 150 billion or more on account of Defense Saving Certificates maturing in the near future. Prize Bonds? Scheme is the only rescuer in this regard, provided the following suggestions are duly implemented,
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Student Welfare Bond (SWB) Rs.100 Prize bond The National Savings Pakistan announced a `Student Welfare Bond', which will be available at office of National Saving Centres, Post offices and all scheduled banks. This was stated by Director General National Savings, Zafar Mehmood during a meeting with delegation of National Youth Assembly. He said, "The purpose of introducing this Bond is to create the propensity of savings among youth; the 62 percent of the total population", says a press release here Monday.Zafar Mehmood said Student Welfare Bond would promote the habit of small savings among the students, and each bond would be issued before two months proceeding the date of draw should qualify for a prize This programme would be run under Public Debt Act 1944 and the ratio of taxation would be levied according to the existing law", he further informed.He further said one saving bond would be of Rs 100 and there is no upper limit on its buying, adding that this scheme is not intended for generating money but to promote saving culture in youth.Lucky draw of the Students Welfare Bonds will be held after each quarter and maximum prize of these bonds would be Rs 700,000, along with other small prizes.Zafar Shaikh said that the National Savings Organization was fully committed to provide maximum relief to small savers as the organization provides market-based return to small and middle class savers by introducing the prize bond of lowest denomination.
Money is a paper object which is throughout, financing, investing, buying and selling of goods, services, stock, funds, saving bonds, prize bonds, different fixed and current assets. The main function of money is to act as a medium of exchange. Money was introduced when the barter system was to end, barter system refers to process of trading via goods and services, such as buying of one excellent will lead to trade one good or one service. Barter system was giving inequality in income and wealth distribution that is why means of paper money started. The barter system was facing a problem of a number of limitations and including the problem of double demand of product coincident. In a barter system, there was an absence of common measure; some of the set goods were indivisible, difficulties of unrealized gross profit/payment, and difficulty of storing the wealth in the form of goods and services. Barter system was not reliable in investing and financing procedure. Where as paper money is divisible, portable, liquid and easy to carry from one place to another and able to store your wealth. And the biggest good factor/ feature of money is that it is totally reliable in the process of investing and financing in capitals, shares, premium bonds, prize bonds, saving bonds.
Functions of money are to offer itself as a medium of exchange in trading of goods and services. It acts as a medium of exchange in all the assets, all the liabilities, paying of expenses, taking income or revenue, sharing or building up a capital for business, investing and financing in saving schemes such as savings certificates, saving bonds, investing in prize schemes such as ticket's prize bond scheming.
If we talk about making money, so it means to earn paper money via different methods, prize bond is one of the methods of making money rapidly and respectfully with white money, which is by state of the nation. Focusing on making money via prize bond can lead us to know that prize bond is a gold investment, it is as gold investment because it is that much worthy as compare to gold rate now days, and it is a cheap but worthy method of making money. You can make money by investing in this field and next wait for the time until the draw is, then the prize bond number of the winner is after that money prize is over to the winner, there are thousands of the winner for each of the bond denominations at every draw. Amount of prize money is a lot more than the amount to be paid while purchasing prize bond thus in such manner money is prize bond is with cash back guarantee.
The most prominent benefit to the investor in this scheme that money of investor is and secured because it offers money-back guarantee that is why prize bonds are a bearer type of security. It is beneficial for investors/money maker people of all the classes and sectors because the prize bond list is a lawful source of making money for poor, middle and upper-middle class through earning white money the winning bond's money is in other businesses which as a. Invested amount, which is by prize bonds works as a source of money making of national income and government. Thus, prize bonds work as a money maker in every single way it is.