Prize bond in Bangladesh

Prize bond in Bangladesh

Prize Bond a public savings scheme, was introduced by the government of Bangladesh in 1974 with a view to mobilizing domestic resources and providing incentive to the small savers. The bonds issued so far under this scheme are 'bearer' in nature and as such the holders are treated as the owners of the bonds. These bonds are in fact government debt and on behalf of the government, bangladesh bank is responsible for entire management of the scheme. Prize bonds do not bear any interest. But there is a system of regular prize draw with a certain period of intervals and on the basis of the results the prizes are given as per the rules set for bonds concerned.
  

Presently the Govt. of Bangladesh, in order to encourage savings, is offering prize bonds with face value of Tk.100 each. Any Bangladeshi including children can buy any amount of bonds. Only that Prize bond whose date of issuance is at least 60 days prior to the draw date is eligible for draw. You can purchase and sell prize bonds at any branch of any Bank and Post Offices. To claim the prize you need to fill up an application form available at any bank or post office. You should address the General Manager respective branch in the Bangladesh Bank. The valid time period for claiming a particular prize after a draw is 2 years. Each series has 1000000 prize bonds and there are about 26 series. If a prize bond number wins, all prize bonds having that number in every series also win.

Prize Bond draw held as below manner:

31st January, 30th April, 30th July, and 31st October each year.

Prize Bond Claim Form:     Please Click Here

Can you check your prizewinning prize bond Number?     Please Click Here