The Rs 1500 prize bond draw is once again creating excitement among investors and savers across Pakistan, as the first draw of 2026 is set to take place in Lahore. Conducted by the National Savings Centre, this draw offers citizens a chance to win substantial cash prizes while keeping their investment secure. Prize bonds remain one of the most popular saving instruments in the country due to their simplicity, safety, and potential rewards.
In the first paragraph itself, it is important to note that the Rs 1500 prize bond draw will be held on February 16, 2026, in Lahore. This draw marks the first opportunity of the year for bondholders to test their luck and potentially win millions of rupees.
What Is a Rs 1500 Prize Bond?
Prize bonds are government-backed bearer instruments issued by the State Bank of Pakistan. Instead of earning fixed interest, bondholders get a chance to win prizes through quarterly draws. The Rs 1500 denomination is particularly popular because it balances affordability with attractive prize amounts.
The Rs 1500 prize bond draw attracts thousands of participants every time, as it offers a higher first prize compared to lower-denomination bonds while still remaining accessible to middle-income savers.
Who Can Buy Prize Bonds?
All Pakistani citizens are eligible to purchase prize bonds. Bonds can be bought from:
- State Bank of Pakistan Banking Services Corporation (SBP-BSC) offices
- Authorized commercial bank branches
- National Savings Centres
To purchase a bond, applicants must submit the required form along with a copy of a valid Computerized National Identity Card (CNIC). This process ensures transparency and compliance with financial regulations.
Prize Money for Rs 1500 Prize Bond
According to official details released by the central bank, the prize structure for the Rs 1500 prize bond draw is as follows:
- First Prize: Rs 3,000,000 (one winner)
- Second Prize: Rs 1,000,000 each (three winners)
- Third Prize: Rs 18,500 each (1,696 winners)
This prize distribution ensures that not only one but thousands of participants benefit from every draw, making prize bonds appealing to a wide range of investors.
Tax Deduction on Prize Bond Winnings
Prize money is subject to tax under Pakistani law, and the deduction depends on the winner’s tax-filing status:
- Tax filers: 15% tax deduction
- Non-filers: 30% tax deduction
This means that registered tax filers take home a significantly larger portion of their winnings. If you regularly invest in prize bonds, becoming a filer can make a meaningful financial difference in the long run.
How to Claim Prize Bond Winnings
If your bond number appears in the Rs 1500 prize bond draw results, claiming the prize is straightforward. Winners can collect their prize money from:
- Any SBP-BSC field office
- Designated commercial bank branches
- National Savings Centres
To claim the prize, winners must fill out the official claim form and present the original prize bond along with a copy of their CNIC. After verification and tax deduction, the prize amount is released.
Draw Date and Location
The first Rs 1500 prize bond draw of 2026 will be held on February 16, 2026, in Lahore. The results are usually published on the same day or shortly afterward through official channels, allowing bondholders to quickly check their numbers.
Why Prize Bonds Remain Popular
Prize bonds continue to be a trusted savings option in Pakistan for several reasons:
- Backed by the government, making them secure
- Easy to buy and sell
- No risk of capital loss
- Opportunity to win large cash prizes
For many people, participating in the Rs 1500 prize bond draw is a disciplined way to save money while keeping the excitement of a potential windfall alive.
The upcoming Rs 1500 prize bond draw in February 2026 offers another chance for Pakistanis to turn their savings into a life-changing reward. Whether you are a long-term investor or someone trying their luck for the first time, prize bonds remain a simple and reliable financial tool.
As the draw date approaches, bondholders are advised to keep their bonds safe and check results carefully. With millions of rupees up for grabs, the Rs 1500 prize bond draw continues to hold its place as one of Pakistan’s most anticipated financial events.
