National Savings Organization designed a new plan for students by launching a One hundred Rupees bond by the name of Students Welfare Bond. This will be offered from Nov 16th, 2012 at Post offices, National Saving Centers and all commercial banks. The 1st prize of this Prize Bond will be Rupees 700,000/- however 2nd and 3rd prizes are Rupees 200,000/- and Rupees 1,000/- respectively will be given to lucky winners.
1st lucky draw of this bond will be held on Feb 15th, 2013. This Rupees 100 Prize bond is designed for youth that is the 62% of the entire population of our country.
In the meantime SBP has said that older notes of Rupees 500/- may be replaced until 1st Oct – Monday, from any commercial bank.