The notification said that circulation of Rs. 7,500 prize bond will be seized immediately, and no one would be authorized to manage or trade the prize bond with an identification value of Rs. 7,500, beginning immediately.
Rs. 7,500 bondholders are given the following three options to convert their bonds:
- Convert to higher denomination bonds of Rs. 25,000 or Rs. 40,000
- Replace with Special Saving Certificates
- Or encash the bonds.
It must be noted that for those who want to convert their Rs. 7,500 bonds with higher denomination bonds can do so through six commercial banks,
i.e: NBP, HBL, UBL, MCB Bank, Allied Bank Limited.