The daily reporting of encashment of cited denomination prize bonds shall continue till March 31, 2020. The prize bonds physically held by commercial bank branches shall be surrendered to concerned SBP BSC field office through respective regional office of the commercial banks, as stipulated in CMD letter dated June 24, 2019.

It is imperative to mention that the prize bonds shall be accepted by SBP BSC offices based on the data reported by the banks. Therefore, all commercial banks shall ensure that the reported data is accurate and complete in all respect.

Copyright Business Recorder, 2020