15000 Prize Bond in 2026: Withdrawn — Status, Deadline and Options
The prize bond 15000 was withdrawn from circulation by the Government of Pakistan, and no draws are held for this denomination in 2026. If you are searching for a prize bond 15000 draw result or schedule, this guide explains the withdrawal, the final encashment deadline that has now passed, and what options holders were given (updated 15 October 2026).
The withdrawal of the prize bond 15000 was part of the government’s documentation drive against high-value bearer instruments. Along with the Rs. 7,500, Rs. 25,000 and Rs. 40,000 bearer bonds, the Rs. 15,000 bonds were removed from the draw schedule and holders were given an extended window to encash or convert them.
Prize Bond 15000 Withdrawal: Key Facts
The prize bond 15000 withdrawal means this denomination no longer participates in quarterly draws and no new bonds of this value are issued. The State Bank of Pakistan instructed commercial banks across the country to accept encashment, conversion and replacement requests from the public.
The final deadline for encashment or conversion was 30 June 2023, after several extensions from earlier dates. The State Bank stated clearly that after the extended deadline, the withdrawn bonds would not be encashable or exchangeable — making unredeemed bonds effectively worthless.
According to the central bank’s own reporting at the time, billions of rupees worth of withdrawn bonds across these denominations remained unredeemed even as deadlines approached, which is why the government granted a final extension.
Options Given to Bondholders
Before the deadline, holders of the 15000 prize bond had three options:
1. Encashment at face value — redeem the bond for Rs. 15,000 in cash.
2. Conversion to registered premium bonds — convert into Rs. 25,000 and/or Rs. 40,000 premium prize bonds, which are issued against the holder’s CNIC and linked to a bank account.
3. Replacement with savings certificates — swap the bonds for Special Savings Certificates (SSC) or Defence Savings Certificates (DSC).
Redemption was handled through the SBP Banking Services Corporation offices and branches of commercial banks across the country, with the SBP issuing compliance instructions to all banks.
What If You Still Hold a 15000 Bond?
If you still hold a prize bond 15000 after the final deadline, the official position is that it cannot be encashed or exchanged. Because significant sums are involved, holders in this situation should visit the nearest SBP Banking Services Corporation office or a National Savings centre to confirm the current position in person.
Be wary of fraud: anyone offering to buy withdrawn bonds at a discount or promising unofficial encashment is almost certainly running a scam. Deal only with SBP offices, National Savings centres or authorised bank branches. Official guidance on withdrawn instruments has consistently directed holders toward SBP offices rather than agents or intermediaries.
For the denominations that remain active in 2026, see our complete prize bond draw schedule and the prize bonds hub.
Historical Prize Structure (For Reference)
When the 15000 prize bond was still active, each draw offered one first prize of Rs. 30,000,000, three second prizes of Rs. 10,000,000 each and 1,696 third prizes of Rs. 185,000 each. These figures are now historical only, since no draws have been held since the withdrawal.
Frequently Asked Questions
Is there a 15000 prize bond draw in 2026?
No. The prize bond 15000 was withdrawn and no draws are scheduled for this denomination in 2026.
What was the last date to encash withdrawn 15000 bonds?
The final extended deadline was 30 June 2023, per the State Bank of Pakistan. See the official SBP press release on withdrawn prize bonds.
Can withdrawn 15000 bonds be converted now?
The conversion window closed with the 30 June 2023 deadline. The current official position should be confirmed at an SBP Banking Services Corporation office.
Which denominations replaced the withdrawn bonds?
Registered premium prize bonds of Rs. 25,000 and Rs. 40,000 remain active with quarterly draws — these are CNIC-linked and cannot be held anonymously. More on the withdrawal timeline is in Business Plus’s SBP coverage.
Do withdrawn bonds have any value today?
Officially, unredeemed withdrawn bonds cannot be encashed or exchanged after the deadline, so they hold no redemption value.
15000 Prize Bond Withdrawn: What Holders Must Do
The prize bond 15000 denomination has been withdrawn from circulation as part of the government’s move against bearer instruments. If you hold these bonds, the 15000 prize bond last date for encashment or conversion is critical: missing the deadline risks losing the face value.
Holders can opt for 15000 prize bond encashment at designated banks or convert the amount into premium prize bonds or government securities. Past 15000 prize bond draw results remain valid for prizes won before withdrawal, so check the prize bond 15000 result lists if you have not already.
Frequently Asked Questions
Where can I encash withdrawn bonds? At State Bank offices and designated commercial bank branches. Carry your original CNIC.
Can I still win prizes on old bonds? Draws for withdrawn denominations have stopped; only encashment or conversion remains.
What are the alternatives? Premium prize bonds, which are registered, and regular prize bond denominations still in circulation.
More on the 15000 Prize Bond Withdrawal
The prize bond 15000 withdrawal is part of documenting the economy and curbing untraceable bearer instruments. Holders should act before the 15000 prize bond last date to encash or convert. The 15000 prize bond encashment process at banks requires the original bond and CNIC.
Historical 15000 prize bond draw results remain verifiable for prizes already won. If you missed checking, review the prize bond 15000 result archives on the National Savings website before surrendering your bonds.
More FAQs
What documents do I need for encashment? Original prize bonds and your original CNIC, plus photocopies.
Can I convert to premium bonds? Yes, conversion into registered premium prize bonds is one of the official options.
Holders of the prize bond 15000 denomination should not delay: visit designated banks with original bonds and CNIC before the 15000 prize bond last date. The 15000 prize bond encashment process is straightforward, and conversion options preserve your savings.
For the 15000 prize bond encashment process, carry original bonds and your CNIC to a designated bank branch. The 15000 prize bond encashment is free of charge, and staff will guide you through the 15000 prize bond encashment form if you are doing it for the first time.
The prize bond 15000 encashment process at designated banks is straightforward: present your original bonds with your CNIC. Complete your prize bond 15000 encashment before the deadline to avoid any risk to your savings.
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