Prize Bond With a view to mobilising domestic resources and providing incentive to the small savers, the government of Bangladesh introduced Bangladesh Prize Bond Scheme in June 1974. The bonds issued so far under this scheme are 'bearer' in nature and as such the holders are treated as the owners of the bonds. These bonds are in fact government debt and on behalf of the government, bangladesh bank is responsible for entire management of the scheme. Prizebonds do not bear any interest. But there is a system of regular prize draw with a certain period of intervals and on the basis of the results the prizes are given as per the rules set for bonds concerned. The bonds can be purchased from the offices of Bangladesh Bank, branches of the authorised commercial and specialised banks, National Saving Bureau and the post offices. A scheme for sale of prizebonds in the United Arab Emirates and UK was introduced in November 1979 and October 1980 through janata bank and sonali bank respectively.
The first issue of prizebond was of 10-taka denomination, which was introduced in June 1974. Up to June 1995, 82 series of 10-taka prizebonds were put on sale and the progressive net sale of the bond stood at Tk 160 million as of end June 1995. A total of 110 draws of these bonds were held on bimonthly basis under the single common draw system. The prizes of the draws were: first prize - Tk 50,000 (one for each series), second prize - Tk 10,000 (one for each series), third prize - Tk 1000 (four prizes for each series), fourth prize - Tk 500 (four prizes for each series), and fifth prize - Tk 100 (ninety prizes for each series).
Get Prize Bond Result of Bangladesh
Bangladesh Bank 65th Prizebond Result october 31, 2011