The period for cashing prize bonds of Rs. 25,000 and Rs. 40,000 has been extended. The period for cashing prize bonds of Rs 25,000 and Rs 40,000 has been extended. Those who have not yet cashed the bonds have been given a respite till September 30. Both the bonds will not be valid from October. According to details, the government has extended the period for cashing prize bonds of Rs 40,000. According to the notification issued by the Ministry of Finance, the period for cashing prize bonds of Rs 40,000 has been extended till September 30.
The Ministry of Finance has also extended the period for cashing prize bonds of Rs 25,000 till September 30. It may be recalled that earlier the government had announced the abolition of Rs 7,500 and Rs 15,000 prize bonds. The deadline for investors to cash 15,000 bonds is June 30, 2021.The prize bond of Rs 15,000 will be considered as scrap paper from July 1.
There will be no lottery for 15,000 bonds. According to the Ministry of Finance, from January 1, 2022, the prize bond of Rs. There will be no draw for this bond in May. The money will be transferred to the account on return of the bonds. According to the finance ministry, the government has canceled 25,000 and 40,000 bonds to curb corruption and money laundering. Reward bonds worth Rs 15,000 worth Rs 190 billion are in circulation in the country. According to the Finance Ministry, prize bonds worth Rs 126 billion worth Rs 7,500 are circulating in the country.
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