The Central Directorate of National Savings (CDNS) initiated a new registered prize bonds scheme called “PREMIUM PRIZE BONDS (REGISTERED)”.
In order to facilitate account holders of commercial Banks and to increase the outreach of this scheme by utilizing extensive Branch network, it has been decided by the competent authority to authorize all commercial Banks to participate in the scheme. The cited scheme will be initiated from February 1, 2021. Registered Premium Prize Bond would be issued for denomination “25,000” & “40,000”.
SOPs of Premium Prize Bond, application forms, annexures for reporting and FAQs received from State Bank are attached for the information of all and understanding of Branches and other units of the Bank involved in the process.