Finance Ministry Request to Discontinue Rs.7500, Rs.15000, Rs. 25,000 Prize Bonds
The Ministry of Finance has proposed suspending the sale of prize bonds of three groups – Rs. 7,500, Rs. 15,000, and Rs. 25,000 with prompt impact.The Finance Division told a gathering that the administration has propelled premium prize bonds of Rs. 40,000 category that offer both, half-yearly benefit and the prize on quarterly draws, in an offer to advance documentation of the economy and offer better outcomes to the financial specialists.The Finance Division had proposed to pull back the Rs. 40,000 conveyor prize bonds with quick impact. It kept up that the open ought to be given the alternative of change to enroll premium prize bonds, supplanting with Special Saving Certificates/Defense Saving Certificates, or encashment through ledgers.The division proposed that further sale of b...