The government will close two types of prize bonds — Tk 10 and Tk 50 denominations — permanently on January 31, 2015. Only the prize bonds worth Tk 100 will be valid after the period.
The BB issued a circular to executive directors and general managers of all its branches and managing directors of scheduled banks on Tuesday saying that the clients would have to encash their prize bonds worth Tk 10 and Tk 50 by January 31, 2015.
The clients will be able to exchange the two types of prize bonds with the only available Tk 100 prize bonds.
The clients will not be allowed to claim the prize bond prices of the two categories after the stipulated period.
The BB circular said that the finance ministry made the decision on October 29.
-With New Age input
