114th Prize Bond Draw on 31st January 2024

The eagerly awaited 114th Prize Bond Draw is set to take place on 31st January 2024, bringing excitement and anticipation to countless individuals across Bangladesh. Organized by the Bangladesh Bank, this periodic draw serves as a financial opportunity for those who have invested in prize bonds, a government-issued, risk-free financial instrument.

What Are Prize Bonds?

Prize bonds are a popular savings mechanism in Bangladesh, offering individuals a chance to win significant monetary prizes through periodic draws. They are issued in denominations of BDT 100, making them accessible to a wide range of people. These bonds are not interest-bearing but are instead linked to a lottery system where winners are chosen randomly in quarterly draws.

The Draw Process

The prize bond draw is conducted under the supervision of the Ministry of Finance to ensure transparency and fairness. Each bond is assigned a unique number, and winners are selected through a random lottery. The draw follows strict guidelines and is conducted publicly to maintain credibility and trust among participants.

Prizes for the Winners

The 114th Prize Bond Draw will offer attractive cash prizes for winners across different tiers. While the exact prize structure remains consistent with previous draws, the following tiers are expected:

  1. First Prize: BDT 6,00,000
  2. Second Prize: BDT 3,25,000
  3. Third Prize: BDT 1,00,000 (for two winners)
  4. Fourth Prize: BDT 50,000 (for multiple winners)
  5. Consolation Prizes: Smaller amounts for additional participants.
Why Participate in Prize Bond Draws?

  1. Risk-Free Investment: Prize bonds are backed by the government, ensuring the safety of your money.
  2. Tax-Free Winnings: Unlike other forms of lottery, the prize money won from prize bonds is tax-free, adding to its appeal.
  3. Liquidity: Prize bonds can be encashed anytime, making them a flexible financial instrument.
  4. Equal Opportunity: Everyone who owns a bond has an equal chance of winning, regardless of the number of bonds they hold.
Important Notes for Participants

  • Ensure your prize bond numbers are registered and valid.
  • Retain your purchase receipt for verification if you win.
  • Results will be published on the Bangladesh Bank's official website and major newspapers on the draw date.
A Tradition of Hope

The prize bond draw has become a tradition of hope and opportunity for millions of Bangladeshis. For many, it represents a dream of financial relief or an unexpected windfall that could change their lives. With the 114th draw around the corner, participants are gearing up to see if luck will favor them this time.

Whether you’re a seasoned participant or a first-time investor, the prize bond draw is a symbol of optimism and a testament to the government's effort to promote small savings in the economy.

Mark the Date

Don’t miss the 114th Prize Bond Draw on 31st January 2024. Your investment might just turn into a life-changing reward!