Win Rs. 100 Million With New SBP Prize Scheme

Meanwhile, the State Bank of Pakistan's (SBP) Pasban Remittance Reward Scheme gives eligible remittance beneficiaries a chance to win cash prizes of up to Rs.

Key points

• The first draw will be held on January 15, 2027, and will cover eligible remittances received from October 1 to December 31, 2026.
• For example, receiving $100 in October, $200 in November, and $300 in December would generate six entries in total.
• 10 Lac Cash Prize for 10, 000 Overseas Pakistanis.
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• For example, receiving at least $100 in October, November, and December makes the beneficiary eligible for the quarterly draw covering that period.

Meanwhile, the scheme has a total annual prize pool of Rs. 16 billion, with 2, 521 prizes worth Rs. 4 billion distributed every quarter. Here is how the scheme works and how you can qualify.

Meanwhile, a beneficiary must receive a home remittance equivalent to at least $100 every month for three consecutive months within a quarter.

Meanwhile, the remittances must be received in a bank account through formal banking channels.

SBP Announces Rs. 10 Lac Cash Prize for 10, 000 Overseas Pakistanis.

For example, receiving at least $100 in October, November, and December makes the beneficiary eligible for the quarterly draw covering that period. How to Earn Entry Numbers.

Eligible beneficiaries receive digital, non-transferable entry numbers based on the amount of remittance received each month.

Notably, a $100 remittance earns one entry number, provided the beneficiary meets the three-month consecutive remittance requirement. Higher remittances generate more entries in proportion to the amount received.

For example, receiving $100 in October, $200 in November, and $300 in December would generate six entries in total. Month Remittance Entry Numbers. How Much Can You Win?

Each Quarterly draw will distribute 2, 521 cash prizes worth Rs. 4 billion. Prize Number of Winners Prize Amount. 1st Prize 1 Rs. 10 crore. 2nd Prize 20 Rs. 2.5 crore each. 3rd Prize 100 Rs. 1 crore each. 4th Prize 2, 400 Rs. 10 lac each.

Meanwhile, the Rs. 10 lac prize will be awarded to 2, 400 beneficiaries in every quarterly draw. Over four draws, this means 9, 600 beneficiaries can win Rs. 10 lac each in one year.

Overall, more than 10, 000 beneficiaries will receive prizes annually, with the total annual prize pool reaching Rs. 16 billion. When is the First Draw?

For context, the first draw will be held on January 15, 2027, and will cover eligible remittances received from October 1 to December 31, 2026.

For context, the draws will take place every quarter through a fully digital and auditable process. Which Countries are Covered? The quarterly prizes will be distributed according to major remittance regions. Region Share of Prizes.

Meanwhile, the Rs. 10 crore first prize will be open to beneficiaries receiving remittances from all regions. Is there any fee to enter? No. Participation in the Pasban Remittance Reward Scheme is free.

Eligible beneficiaries will not have to pay a fee, purchase a ticket, maintain a minimum balance, or produce any other payment to participate. Iran Embarasses Israel in Unique Stunt. When will the winners be confirmed?

As well as on the official websites and social media accounts of participating banks and the Pakistan Banks Association, draw results will be created public on the scheme's dedicated webpage.

To maximize eligibility, beneficiaries should ensure that qualifying remittances of at least $100 are received through a bank account in three consecutive months within the relevant quarter. Stay Connected with ProPakistani.

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For now, win Rs. 100 Million With New SBP Prize Scheme remains the part of the story worth watching, and further updates are likely as more details are confirmed.