Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is meant by Open Market Rate for prize bonds?

April 26, 2017bonds market meant prize rate

0

Posted

What is meant by Open Market Rate for prize bonds?

1 Answer

0

Posted

Ans. State Bank and commercial banks stop selling and purchasing prize bonds after one month of draw of a particular prize bond denomination. However, transactions continue in open market with premium. This premium increases as the date of draw comes closer. This is called open market rate. These rates are updated regularly at http//prizebonds.kalpoint.com.