The Type of Prize Bonds are bearer security. These prize bonds are issued in series. There are one less than 999,999 bonds in each series. After every three months draws are held for a specific denomination (200, 750, 1,500, 7,500, 15,000 and 40,000. Although the Prize Bond’s Scheme is said to be the only lawful source for poor and middle class people to become rich, due to number of prize bonds in circulation and after raising the number of prize bond series from 99,999 to 999,999, the chance of win have reduced 10 times.
