Prize Bonds Calculator

Investing in prize bonds can be fascinating, especially when you don’t have regular ‘fixed’ savings or an amount sufficient to generate any useful return. For example, with just Rs10000, you could buy a whole 100-bond lot of Rs100 bonds, called the student bonds, while the same Rs10000 invested in a savings account yield just Rs70-75 per month after tax. Besides, Prize bonds can also hold a luck factor for many people, wherein if you get the first prize the return on investment is sometimes 1000 times your capital. This following calculator provides you an idea about how various denominations of prize bonds hold the chance of offering you a prize. Special emphasis is placed on the third prize chance, as this is what most of the prize bond savers get when holding bonds for a long period.