The Central Directorate of National Savings (CDNS) initiated a new registered prize bonds scheme called “PREMIUM PRIZE BONDS (REGISTERED)” parallel to the National Prize Bonds Scheme. Contrary to the National Prize Bonds (bearer), the Premium Prize Bond is a registered prize bond which is issued in the name of registered investor. The investor gets a six monthly profit on investment at a rate notified by the Government of Pakistan upon completion of six month period either from the date of issue or date of last profit paid in addition to eligibility for prize money in quarterly draws, subject to compliance to shut period requirements.