The 24th draw of Rs.100 denomination prize bond, specially designed for students, will be held at State Bank of Pakistan (SBP) on November 15.

President Multan Chamber of Commerce& Industry, Sarfaraz Ahmad and Post Master General (PMG) South Punjab, Akram Nawaz, will be Chairman of the draw.

Out of 1203 prizes, first prize of Students Welfare Draw will be Rs.700,000 while three prizes of Rs.200,000 each will also be disbursed among lucky winners.

As many as 199 prizes of Rs.1,000 will also be given through the draw.

The bond consisting of 110 series will be included in the draw from A to DP series which were bought until September 14 last.

Student welfare bond was introduced to inculcate habit of saving among the students.