Bonanza for Indian, Pakistani investors from National Bonds on independence days

National Bonds Corporation will for the first time offer double chances to win to its Pakistani and Indian bondholders for all draws that will be held from now until Monday, September 9, to mark the occasion of Pakistan’s independence day on 14 August and India’s independence day on 15 August.

The initiative comes as part of NBC’s efforts to encourage the Indian and Pakistani bondholders within the UAE as well as the ones in their home countries to increase their savings with National Bonds to benefit from its richest rewards programme. Pakistanis, Indians, and individuals across the globe can subscribe to the scheme through www.nationalbonds.ae

Currently, 198,012 Indians and 63,752 Pakistan nationals save with National Bonds.

Since the launch of National Bonds in 2006, 125 bondholders including 22 Indian and 17 Pakistani nationals have become millionaires through the scheme’s rich rewards programme. Additionally, Indian bondholders have bagged 338,952 prizes while Pakistani bondholders have won 186,787 prizes till date.

Mohammed Qasim Al Ali, CEO of National Bonds Corporation, said: “We are pleased to double the chances of winning for our Indian and Pakistani bondholders. National Bonds is keen to offer an alternative, rewarding and sharia compliant savings platform to meet the expectations of its expatriate bondholders. Towards this end, we offer various segments of our bondholders tailor made programmes and an extensive range of opportunities to grow their savings steadily.”

National Bonds’ rewards programme offers over Dh46 million worth of prizes annually, including the Dh1 million cash prize in the first week of every month, as well as the weekly rewards of two BMW luxury cars, two gold bonds dedicated for female bondholders and school tuition fees tailored for two lucky minors.

Additionally, the new rewards structure offers one cash award of Dh50 every minute of every day. Of the corresponding 1,440 daily cash awards, 200 each are reserved for female and minor bondholders while 200 are allocated for subscribers holding a direct debit arrangement with their respective banks or payroll deduction as part of the Employee Savings Program.

National Bonds, which is licensed and regulated by the UAE Central Bank, provides UAE nationals, UAE residents and non-residents with a credible and safe savings opportunity. Minors can also own National Bonds, provided the bonds are purchased by the parent/guardian. Each bond costs Dh10, with a minimum purchase of Dh100.

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