Bank of Punjab Launches Special Lottery for CM Punjab Interest-Free Bike Scheme Students

The Bank of Punjab has launched a special lottery campaign to encourage students participating in the CM Punjab Interest-Free Bike Scheme to complete their pending loan procedures. This initiative, starting on November 27, 2025, targets students whose bike loans have been approved but who have not yet digitally accepted the terms and conditions or deposited their required equity amount.

The bank has sent SMS links to the mobile numbers of guarantors, allowing students to finalize their loan process and automatically enter the prize draw by submitting their equity amount and digitally accepting the terms through the bank’s portal. The lottery is divided into two phases. In the first phase, from November 27 to December 6, students completing the process are eligible to win laptops, iPhones, and Umrah tickets. In the second phase, from December 7 to December 16, students have the opportunity to win iPhones and Umrah tickets.

The campaign is designed to motivate students to promptly complete their loan formalities while offering exciting rewards. By participating, students can secure their interest-free bikes and increase their chances of winning valuable prizes. The Bank of Punjab highlighted that terms and conditions apply to all participants, making it essential for students to complete the process within the specified time frame. This initiative aims to combine financial assistance with incentives, ensuring more students benefit from the interest-free bike scheme while promoting timely completion of loan requirements.