Security Repayment of
8.27% of 2020 Security - Issue of Press Communiqué
[13 May 2020]
The repayment of Government security is due as per details given
below:
|
Table: Details of GoI Security maturing on June 09, 2020 |
||||
|
Sl. No. |
Name of Security |
Scheduled Date of
Repayment |
Effective date of
Repayment |
No Interest Accrual
from scheduled date of Repayment |
|
(1) |
(2) |
(3) |
(4) |
(5) |
|
1. |
8.27% GS 2020 |
June 09, 2020 (Tuesday) |
June 09, 2020 (Tuesday) |
June 09, 2020 (Tuesday) |
The outstanding balance under
’8.27% Government Security 2020’ will be repayable on the effective date of repayment
as indicated in column 4 of above table. In the event of a holiday being declared
on effective day of repayment by any State Government under the Negotiable Instruments
Act, 1881, the Loan/s will be repaid by the paying offices in that State on the
previous working day.
As per sub-regulations 24(2)
and 24(3) of Government Securities Regulations, 2007 payment of maturity proceeds
to the registered holder of Government Security held in the form of Subsidiary General
Ledger or Constituent Subsidiary General Ledger account or Stock Certificate shall
be made by a pay order incorporating the relevant particulars of his bank account
or by credit to the account of the holder in any bank having facility of receipt
of funds through electronic means. For the purpose of making payment in respect
of the securities, the original subscriber or the subsequent holders of such Government
Securities, shall submit the relevant particulars of their bank account well in
advance. However, in the absence of relevant particulars of bank account/mandate
for receipt of funds through electronic means, to facilitate repayment of the
Loan on the due date, holders may tender the securities, duly discharged, at the
Public Debt Offices, Treasuries/Sub-Treasuries and branches of State Bank of India
(at which they are enfaced / registered for payment of interest) 20 days in advance
of the due date for repayment.
Full details of the procedure
for receiving the discharge value may be obtained from any of the aforesaid paying
offices.