July 4, 2024
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Repayment of government security: maturity paid at par with electronic credit required; alternative in-person tender permitted.
Repayment of the 8.40% government security is at par on the maturity date and interest stops thereafter; if the repayment day is a weekend or a State-declared holiday under the Negotiable Instruments Act, payment is made on the preceding working day. Maturity proceeds for holders in Subsidiary General Ledger, Constituent Subsidiary General Ledger or Stock Certificate form must be paid by electronic credit or pay order per sub-regulations 24(2) and 24(3) of the Government Securities Regulations, 2007, and holders must submit bank account particulars in advance; absent those particulars, holders may tender discharged securities at designated paying offices twenty days before the due date.