The outstanding balance of 5.59% Government Stock 2016   is repayable at par on June 04, 2016.  No interest will accrue there on from the said dates. In the event of a holiday being declared on June 04, 2016 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 and its Associate Banks (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.

Repayment of Government Stock: maturity proceeds payable at par via electronic credit or pay order; submit bank mandate. Maturity proceeds of the Government Stock are payable at par on the due date, with payment to the registered holder by electronic credit to the bank account or by pay order including bank particulars. Holders must submit bank account particulars or mandate in advance; absent those, they may tender duly discharged securities at Public Debt Offices, Treasuries/Sub Treasuries or designated bank branches in advance to facilitate repayment.