<h1>India to Repay 11.50% Loan and Floating Rate Bonds, 2011 in August; Submit Bank Details for Smooth Process.</h1> The Government of India announced the repayment of the 11.50% Loan, 2011 on August 5, 2011, and the Floating Rate Bonds, 2011 on August 8, 2011. No interest will accrue on these securities after their respective repayment dates. If a holiday is declared on these dates under the Negotiable Instruments Act, 1881, repayment will occur on the previous working day. Maturity proceeds will be paid via bank account credit or pay order. Holders must submit bank details in advance, or present discharged securities at designated offices 20 days prior to the due date for repayment.