The outstanding balance of 7.83% Government Stock 2018 is repayable at par on April 11, 2018. No interest will accrue there on from April 11, 2018. In the event of a holiday being declared on April 11, 2018 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 at par requires bank mandate for electronic credit or physical surrender for discharge. Repayment of outstanding Government Stock is payable at par on maturity with no further interest thereafter; if a State holiday affects the date, payment is made on the preceding working day. Maturity proceeds to registered holders in SGL/CSGL accounts or via Stock Certificate will be paid by pay order with bank particulars or by electronic credit to a bank account able to receive funds, and holders must submit relevant bank particulars or mandate in advance. In absence of such particulars, holders may tender duly discharged securities at designated paying offices in advance to facilitate repayment.