The outstanding balance of ‘8.15% GS 2022’ is repayable at par on June 10, 2022. No interest will accrue thereon from the said date. In the event of a holiday being declared on repayment day 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.

Government security repayment: holders must provide bank details for electronic credit or tender securities at paying offices before maturity. Repayment of the 8.15% government security is payable at par on maturity and stops accruing interest from that date; if a State Government declares a holiday under the Negotiable Instruments Act, paying offices in that State will repay on the previous working day. Under Government Securities Regulations, 2007 sub regulations 24(2) and 24(3), maturity proceeds are payable by pay order with bank particulars or by credit to the holder's bank account via electronic means, for which holders must submit bank particulars in advance. Absent such particulars, holders may tender duly discharged securities at designated paying offices twenty days before maturity.