PRESS COMMUNIQUE

Repayment of ‘6.20% FERT CO GOI SPLBOND 2022’

The outstanding balance of ‘6.20% FERT CO GOI SPLBOND 2022’ is repayable at par on December 23, 2022 (December 24, 2022 being a Holiday on account of Fourth Saturday). 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 of India

Ministry of Finance

Department of Economic Affairs

Budget Division

North Block,

New Delhi-110 001

Dated: December 02, 2022

Repayment of government security maturity: holders must provide bank account details or tender securities for payment. Repayment at par is payable on the maturity date with no further interest; if the repayment day is a holiday, payment occurs on the previous working day. Under Government Securities Regulations, 2007, payment to registered holders must be by pay order with bank account particulars or by credit to an account capable of receiving electronic funds; holders should submit bank mandates in advance. Absent bank particulars, holders may tender discharged securities at Public Debt Offices, Treasuries/Sub-Treasuries or specified bank branches twenty days before the due date to obtain repayment.