The outstanding balance of ‘7.37% GS 2023’ is repayable at par on April 15^th, 2023 (16^th April, 2023 being holiday). 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, the 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) 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 Securities at par: holders must provide bank account details or tender securities for payment. Repayment of Government Securities at scheduled maturity is payable at par and interest ceases from that date; if the repayment day is a holiday under the Negotiable Instruments Act, 1881, paying offices in the State will repay on the previous working day. Registered holders in Subsidiary General Ledger, Constituent Subsidiary General Ledger or by Stock Certificate will be paid by pay order incorporating bank account particulars or by electronic credit, and must submit bank particulars in advance; absent those particulars, holders may tender duly discharged securities at Public Debt Offices, Treasuries/Sub Treasuries or specified bank branches for repayment.