The outstanding balance of ‘8.20% OIL MKN GOISPL BOND 2023’ is repayable at par on November 10, 2023. 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.

Bond repayment at par on maturity; holders must provide bank details for electronic credit or tender securities early. Outstanding principal of the 8.20% OIL MKN GOISPL BOND 2023 is redeemable at par on the maturity date with no interest payable thereafter; if a State Government holiday occurs under the Negotiable Instruments Act, repayment in that State will be made on the preceding working day. Payment to the registered holder will be by pay order incorporating bank particulars or by electronic credit to a bank account able to receive funds; holders must submit bank account particulars in advance. Absent such particulars, holders may tender discharged securities at Public Debt Offices, Treasuries/Sub Treasuries, or specified bank branches twenty days before maturity to enable repayment.