The outstanding balance of ‘9.15% GOVT.STOCK 2024’ is repayable at par on November 14, 2024. 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.

The 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 with electronic-credit or pay-order payment; submit bank particulars to receive maturity proceeds. Outstanding principal of the 9.15% GOVT.STOCK 2024 is repayable at par on maturity with no further interest; repayment moves to the preceding working day if a state-declared holiday affects the repayment date. Payment to registered holders in ledger or certificate form will be made by pay order with bank particulars or by electronic credit, and holders must submit bank-account particulars in advance or tender discharged securities at paying offices within the prescribed advance window to receive the discharge value.