https://www.taxtmi.com/news?id=23351 Repayment of maturing Government stock will be made on the effective date, with no interest accrual from the scheduled repayment date; if a State holiday under the Negotiable Instruments Act falls on the effective date, repayment in that State will occur on the previous working day. As per Government Securities Regulations, 2007 (sub regs 24(2) and 24(3)), maturity proceeds to registered holders shall be paid by pay order incorporating bank account particulars or by electronic credit to a bank account with electronic receipt facility. Holders must submit bank account particulars in advance, or otherwise tender duly discharged securities at designated paying offices twenty days before maturity to obtain repayment. en-us Thu, 12 Nov 2020 19:08:32 +0530 Thu, 12 Nov 2020 19:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23351 Repayment of maturing Government stock will be made on the effective date, with no interest accrual from the scheduled repayment date; if a State holiday under the Negotiable Instruments Act falls on the effective date, repayment in that State will occur on the previous working day. As per Government Securities Regulations, 2007 (sub regs 24(2) and 24(3)), maturity proceeds to registered holders shall be paid by pay order incorporating bank account particulars or by electronic credit to a bank account with electronic receipt facility. Holders must submit bank account particulars in advance, or otherwise tender duly discharged securities at designated paying offices twenty days before maturity to obtain repayment. News - Thu, 12 Nov 2020 19:08:32 +0530 https://www.taxtmi.com/news?id=23351