Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Repayment of ‘7.72% GS 2025’

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....epayment of ‘7.72% GS 2025’<BR>News and Press Release<BR>Dated:- 3-5-2025<BR><BR>The outstanding balance of '7.72% GS 2025'&nbsp;is repayable at par&nbsp;on May 23,&nbsp;2025&nbsp;(May 24 and 25, 2025 being Non-working Saturday and Sunday respectively).&nbsp;No interest will accrue thereon from the said date. In the event of a holiday being declared on&nbsp;repayment day&nbsp;by any State Gove....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rnment under the Negotiable Instruments Act, 1881, the Loan/s will be repaid by the paying offices in that State on the&nbsp;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 accoun....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t 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 p....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....articulars 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 / regi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....stered for payment of interest)&nbsp;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.<BR> News - Press release - PIB....