New Delhi [India], Finance Ministry has confirmed the repayment schedule for '8.40 per cent Government Security (GS) 2024', scheduled to mature on July 26, 2024.
According to a press release from the Finance Ministry, considering that July 27 and 28 are non-working days, the repayment will be made on July 26. Investors are advised that no interest will be charged after the maturity date.
As per sub-regulations 24(2) and 24(3) of the Government Securities Regulations, 2007, maturity proceeds of Government securities, or stock certificates held in Subsidiary General Ledger (SGL) accounts, Constituent Subsidiary General Ledger (CSGL) accounts Payment must be made to the registered holder through a payment order containing the required bank account details, or by direct credit to the holder's bank account if electronic funds transfer is available.
To facilitate payment, the original subscriber or any subsequent holder of these Government securities must provide the relevant bank account details in advance.
If the bank account details or order required for electronic fund transfer have not been provided, holders should present their duly discharged securities at the Public Debt Offices, Treasuries/Sub-Treasuries, or branches of the State Bank of India where They are registered for interest payment. Read the press release at least 20 days before the repayment date to ensure timely repayment of the loan.
Details of the procedure for obtaining discharge value can be obtained from any of the above payment offices.
According to a press release from the Finance Ministry, considering that July 27 and 28 are non-working days, the repayment will be made on July 26. Investors are advised that no interest will be charged after the maturity date.
As per sub-regulations 24(2) and 24(3) of the Government Securities Regulations, 2007, maturity proceeds of Government securities, or stock certificates held in Subsidiary General Ledger (SGL) accounts, Constituent Subsidiary General Ledger (CSGL) accounts Payment must be made to the registered holder through a payment order containing the required bank account details, or by direct credit to the holder's bank account if electronic funds transfer is available.
To facilitate payment, the original subscriber or any subsequent holder of these Government securities must provide the relevant bank account details in advance.
If the bank account details or order required for electronic fund transfer have not been provided, holders should present their duly discharged securities at the Public Debt Offices, Treasuries/Sub-Treasuries, or branches of the State Bank of India where They are registered for interest payment. Read the press release at least 20 days before the repayment date to ensure timely repayment of the loan.
Details of the procedure for obtaining discharge value can be obtained from any of the above payment offices.
