'4.56% Govt Security 2023’ to be fully repaid Nov 29
New Delhi: The '4.56% Government Securities 2023' will be fully repaid on November 29, 2023, without any additional interest after this date, the Ministry of Finance said in a communique on Tuesday.
However, if a holiday is declared by a state government on the repayment day, the repayment will take place on the preceding working day.
According to Government Securities Regulations, 2007, if the Government Security is held in a Subsidiary General Ledger, Constituent Subsidiary General Ledger account, or Stock Certificate, the maturity proceeds will be paid to the holder through a pay order that includes the holder's bank account details.
This can also be done through electronic means if their bank supports it, provided they furnish their bank account information in advance for this purpose.
If bank account details are not provided, the holder can still receive the repayment on the due date by submitting the securities (properly endorsed) to the Public Debt Offices, Treasuries/Sub-Treasuries, or branches of State Bank of India (where you registered for interest payment) at least 20 days before the repayment due date.
For more information on how to receive the repayment value, you can contact any of the aforementioned offices.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Centre clears 3% DA hike for govt staff, pensioners ahead of festive season
After backlash over ‘trophy stealing act’, Mohsin Naqvi hands Asia Cup to UAE board; BCCI seeks impeachment
Teen batter Vaibhav Suryavanshi slams record-breaking century in Australia
Priyanka Chopra looks stunning in traditionals during her visit to Kajol-Rani Mukerji's Durga Puja celebrations
