Maturity and Payment Details:
The “8.35% SBI RTS ISU GOI SPL Bond 2024” reaches its maturity date on March 27, 2024. This signifies the completion of your investment term, and you will receive the full principal amount (par value) of the bond on that date. Interest payments will cease after the maturity date. If March 27th falls on a public holiday, the repayment will be processed on the previous business day.
Claiming Your Repayment:
We encourage you to choose electronic bank deposit as the preferred method to receive your bond redemption amount. This method offers several advantages, including:
- Faster processing: Funds are deposited directly into your bank account within a shorter timeframe compared to physical checks or postal deliveries.
- Convenience: Eliminates the need for sending documents or visiting designated locations to claim your payment.
- Security: Reduces the risk of loss or theft associated with physical checks.
To facilitate direct deposit:
- Submit your bank account details well in advance to any of the following offices:
- Public Debt Offices
- Treasuries/Sub-Treasuries
- State Bank of India branches (where you receive interest payments)
Alternative Option for Claiming Payment:
If you haven’t provided your bank details beforehand, you can still claim your repayment by submitting the discharged securities in person at any of the following offices:
- Public Debt Offices
- Treasuries/Sub-Treasuries
- State Bank of India branches (where you receive interest payments)
Ensure you submit these discharged securities at least 20 days before March 27th to allow sufficient processing time.
- For any inquiries regarding the discharge process, specific forms, or clarifications, contact any of the aforementioned paying offices. Their staff will be able to assist you further.
- It is highly recommended to consult the official notification issued by the relevant authority for the most comprehensive and up-to-date information. This summary serves as a general overview and may not cover all specific details or potential scenarios.
- Consider seeking professional financial advice if you have any uncertainties or require assistance navigating the claim process.
By following these guidelines and seeking further information if needed, you can ensure a smooth and efficient process for claiming your bond redemption amount upon the maturity of the “8.35% SBI RTS ISU GOI SPL Bond 2024”.
