Payment Procedure for Government Securities
As per Government Securities Regulations, 2007, sub-regulations 24(2) and 24(3), maturity proceeds will be credited directly to the registered holder’s bank account or through a pay order. Holders must submit bank account details or electronic fund receipt mandates well in advance to facilitate smooth repayment.
If the holder has not provided bank account details, the securities, duly discharged, must be presented at Public Debt Offices, Treasuries/Sub-Treasuries, or designated branches of the State Bank of India where they are registered, at least 20 days before the repayment date. Paying offices will provide complete details regarding discharge value collection.
This auction and repayment guidance are intended to ensure transparency and convenience for investors holding government securities while maintaining the integrity of India’s debt market. Investors are encouraged to comply with submission requirements to avoid delays in repayment.