The outstanding balance of the ‘8.03% GOI FCI Special Bonds 2024’ will be repaid at par on December 13, 2024. Since December 14 and 15, 2024, fall on a non-working Saturday and Sunday, respectively, no interest will accrue from the repayment date. If a holiday is declared on the repayment day by any State Government under the Negotiable Instruments Act, 1881, the repayment will be made by the respective paying offices in that state on the preceding working day.
According to sub-regulations 24(2) and 24(3) of the Government Securities Regulations, 2007, the maturity proceeds will be paid to the registered holder of the Government Security, either through a pay order with the relevant bank account details or by credit to the holder’s account in any bank that can receive funds via electronic means. Holders of such Government Securities are required to submit their bank account details well in advance for receiving the payment.
In cases where the bank account details or electronic mandate are not provided, bondholders can facilitate repayment by submitting their securities, duly discharged, at Public Debt Offices, Treasuries, Sub-Treasuries, or branches of the State Bank of India (where they are registered for interest payments) at least 20 days before the repayment due date.
For more information regarding the procedure for receiving the discharge value, holders may contact any of the aforementioned paying offices.
