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'4.56% Govt Security 2023’ to be fully repaid on Nov 29
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'4.56% Govt Security 2023’ to be fully repaid on Nov 29

| @indiablooms | 08 Nov 2023, 12:18 am

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.

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