New Delhi: The government will repay the remaining amount on the 8.30% FERT CO GOI SPLBOND 2023 in full on December 07, 2023, after which no further interest will accrue, the Ministry of Finance said on Tuesday.
If a holiday is declared on the repayment day by any State Government, the repayment will happen on the previous working day.
According to Government Securities Regulations, 2007, when repaying a government security held in a Subsidiary General Ledger or Stock Certificate, the maturity amount will be paid through a pay order with the holders bank account details or credited to their account in a bank that accepts electronic funds.
In order to ensure timely payment, holders must provide their bank details in advance.
If bank details or electronic fund receipt instructions are not provided, holders can submit the discharged securities to Public Debt Offices, Treasuries/Sub-Treasuries, or designated branches of the State Bank of India (where they receive interest payments) 20 days before the repayment due date to facilitate loan repayment.
For information on the process of receiving the discharge value, bond holders can inquire at any of the mentioned paying offices.
