Press Note : Repayment of Government Stock and Loan, 2005

for Ministry of Finance | Date - 31-03-2005

---

            The outstanding balances of the following Central Government Stock/loan are repayable at par on the dates mentioned thereagainst and no interest will accrue thereon from the said dates.

S.No.	Nomenclature of the Stock/Loan	Due date for repayment
1.	13.75%   Government Stock, 2005	May 5, 2005
2.	10.50%   Loan, 2005	May 21, 2005

            In the event of a holiday being declared on the dates of repayment of Stock/loan  by any State Government under the Negotiable Instruments Act, 1881, these Government Stock/loan will be repaid by the paying offices in that State on the previous working day.

            To facilitate repayment of these Government Stock/loan on the due dates, holders may tender the securities duly discharged at the Public Debt Offices, Treasuries/Sub-Treasuries and branches of State Bank of India and its Associate Banks (at which they are enfaced/as also registered for payment of interest) 20 days in advance of the due dates for repayment.

            Full details of the procedure for receiving the discharge value may be obtained from any of the aforesaid paying offices.

Department of Economic Affairs, Ministry of Finance New Delhi: Chaitra 10, 1927; March 31, 2005

BSC/BY/GN-177/05

(Release ID :8291)

(This is an archive of the press release and has not been edited by our staff.)