New Delhi, June 19 (UNI) The Government today said outstanding balances of 11 per cent of its stock (2006) was repayable at par on July 28 2006.
No interest will accrue thereon from that date, it was announced here today.
In the event of a holiday being declared on that date by any state government under the Negotiable Instruments Act, 1881, the stock will be repaid by the paying offices in that state on the previous working day.To facilitate repayment of the government stock on the due date, holders may tender the securities duly discharged at the public debt offices, treasuries/sub-treasuries and branches of State Bank of India and its associates banks (at which they are enfaced /as also registered for payment of interest) 20 days in advance of the due date for repayment.
Full details of the procedure for receiving the discharge value may be obtained from any of the aforesaid paying offices.
UNI SD VJ RN1945