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The outstanding balance of 6.18 percent Government Stock, 2005 (including re-issues) issued under Market Stabilization Scheme and 14 percent Government Stock 2005 (I to IV installments) is payable at par on September 3 and September 11, 2005 respectively and no interest will accrue thereon from the said date. The redemption of security amounting to Rs.20,000 crore issued under Market Stabilization Scheme (MSS) would be met out of balances available in MSS account. In the event of a holiday being declared on September 3 and September 11, 2005, 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 Associate 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.
Department of Economic Affairs, Ministry of Finance New Delhi: Sravana 11, 1927; August 2, 2005
BSC/BY/GN-278/05
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