press note : repayment of government stock and loan, 2005

Thursday, March 31, 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