{"id":9438,"date":"2024-07-04T19:19:11","date_gmt":"2024-07-04T13:49:11","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=9438"},"modified":"2024-07-04T19:19:11","modified_gmt":"2024-07-04T13:49:11","slug":"repayment-of-8-40-gs-2024","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/07\/04\/repayment-of-8-40-gs-2024\/","title":{"rendered":"Repayment of \u20188.40% GS 2024\u2019"},"content":{"rendered":"<p style=\"text-align: justify;\">The outstanding balance of \u2018<strong>8.40% GS 2024<\/strong><strong>\u2019<\/strong>\u00a0is repayable at par\u00a0<strong>on July 26, 2024 (July 28, 2024 being a Sunday and July 27, 2024 being a non-working Saturday).<\/strong>\u00a0No interest will accrue thereon from the said date. In the event of a holiday being declared on\u00a0<strong>repayment day<\/strong>\u00a0by any State Government under the Negotiable Instruments Act, 1881, the Loan\/s will be repaid by the paying offices in that State on the\u00a0<strong>previous working day<\/strong>.<\/p>\n<p style=\"text-align: justify;\">As per sub-regulations 24(2) and 24(3) of Government Securities Regulations, 2007 payment of maturity proceeds to the registered holder of Government Security held in the form of Subsidiary General Ledger or Constituent Subsidiary General Ledger account or Stock Certificate, shall be made by a pay order incorporating the relevant particulars of his bank account or by credit to the account of the holder in any bank having facility of receipt of funds through electronic means. For the purpose of making payment in respect of the securities, the original subscriber or the subsequent holders of such Government Securities, shall submit the relevant particulars of their bank account well in advance.<\/p>\n<p style=\"text-align: justify;\"><u>However, in the absence of relevant particulars of bank account \/ mandate for receipt of funds through electronic means<\/u>, to facilitate repayment of the loan 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 (at which they are enfaced \/ registered for payment of interest)\u00a0<strong>20 days in advance of the due date for repayment<\/strong>.<\/p>\n<p style=\"text-align: justify;\">The details of the procedure for receiving the discharge value may be obtained from any of the aforesaid paying offices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The outstanding balance of \u20188.40% GS 2024\u2019\u00a0is repayable at par\u00a0on July 26, 2024 (July 28, 2024 being a Sunday and July 27, 2024 being a non-working Saturday).\u00a0No interest will accrue thereon from the said date. In the event of a holiday being declared on\u00a0repayment day\u00a0by any State Government under the Negotiable Instruments Act, 1881, the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[6433,6434,6432],"class_list":["post-9438","post","type-post","status-publish","format-standard","","category-national","tag-8-40-gs-2024-bondholder-returns","tag-8-40-gs-2024-bonds-maturity-dates","tag-8-40-gs-2024-bond-redemption-process"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Repayment of \u20188.40% GS 2024\u2019 - Matribhumi Samachar English<\/title>\n<meta name=\"description\" content=\"Learn about the repayment process of the \u20188.40% GS 2024\u2019 bonds, including key dates and procedures. 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