PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 25, 2020 (ASVN 3, 1942 SAKA)

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Regd. No. NW/CH-22

Regd. No. CHD/0092/2018-2020

EXTRAORDINARY

Published by Authority

CHANDIGARH, FRIDAY, SEPTEMBER 25, 2020 (ASVINA 3, 1942 SAKA)

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GOVERNMENT OF PUNJAB

DEPARTMENT OF FINANCE

(FINANCE BUDGET-II BRANCH)

PRESS COMMUNIQUE

The 25th September, 2020

File No.7/3/2020-2FB2/469.-It is notified for general information that the outstanding balance of

6.99 % Punjab State Development Loan 2020 issued in terms of the Government of Punjab, Finance

Department Notification No. 7/2/2010-2-FB II/1310 dated October 21, 2016 will be repaid at par on October

26, 2020 with interest due up to and including October 25,2020. In the event of a holiday being declared on

the aforesaid date by any State Government under the Negotiable Instruments Act, 1881, the loan will be repaid

by the paying offices in that State on the previous working day. No interest will accrue on the loan from and

after October 26, 2020.

2.

As per sub- regulation 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 a Government Securities, as the case may be, shall

submit to the Bank or Treasury and Sub-Treasury or branch of State Bank of India where they are enfaced /

registered for payment of interest, as the case may be, the relevant particulars of their bank account.

3.

However, in the absence of relevant particulars of bank account/ mandate for receipt of funds through

electronic means, to facilitate repayment on the due date, holders of 6.99 % Punjab State Development

Loan 2020, should tender their securities at the Public Debt Office, 20 days in advance. The securities should

be tendered for repayment, duly discharged on the reverse there of as under:-

“Received the Principal due on the Certificate”

PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 25, 2020 (ASVN 3, 1942 SAKA)

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4.

It should be particularly noted that at places where the treasury work is done by a branch of the State

Bank of India, the securities, if they are in the form of Stock Certificates, should be tendered at the branch of

the bank concerned and not at the Treasury or Sub-treasury.

5.

Holders who wish to receive payment at places other than those where the securities have been

enfaced for payment should send them duly discharged to the Public Debt Office concerned by Registered and

Insured Post. The Public Debt Office will make payment by issuing a draft payable at any Treasury / Sub-

Treasury or branch of State Bank of India conducting Government Treasury work in the State of Punjab.

Sd/-

(KAP SINHA) I.A.S.

Principal Secretary to Government of Punjab,

Department of Finance.

2113/9-2020/Pb. Govt. Press, S.A.S. Nagar