PUNJAB GOVT. GAZ. (EXTRA), NOVEMBER 13, 2020 (KRTK 22, 1942 SAKA)
2361
Regd. No. NW/CH-22
Regd. No. CHD/0092/2018-2020
EXTRAORDINARY
Published by Authority
CHANDIGARH, FRIDAY, NOVEMBER 13, 2020 (KARTIKA 22, 1942 SAKA)
( 2361 )
GOVERNMENT OF PUNJAB
DEPARTMENT OF FINANCE
(FINANCE BUDGET-II BRANCH)
PRESS COMMUNIQUE
The 13th November, 2020
No. 7/3/2020-2FB2/589.-It is notified for general information that the outstanding balance of 6.82%
Punjab State Development Loan 2020 issued in terms of the Government of Punjab, Finance Department
Notification No. 7/2/2016-2-FBII /1528 dated December 08, 2016 will be repaid at par on December 14,
2020 with interest due up to and including December 13, 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 December 14, 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 6.82% 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”.
4.
It should be particularly noted that at places where the treasury work is done by a branch of the State