PUNJAB GOVT. GAZ. (EXTRA), NOVEMBER 27, 2020 (AGHN 6, 1942 SAKA)
2500
Regd. No. NW/CH-22
Regd. No. CHD/0092/2018-2020
EXTRAORDINARY
Published by Authority
CHANDIGARH, FRIDAY, NOVEMBER 27, 2020 (AGRAHAYANA 6, 1942 SAKA)
( 2500 )
GOVERNMENT OF PUNJAB
DEPARTMENT OF FINANCE
(FINANCE BUDGET-II)
PRESS COMMUNIQUÉ
The 27th November 2020
No. 7/3/2020-2FB2/625.–It is notified for general information that the outstanding balance of 7.07%
Punjab State Development Loan 2020 issued in terms of the Government of Punjab, Finance Department
Notification No. 7/2/2016-2-FBII /1636 dated December 23, 2016 will be repaid at par on December 28, 2020
with interest due up to and including December 27, 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 28, 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 7.07 % 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
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.