PUNJAB GOVT. GAZ. (EXTRA), MARCH 8, 2021 (PHGN 17, 1942 SAKA)

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EXTRAORDINARY

Published by Authority

CHANDIGARH, MONDAY, MARCH 8, 2021 (PHALGUNA 17, 1942 SAKA)

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GOVERNMENT OF PUNJAB

DEPARTMENT OF FINANCE

(FINANCE BUDGET-II)

PRESS COMMUNIQUÉ

The 8th March, 2021

No. FD-FB-207/15/2020-FB-2I/152388/2021.–It is notified for general information that the outstanding

balance of 8.36 % Punjab Government Stock 2021 issued in terms of the Government of Punjab, Finance

Department Notification No. 7/3/2011 2FBII /371 dated April 06, 2011 will be repaid at par on April 08,

2021 with interest due up to and including April 07, 2021. 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

April 08, 2021.

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 8.36 % Punjab Government Stock

2021, 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

PUNJAB GOVT. GAZ. (EXTRA), MARCH 8, 2021 (PHGN 17, 1942 SAKA)

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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/-

(K A P SINHA),

Principal Secretary to Government of Punjab,

Department of Finance.

2244/3-2021/Pb. Govt. Press, S.A.S. Nagar