| PUNJAB GOVT. GAZ. (EXTRA), MAY 19, 2023 (VYSK 29, 1945 SAKA) 1481 | ||
EXTRAORDINARY
Published by Authority
CHANDIGARH, FRIDAY, MAY 19, 2023 (VAISAKHA 29, 1945 SAKA)
GOVERNMENT OF PUNJAB
DEPARTMENT OF FINANCE
(FINANCE BUDGET-II BRANCH)
PRESS COMMUNIQUE
The 19th May, 2023
No. FD-FB-2/5/2023-2FB2/466.–It is notified for general information that the outstanding balance of 8.22% PUNJAB UDAY BOND 2023 issued in terms of the Government of Punjab, Finance Department Notification No. 1617 dated July 31, 2018 will be repaid at par on June 21, 2023 with interest due up to and including June 20, 2023. 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 June 21, 2023.
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 8.22% PUNJAB UDAY BOND 2023, 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), MAY 19, 2023 (VYSK 29, 1945 SAKA) 1482 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/-
YASHANJIT SINGH, IRTS
Special Secretary to Government of Punjab
Department of Finance