FINANCE BUDGET-II BRANCH

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EXTRAORDINARY

Published by Authority

CHANDIGARH, THURSDAY, MAY 9, 2024 (VAISAKHA 19, 1946 SAKA)

GOVERNMENT OF PUNJAB

DEPARTMENT OF FINANCE

(FINANCE BUDGET-II BRANCH)

PRESS COMMUNIQUE

The 9th May, 2024

No. 7/2/2024-2FB2/474.–It is notified for general information that the outstanding balance of 8.84 % Punjab SDL 2024 issued in terms of the Government of Punjab, Finance Department Notification No. 7/2/2014-2FBII/1290 dated June 06, 2014 will be repaid at par on June 11, 2024 with interest due up to and including June 10, 2024. 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 11,2024.

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 8.84% Punjab SDL 2024, 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.

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/-

AJOY KUMAR SINHA, IAS

Principal Secretary to Government of Punjab

Department Of Finance 3095/5-2024/Pb. Govt. Press, S.A.S. Nagar