EXTRAORDINARY
Published by Authority
CHANDIGARH, TUESDAY, DECEMBER 31, 2024 (PAUSA 10, 1946 SAKA)
GOVERNMENT OF PUNJAB
DEPARTMENT OF FINANCE
(FINANCE BUDGET-II BRANCH)
The 31st December, 2024
PRESS COMMUNIQUE
File No: 7/2/2024-2FB2/1336.-It is notified for general information that the outstanding balance of 8.05 % Punjab SDL 2025 issued in terms of the Government of Punjab, Finance Department Notification No. 7/2/2014-2FBII/33 dated January 22, 2015 will be repaid at par on January 28, 2025 with interest due up to and including January 27, 2025. 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 January 28, 2025.
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 8.05% Punjab SDL 2025, 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 21966 PUNJAB GOVT. GAZ. (EXTRA), DECEMBER 31, 2024 (PAUSA 10, 1946 SAKA) 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/-
AJOY KUMAR SINHA
Principal Secretary to Government of Punjab
Department of Finance
3280/12-2024/Pb. Govt. Press, S.A.S. Nagar