The outstanding balance of ‘8.40% Oil Marketing Companies Government of
India Special Bonds, 2025’ is repayable at par on M arch 28, 2025. No interest will
accrue thereon from the said date. In the event of a holiday being declared on
repayment day by any State Government under the Negotiable Instruments Act,
1881, the Loan/s will be repaid by the paying offices in that State on the previous
working day.
2. a) As per sub-regulations 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 Government Securities, shall submit the relevant
particulars of their bank account well in advance.
b) However, in the absence of relevant particulars of bank account / mandate for
receipt of funds through electronic means, to facilitate repayment of the loan on the
due date, holders may tender the securities, duly discharged, at the Public Debt
Offices, Treasuries/Sub-Treasuries and branches of State Bank of India (at which
they are enfaced / registered for payment of interest) 20 days in advance of the
due date for repayment.
3. The details of the procedure for receiving the discharge value may be obtained
from any of the aforesaid paying offices.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF ECONOMIC AFFAIRS
BUDGET DIVISION
NORTH BLOCK, NEW DELHI – 110001
Dated: March 07, 2025
