New Delhi: In a recent reflection on the technological landscape in India, MoS Rajeev Chandrasekhar highlighted the transformative impact of technology on lives, democracy, and governance over the past nine years.
In related financial news, the outstanding balance of the ‘7.68% GS 2023’ is set to be repaid at par on December 15, 2023. No interest will accrue from this date. In the case of a holiday declared on the repayment day by any State Government under the Negotiable Instruments Act, 1881, the repayment will be made by the paying offices in that state on the previous working day.
As per sub-regulations 24 (2) and 24 (3) of Government Securities Regulations, 2007, payment of maturity proceeds for registered holders of Government Securities will be made through a pay order incorporating relevant bank account details or by credit to the account of the holder in any bank with facilities for electronic fund receipt.
Original subscribers or subsequent holders without bank account details for electronic fund receipt should, to ensure timely repayment, submit relevant bank account details well in advance.
In the absence of such details, holders may tender the securities, duly discharged, at Public Debt Offices, Treasuries/Sub-Treasuries, and branches of State Bank of India, 20 days before the due repayment date. For further details on the procedure for receiving the discharge value, individuals may contact any of the aforementioned paying offices.