Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

Finance Ministry Announces Repayment Plan For 8.40% Govt Security 2024 Which Matures In July

Posted on July 4, 2024 By Admin No Comments on Finance Ministry Announces Repayment Plan For 8.40% Govt Security 2024 Which Matures In July


 New Delhi: The Ministry of Finance has confirmed the repayment schedule for the ‘8.40 per cent Government Security (GS) 2024’, which is set to mature on July 26, 2024. According to a press release by the Ministry of Finance, given that July 27 and 28 are non-working days, the repayment will be made on July 26. Investors are advised that no interest will be accrued beyond the maturity date.

According to sub-regulations 24(2) and 24(3) of the Government Securities Regulations, 2007, the maturity proceeds of a Government Security held in a Subsidiary General Ledger (SGL) account, Constituent Subsidiary General Ledger (CSGL) account, or Stock Certificate must be paid to the registered holder through a pay order that includes the necessary bank account details, or by direct credit to the holder’s bank account if electronic fund transfer is available.

 To facilitate the payment, the original subscriber or any subsequent holders of these Government Securities must provide the relevant bank account information well in advance.

If the required bank account details or mandate for electronic fund transfer are not provided, holders should present their duly discharged securities at the Public Debt Offices, Treasuries/Sub-Treasuries, or branches of the State Bank of India where they are registered for interest payments, at least 20 days before the repayment date to ensure timely repayment of the loan, read the press release.

The details of the procedure for receiving the discharge value may be obtained from any of the aforesaid paying offices. 



Source link

Business Tags:Government Security, Ministry of Finance, Subsidiary General Ledger

Post navigation

Previous Post: 5 Minutes That Will Make You Love Wayne Shorter
Next Post: Indian officials visit Foxconn iPhone plant, question executives about hiring  | Reuters News Agency

More Related Articles

‘Unavailability of engines’: IndiGo to receive compensation from Pratt & Whitney for grounded aircraft – Times of India Business
Jet Airways Founder Naresh Goyal Cries In Court, With Folded Hands Says Wants To Die In Jail Business
How Much Do High Net-worth Individuals Invest In Term Insurance? Policybazaar Reveals Trends – News18 Business
The Stock Market Is Back in Rally Mode Business
Federal Financial Watchdog Ordered to Cease Activity Business
Bengaluru Uber, Rapido Rider Shocks Internet: Earns Rs… In 13 Hours Daily– His Story Will Amaze You: Watch Video Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Abortion guidelines branded horrifying by grieving mum
  • Woman declared dead by coroner, moved to coffin, turns out to be alive
  • Shohei Ohtani reacts to death of Japanese baseball legend Shigeo Nagashima: ‘May your soul rest in peace’
  • Thames Water nationalisation ‘not the answer’ says minister after rescue bid fails
  • “Family Guy” creator Seth MacFarlane on his other love: Sinatra

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme