Finance Ministry Announces Repayment for 8.40% Government Security 2024

The Ministry of Finance has confirmed the repayment schedule for the ‘8.40% Government Security (GS) 2024’, which will mature on July 26, 2024. Since 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 the Government Securities Regulations, 2007, the maturity proceeds must be paid to the registered holder through a pay order with bank details or by direct credit if electronic fund transfer is available.

To facilitate the payment, the original subscriber or any subsequent holders must provide the relevant bank account information well in advance. If the required bank account details 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.

Details of the procedure for receiving the discharge value can be obtained from any of the paying offices.