New Delhi: In the Press Communique of the
Government of India in the Ministry of Finance (Department of Economic Affairs), dated the 22nd March, 2017, namely –
“The outstanding balance of 7.49% Government Stock 2017(con) is repayable at par on April 13, 2017 (April 14, 15 & 16, 2017 being bank holiday, Saturday & Sunday, respectively). No interest will accrue there on from April 16, 2017. In the event of a holiday being declared on April 13, 2017, 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.”
Shall be read as :
“The outstanding balance of 7.49% Government Stock 2017(con) is repayable at par on April 15, 2017 (April 16, 2017 being a Sunday). No interest will accrue there on from April 16, 2017. In the event of a holiday being declared on April 15, 2017, 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.”
The other terms & Conditions of the Press Communiqué dated March 22, 2017 shall remain same.
