Executive Summary:
This document announces the sale/reissue of Government Stocks by the Government of India, with auctions conducted by the Reserve Bank of India (RBI). It specifies the terms and conditions of the sale, including dates, notified amounts, and interest rates. It also outlines a scheme for non-competitive bidding to encourage wider participation, setting eligibility criteria and operational guidelines for banks and Primary Dealers (PDs). The auction will be conducted on August 02, 2019.
Key Points / Main Content:
Government Stock Sale/Reissue:
* The Government of India is selling/reissuing Government Stocks.
* The total notified amount is ₹17,000 crore, with a possible additional subscription of up to ₹1,000 crore for each security.
Auction Details:
* Auctions will be conducted by the Reserve Bank of India (RBI) in Mumbai.
* The auction date is August 02, 2019.
* Bids must be submitted electronically via the RBI’s e-Kuber system.
* Non-competitive bids: 11:30 a.m. to 12:00 noon.
* Competitive bids: 11:30 a.m. to 12:30 p.m.
Stock Details:
| Security | Original Issue Date | Maturity Date | Coupon Rate |
| --------------- | ------------------- | ------------- | ----------- |
| 7.32 GS 2024 | Jan. 28, 2019 | Jan. 28, 2024 | 7.32% |
| 7.26 GS 2029 | Jan. 14, 2019 | Jan. 14, 2029 | 7.26% |
| 7.69 GS 2043 | Apr. 30, 2019 | Jun. 17, 2043 | 7.69% |
| 7.72 GS 2049 | Apr. 15, 2019 | Jun. 15, 2049 | 7.72% |
* Payment by successful bidders is due on August 05, 2019.
* Interest accrues from the original issue/last coupon payment date and is paid semi-annually.
* Stocks will be repaid at par on the maturity date.
Non-Competitive Bidding Scheme:
* Up to 5% of the notified amount is reserved for non-competitive bids.
* Eligibility: Investors without a current account or SGL account with RBI (exceptions for RRBs and Cooperative Banks).
* Bid limit: Maximum ₹2 crore face value per auction.
* Bids must be submitted through a bank or PD offering the scheme (exceptions for RRBs and Cooperative Banks with SGL/current accounts with RBI).
* Minimum bid amount: ₹10,000 face value, and in multiples thereof.
Operational Guidelines for Banks/PDs (Non-Competitive Bidding):
* Retail investors must maintain a CSGL account with the bank/PD.
* Banks/PDs submit a single consolidated non-competitive bid electronically.
* Allotment is at the weighted average yield/price of the competitive bidding.
* Securities are issued to the bank/PD against payment on the issue date.
* Banks/PDs must allocate securities to clients transparently.
* RBI issues securities in SGL form only.
* Banks/PDs must transfer securities to clients within five working days of the issue date.
* Brokerage/commission/service charges are capped at six paise per ₹100.
Impact Analysis:
RBI:
* Impact: Responsible for conducting the auction and displaying the results.
* Action Required: Conduct the auction on August 02, 2019, display results, and process payments.
Banks and Primary Dealers (PDs):
* Impact: Facilitate non-competitive bidding for their clients; submit consolidated bids.
* Action Required: Accept bids from eligible clients, submit consolidated non-competitive bids, allocate securities to clients, and furnish information relating to operations under the Scheme to the Reserve Bank of India.
Investors (Individuals, Institutions, etc.):
* Impact: Opportunity to invest in Government Stocks through auctions, including a non-competitive bidding option for smaller investors.
* Action Required: Submit bids through eligible banks/PDs (if non-competitive) or directly (if competitive), and make payments if the bid is successful.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for conducting the auction of government stocks and displaying the auction results.
Mumbai, Maharashtra: City in India where the Reserve Bank of India office is located, which is involved in the auction process.
Ministry of Finance: The government ministry responsible for the notification regarding the sale of government stocks.
Department of Economic Affairs: A department under the Ministry of Finance involved in the government stock sale.
Government Stock: The financial instrument being sold through auction by the Government of India.
General Notification F. No. 42WM 2018: A general notification issued by the Government of India that contains the terms and conditions for the stock sale.
Arvind Shrivastava: Joint Secretary who signed the notification on behalf of the President of India.
Scheme for Noncompetitive Bidding Facility in the Auctions of Government Securities: Scheme enclosed in the notification to allow individuals and institutions to participate in auctions of Government Securities on a noncompetitive basis.
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EXTRAORDINARY
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PART I—Section 1
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PUBLISHED BY AUTHORITY
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No. 221] NEW DELHI, MONDAY, JULY 29, 2019/SHRAVANA 7, 1941
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) मममम(cid:6)(cid:6)ंं(cid:6)(cid:6)ंं ााााललललयययय
((((आआआआ(cid:11)(cid:11)(cid:11)(cid:11)थथथथकक(cid:13)(cid:13)कक(cid:13)(cid:13) ककककाााायययय (cid:13)(cid:13)(cid:13)(cid:13)ििििववववभभभभाााागगगग))))
((((बबबबजजजजटटटट (cid:15)(cid:15)(cid:15)(cid:15)भभभभाााागगगग))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:1)द(cid:3)ली, 29 जुलाई, 2019
ससससररररककककााााररररीीीी (cid:22)(cid:22)(cid:22)(cid:22)टटटटॉॉॉॉकककक ((((जजजजीीीी एएएएसससस)))) कककक(cid:25)(cid:25)(cid:25)(cid:25) ििििबबबब(cid:27)(cid:27)(cid:27)(cid:27)(cid:25)(cid:25)(cid:25)(cid:25) ((((पपपपननुुननुु (cid:11)(cid:11)(cid:11)(cid:11)ननननगग(cid:13)(cid:13)गग(cid:13)(cid:13) मम(cid:13)(cid:13)मम(cid:13)(cid:13) )))) ककककेेेे ििििललललएएएए ननननीीीीललललााााममममीीीी
फफफफाााा....सससस..ंं..ंं 4444((((6666))))----डडडड !! !! यय यय एएूूएएूू डडंंडडंं एएएएमममम////2222000011119999....————भारत सरकार एतद (cid:6)ारा नीच े (cid:1)दए गए अनसु ार सरकारी (cid:19)टॉक, क(cid:22) िब(cid:25)(cid:22)
((((पपपपननननुुुु (cid:11)(cid:11)(cid:11)(cid:11)ननननगग(cid:13)(cid:13)गग(cid:13)(cid:13) मम(cid:13)(cid:13)मम(cid:13)(cid:13) )))) अिधसूिचत करती ह।ै
(cid:26)ितभिू त का नाम मलू िनगम(cid:31) क(cid:22) मलू अविध प#रप$ता क(cid:22) नीलामी नीलामी क(cid:22) अिधसिू चत
का आधार िविध रािश करोड़ )
तारीख (वष(cid:31)-माह-(cid:1)दन) तारीख
(म %
7.32% सरकारी (cid:26)ितभिू त
28 जनवरी, 2019 05-00-00 28 जनवरी, 2024 मू(cid:3)य िविवध 5,000
2024
7.26% सरकारी (cid:26)ितभिू त
14 जनवरी, 2019 10-00-00 14 जनवरी, 2029 मू(cid:3)य िविवध 6,000
2029
7.69% सरकारी (cid:26)ितभिू त
30 अ(cid:26)लै , 2019 24-01-17 17 जून, 2043 मू(cid:3)य िविवध 2,000
2043
7.72% सरकारी (cid:26)ितभिू त
15 अ(cid:26)लै , 2019 30-02-00 15 जून, 2049 मू(cid:3)य िविवध 4,000
2049
3876 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
कुल अिधसिू चत रािश के अ*यधीन 17,000 करोड़ -पए क(cid:22) सीमा तक भारत सरकार, उपयु(cid:31)/ त एक या अिधक (cid:26)ितभिू तय0 के
प#रपे1य म% (cid:26)2य के म% 1,000 करोड़ -पए तक के अित#र3 अिभदान का िवक(cid:3)प बनाए रखगे ी। यह िब(cid:25)(cid:22) इस अिधसूचना (िजस े
'िविश6ट अिधसूचना' कहा गया ह)ै म% उि(cid:3)लिखत शत7 के अधीन होगी। इस (cid:26)ितभूित क(cid:22) िब(cid:25)(cid:22) भारतीय #रजव(cid:31) ब;क, मुंबई
कायाल(cid:31) य, फोट(cid:31), मुंबई-400001 के मा*यम स े भारत सरकार (cid:6)ारा जारी सामा=य अिधसूचना एफ.स?ं या 4(2)-डA(cid:3)यू एBड
एम/2018, तारीख 27 माच (cid:31)2018 म %िनCदD(cid:31) शत7 के अधीन क(cid:22) जाएगी।
अअअअ(cid:15)(cid:15)(cid:15)(cid:15)िििितततत(cid:22)(cid:22)(cid:22)(cid:22)पपपपधधधध&&&& बबबबोोोोललललीीीीददददाााातततताााा)))) ककककोोोो आआआआबबबबंटंटंटंटनननन
2. सरकारी (cid:26)ितभूितय0 क(cid:22) नीलािमय0 म % अ(cid:26)ित(cid:19)पधE बोली दने े क(cid:22) सुिवधा क(cid:22) सलं F (cid:19)क(cid:22)म (अनुबंध) के अनुसार, िब(cid:25)(cid:22) क(cid:22)
अिधसिू चत रािश का 5 (cid:26)ितशत तक सरकारी (cid:19)टॉक पाG H यि3य0 और सं(cid:19)थाJ को आबं#टत (cid:1)कया जाएगा ।
ननननीीीीललललााााममममीीीी ककककाााा (cid:22)(cid:22)(cid:22)(cid:22)थथथथाााानननन एएएएवववव ंं ंंततततााााररररीीीीखखखख
3. यह नीलामी भारतीय #रजव(cid:31) ब;क, मुंबई कायाल(cid:31) य, फोट(cid:31), मुंबई-400001 (cid:6)ारा 00002222 अअअअगगगग(cid:22)(cid:22)(cid:22)(cid:22)तततत,,,, 2222000011119999,,,, को संचािलत क(cid:22) जाएगी।
नीलामी हते ुबोिलया ंभारतीय #रजव(cid:31) ब;क कोर ब;Lकंग सो(cid:3)यूशन (ई-कुबेर) (cid:26)णाली संबंधी इले/Nॉिनक (cid:26)पG म %00002222 अअअअगगगग(cid:22)(cid:22)(cid:22)(cid:22)तततत,,,, 2222000011119999
को (cid:26)(cid:19)तुत क(cid:22) जानी चािहए। अ(cid:26)ित(cid:19)पधE बोिलया ं पूवा(cid:31)Oन 11.30 बजे स े दोपहर 12.00 बजे के बीच और (cid:26)ित(cid:19)पधE बोिलया ं
पूवा(cid:31)Oन 11.30 बजे स ेम*याOन 12.30 बजे के बीच (cid:26)(cid:19)तुत क(cid:22) जानी चािहए।
ककककबबबब ििििननननगगगगिि(cid:13)(cid:13)िि(cid:13)(cid:13)ममममतततत ककककााााररररोोोोबबबबाााारररर
4. यह (cid:19)टॉक, भारतीय #रजव(cid:31) ब;क (cid:6)ारा जारी (cid:1)दशािनदशP 0 के अनसु ार, 'कब िनगि(cid:31) मत’ कारोबार के िलए पाG होगा।
ििििननननगगगगमममम(cid:13)(cid:13)(cid:13)(cid:13) कककक(cid:25)(cid:25)(cid:25)(cid:25) ततततााााररररीीीीखखखख औऔऔऔरररर (cid:22)(cid:22)(cid:22)(cid:22)टटटटॉॉॉॉकककक ककककेेेे ििििललललएएएए भभभभगगुुगगुु तततताााानननन
5. नीलामी का प#रणाम भारतीय #रजव(cid:31) ब;क (cid:6)ारा अपने फोट(cid:31) ि(cid:19)थत मुंबई काया(cid:31)लय म % 00002222 अअअअगगगग(cid:22)(cid:22)(cid:22)(cid:22)तततत,,,, 2222000011119999,,,, को (cid:26)दRशत(cid:31) (cid:1)कया
जाएगा। सफल बोलीदाताJ (cid:6)ारा भुगतान 00005555 अअअअगगगग(cid:22)(cid:22)(cid:22)(cid:22)तततत,,,, 2222000011119999 अथात(cid:31) ् पपपपननननुुुु (cid:11)(cid:11)(cid:11)(cid:11)नननन(cid:13)ग(cid:13)ग(cid:13)ग(cid:13)गमम(cid:13)(cid:13)मम(cid:13)(cid:13) क(cid:22) तारीख को (cid:1)कया जाएगा। (cid:19)टॉक के िलए
भुगतान म % नीलामी म% आबं#टत (cid:19)टॉक के अ(cid:1)ं कत मू(cid:3)य पर, मूलिनग(cid:31)म/अंितम कूपन भुगतान क(cid:22) तारीख स े (cid:26)ोTभूत Aयाज दये होन े
क(cid:22) तारीख तक (cid:26)ोTभतू Aयाज शािमल होगा जैसा (cid:1)क पैरा 6 म %तािलका म% उि(cid:3)लिखत ह।ै
ययययााााजजजज ककककाााा भभभभगगुुगगुु तततताााानननन औऔऔऔरररर (cid:22)(cid:22)(cid:22)(cid:22)टटटटॉॉॉॉकककक ककककाााा पपपपननननुुुु भभभभगगु(cid:13)ु(cid:13)गगु(cid:13)ु(cid:13) तततताााानननन
6. मलू Rन(cid:31)गम(cid:31) /अंितम कूपन भगु तान क(cid:22) तारीख से (cid:19)टॉक के अ(cid:1)ं कत मू(cid:3)य पर Aयाज (cid:26)ोTभूत होगा तथा इसका भुगतान अVव(cid:31) ाRषक(cid:31)
आधार पर (cid:1)कया जाएगा। (cid:19)टॉक का पुनभु(cid:31)गतान प#रप$ता क(cid:22) तारीख पर सममू(cid:3)य पर (cid:1)कया जाएगा।
(cid:15)(cid:15)(cid:15)(cid:15)ििििततततभभभभििििूूूूतततत ककककाााा ननननाााामममम ककककूूूूपपपपनननन ददददरररर अअअअ ििंंििंं ततततमममम ककककूूूूपपपपनननन ----ककककसससस ततततााााररररीीीीखखखख ततततकककक (cid:15)(cid:15)(cid:15)(cid:15)ोोोो....भभभभततततूूूू ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन कककक(cid:25)(cid:25)(cid:25)(cid:25) ततततााााररररीीीीखखखख
((((%%%%)))) भभभभगगुुगगुु तततताााानननन ययययााााजजजज ददददययेेययेे हहहह ैैैै
((((ततततााााररररीीीीखखखख////ममममााााहहहह))))
कककक(cid:25)(cid:25)(cid:25)(cid:25) ततततााााररररीीीीखखखख
7.32% सरकारी (cid:26)ितभिू त 7.32 28 जुलाई, 04 अग(cid:19)त, 2019 28 जनवरी और 28 जुलाई
2024 2019
7.26% सरकारी (cid:26)ितभिू त 7.26 14 जुलाई, 04 अग(cid:19)त, 2019 14 जनवरी और 14 जुलाई
2029 2019
7.69% सरकारी (cid:26)ितभिू त 7.69 17 जून, 2019 04 अग(cid:19)त, 2019 17 (cid:1)दसंबर और 17 जून
2043
7.72% सरकारी (cid:26)ितभिू त 7.72 15 जून, 2019 04 अग(cid:19)त, 2019 15 (cid:1)दसंबर और 15 जून
2049
भारत के राWपित के आदशे स,े
अरXवंद Yीवा(cid:19)तव, संयु3 सिचव¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3
अअअअननननबबुुबबुु धधंंधधंं
ससससररररककककााााररररीीीी (cid:15)(cid:15)(cid:15)(cid:15)ििििततततभभभभििििूूूूततततयययय2222 कककक(cid:25)(cid:25)(cid:25)(cid:25) ननननीीीीललललााााममममीीीी मममम 3333अअअअ(cid:15)(cid:15)(cid:15)(cid:15)िििितततत(cid:22)(cid:22)(cid:22)(cid:22)पपपपधधधध&&&& बबबबोोोोललललीीीी ससससििुुििुु ववववधधधधाााा (cid:22)(cid:22)(cid:22)(cid:22)कककक(cid:25)(cid:25)(cid:25)(cid:25)मममम
IIII.... ककककाााायययय44(cid:13)(cid:13)44(cid:13)(cid:13) (cid:6)(cid:6)ेे(cid:6)(cid:6)ेे :::: सरकारी (cid:26)ितभिू तय0 क(cid:22) Zापक भागीदारी और खुदरा धा#रता को (cid:26)ो2साहन दने े क(cid:22) दिृ D स े भारत सरकार क(cid:22)
(cid:1)दना(cid:1)ं कत (cid:26)ितभूितय0 क(cid:22) चयिनत नीलािमय0 म % "अ(cid:26)ित(cid:19)पधE" आधार पर भागीदारी क(cid:22) अनुमित दने े का (cid:26)(cid:19)ताव (cid:1)कया गया
ह।ै तTनसु ार, (cid:1)दना(cid:1)ं कत (cid:26)ितभिू तय0 क(cid:22) नीलािमय0 म %अिधसिू चत रािश के 5 (cid:26)ितशत तक क(cid:22) अ(cid:26)ित(cid:19)पधE बोिलयां (cid:19)वीकार क(cid:22)
जाएंगी। (cid:26)ारि\त रािश अिधसिू चत रािश के अअअअ5555ततततगगगगतत(cid:13)(cid:13)तत(cid:13)(cid:13) होगी।
IIIIIIII.... पपपपाााा(cid:6)(cid:6)(cid:6)(cid:6)तततताााा :::: भारत सरकार क(cid:22) (cid:1)दना(cid:1)ं कत (cid:26)ितभूितय0 क(cid:22) नीलािमय0 म % अ(cid:26)ित(cid:19)पधE आधार पर ऐस े िनवेशक0 के िलए
भागीदारी खुली होगी जो िन]िलिखत शत7 को पूरा करत ेह;:
1. जो भारतीय #रजव(cid:31) ब;क के पास चाल ूखाता (सीए) अथवा सहायक सामा=य बही (एसजीएल) खाता नह^ रखत ेह;;
अअअअपपपपववववाााादददद:::: \ेGीय _ामीण ब;क0 (आरआरबी) और सहकारी ब;क0 को उनके सांिविधक दािय2व0 के दिृDगत इस (cid:19)क(cid:22)म के
अधीन शािमल (cid:1)कया जाएगा।
2. जो (cid:26)ित नीलामी दो करोड़ -पए (अं(cid:1)कत मू(cid:3)य) से अनिधक रािश के िलए एक ही बोली लगाते ह;;
3. जो यह (cid:19)क(cid:22)म (cid:26)दान करन े वाले (cid:1)कसी एक ब;क अथवा (cid:26)ाथिमक डीलर के मा*यम स े अपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प से
(cid:26)(cid:19)तुत करत ेह।;
अअअअपपपपववववाााादददद:::: ऐस े \ेGीय _ामीण ब;क (आरआरबी) तथा सहकारी ब;क जो भारतीय #रजव(cid:31) ब;क म % एस.जी.एल.खाता और
चाल ूखाता रखत ेह,; अपनी अ(cid:26)ित(cid:19)पधE बोिलय0 को (cid:26)2य\ ‘प से (cid:26)(cid:19)तुत करन ेके िलए पाG ह0गे।
IIIIIIIIIIII.... 6666ाााापपपपककककतततताााा:::: उपयु(cid:31)3 शत7 के अधीन "अ(cid:26)ित(cid:19)पधE" आधार पर फम7, कंपिनय0, िनगिमत िनकाय0, सं(cid:19)थाJ, भिव6 य
िनिधय0, =यास0 और भारतीय #रजव(cid:31) ब;क (cid:6)ारा यथा-िनधा(cid:31)#रत (cid:1)कसी अ=य कंपनी सिहत (cid:1)कसी भी Zि3 के िलए भागीदारी
खुली ह।ै बोली दने े क(cid:22) =यूनतम रािश 10,000 -पए (अं(cid:1)कत मू(cid:3)य) और उसके बाद 10,000 -पए के गुणज0 म % होगी जैसा
अब तक (cid:1)दना(cid:1)ं कत (cid:19)टॉक के िलए ह।ै
IIIIVVVV.... अअअअ5555यययय (cid:15)(cid:15)(cid:15)(cid:15)चचचचााााललललननननाााा8888ममममकककक ----ददददशशशशााााििििननननददददशश::शश:: ::::
1111.... खुदरा िनवेशक के िलए उस ब;क अथवा (cid:26)ाथिमक डीलर, िजनके मा*यम स े वे भाग लेना चाहत े ह,; के पास एक
संघटक सहायक सामा=य बही (सीएसजीएल) खाता रखना अिनवाय (cid:31) होगा। कोई भी िनवेशक इस (cid:19)क(cid:22)म के अधीन
(cid:1)दना(cid:1)ं कत (cid:26)ितभूित क(cid:22) (cid:1)कसी नीलामी म % केवल एक बोली म % भाग ले सकता ह।ै इस आशय का वचन (cid:1)क िनवेशक
केवल एक बोली द ेरहा ह,ै ब;क अथवा (cid:26)ाथिमक डीलर (cid:6)ारा (cid:26)ाa (cid:1)कया जाना और #रकाड (cid:31)म %रखा जाना होगा।
2. अपन े _ाहक0 स े (cid:26)ाa पbे आडर(cid:31) के आधार पर (cid:26)2यके ब;क अथवा (cid:26)ाथिमक डीलर भारतीय #रजव(cid:31) ब;क कोर ब;Lकंग
सो(cid:3)यूशन (ई-कुबेर) (cid:26)णाली सबं ंधी इले/Nॉिनक (cid:26)पG म % अपने _ाहक0 क(cid:22) ओर स े एक एकल सम(cid:1)े कत अ(cid:26)ित(cid:19)पधE
बोली (cid:26)(cid:19)तुत करेगा। असाधारण प#रि(cid:19)थितय0, जैस ेभारतीय #रजव(cid:31) ब;क कोर ब;Lकंग सो(cid:3)यूशन (ई-कुबेर) (cid:26)णाली म %
सामा=य गड़बड़ी को छोड़कर, भौितक ‘प म% अ(cid:26)ित(cid:19)पधE बोली (cid:19)वीकार नह^ क(cid:22) जाएगी।
3. ब;क अथवा (cid:26)ाथिमक डीलर को अ(cid:26)ित(cid:19)पधE खंड के अधीन आबंटन (cid:26)ितलाभ/क(cid:22)मत क(cid:22) उस भारांिशत औसत दर
पर होगा, जो (cid:26)ित(cid:19)पधE बोली दने े के आधार पर नीलामी म % सामन ेआएगी। इस बात पर *यान (cid:1)दए िबना (cid:1)क ब;क
अथवा (cid:26)ाथिमक डीलर न ेअपन े _ाहक0 स ेभुगतान (cid:26)ाa कर िलया है या नह^, िनगम(cid:31) क(cid:22) तारीख को भुगतान (cid:26)ाa
करके ब;क या (cid:26)ाथिमक डीलर को (cid:26)ितभिू तया ंजारी क(cid:22) जाएंगी।
4. ऐस े मामल े म%, जहां बोली क(cid:22) रािश (cid:26)ारि\त रािश (अिधसूिचत रािश के 5 (cid:26)ितशत) स े अिधक ह ै यथानुपात
आबंटन (cid:1)कया जाएगा। आंिशक आबंटन0 के मामल े म,% यह ब;क अथवा (cid:26)ाथिमक डीलर0 का दािय2व होगा (cid:1)क वह
अपन े_ाहक0 को (cid:26)ितभूितय0 का उिचत आबंटन एक पारदशE तरीके स ेकर%।
5. ऐस ेमामल ेम %जहां बोली रािश (cid:26)ारि\त रािश स ेकम हो, कमी को (cid:26)ित(cid:19)पधE भाग म% शािमल (cid:1)कया जाएगा।
6. (cid:26)ितभिू त को भारतीय #रजव(cid:31) ब;क (cid:6)ारा केवल एसजीएल ‘प म% जारी (cid:1)कया जाएगा। भारतीय #रजव(cid:31) ब;क इस े या
तो ब;क अथवा (cid:26)ाथिमक डीलर के म?ु य एसजीएल खाते अथवा सीएसजीएल खात े म % जमा करेगा,जैसा(cid:1)क उनके
(cid:6)ारा िनदशP (cid:1)दया गया ह।ै म?ु य एसजीएल खात े म % जमा करन े क(cid:22) सिु वधा एकमाG उन िनवेशक0 क(cid:22) सेवा के
(cid:26)योजनाथ (cid:31) ह ै जो उनके घटक नह^ ह।; अतः ब;क अथवा (cid:26)ाथिमक डीलर0 को अ(cid:26)ित(cid:19)पधE बोिलय0 क(cid:22) िनिवदा दते े4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
समय उनके एसजीएल खात े और सीएसजीएल खात े म % जमा होन े वाली रािशय0 (अं(cid:9)कत मू(cid:14)य) को (cid:19)प6 ट ‘प स े
दशान(cid:31) ा होगा। बाद म% िनवेशक के अनुरोध पर मु?य एसजीएल खात ेस े वा(cid:19)तिवक ‘प म % क(cid:22) गई सुपुदग(cid:31) ी (cid:19)वीकाय(cid:31)
ह ै।
7. यह ब;क अथवा (cid:26)ाथिमक डीलर का दािय2व ह ै (cid:1)क वह _ाहक को (cid:26)ितभिू तया ं ह(cid:19)तांत#रत करे। असाधारण
प#रि(cid:19)थितय0 को छोड़कर, _ाहक0 को (cid:26)ितभिू तय0 का अंतरण िनगम(cid:31) क(cid:22) ितिथ से पांच काय (cid:31) (cid:1)दवस0 के भीतर पूरा
(cid:1)कया जाएगा।
8. ब;क अथवा (cid:26)ाथिमक डीलर अपन े _ाहक0 को यह सेवा दने े के िलए छह पैस े (cid:26)ित सौ -पए तक
दलाली/कमीशन/सेवा (cid:26)भार के ‘प म % वसूल कर सकत े ह।; ऐसी क(cid:22)मत िब(cid:25)(cid:22) मू(cid:3)य म % शािमल क(cid:22) जा सकती ह ै या
_ाहक0 स े अलग से वसलू क(cid:22) जा सकती है। ऐस े मामल े म % जहा ं (cid:26)ितभिू तय0 का अंतरण (cid:26)ितभिू त क(cid:22) िनग(cid:31)म ितिथ
के बाद (cid:26)भावी होता हो, ब;क या (cid:26)ाथिमक डीलर को _ाहक (cid:6)ारा दये (cid:26)ितफल रािश म % िनग(cid:31)म ितिथ से उपिचत
Aयाज शािमल होगा।
9. (cid:26)ितभिू तय0 क(cid:22) लागत, उपिचत Aयाज जहा ं भी लाग ू हो, तथा दलाली/कमीशन/सेवा (cid:26)भार0 के िलए _ाहक0 से
भुगतान (cid:26)ाa करन े क(cid:22) काय-(cid:31) (cid:26)णाली,ब;क या (cid:26)ाथिमक डीलर (cid:6)ारा _ाहक के साथ क(cid:22) गई सहमित के अनुसार
तैयार क(cid:22) जाएगी। यह उ(cid:3)लेखनीय ह ै(cid:1)क (cid:1)कसी अ=य लागत, जैस ेिनिधकरण लागत को मू(cid:3)य म %शािमल नह^ (cid:1)कया
जाना चािहए या _ाहक0 स ेवसलू नह^ (cid:1)कया जाना चािहए।
VVVV.... ब;क0 और (cid:26)ाथिमक डीलर0 को भारतीय #रजव(cid:31) ब;क (ब;क) (cid:6)ारा समय-समय पर मांगी गई योजना के तहत संचालन0 स े
संबंिधत सूचना िनधा(cid:31)#रत समय सीमा के अंतग(cid:31)त ब;क को (cid:26)(cid:19)तुत करनी होगी।
VVVVIIII.... ऊपर उि(cid:3)लिखत (cid:1)दशािनदशP ब;क (cid:6)ारा समी\ा के अधीन ह ै और तTनसु ार, जब भी आवcयकता होगी, योजना को
संशोिधत (cid:1)कया जाएगा।
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 29th July, 2019
Auction for Sale (Re-issue) of Government Stock (GS)
F. No. 4(6)W&M/2019.—Government of India hereby notifies sale (re-issue) of the following
Government Stocks:
Name of the Date of Original Original Tenure Date of Auction Auction Notified Amount
Security Issue Maturity Basis Method
(yy-mm-dd) (in ` Crore)
7.32% GS 2024 Jan. 28, 2019 05-00-00 Jan. 28, 2024 Price Multiple 5,000
7.26% GS 2029 Jan. 14, 2019 10-00-00 Jan. 14, 2029 Price Multiple 6,000
7.69% GS 2043 Apr. 30, 2019 24-01-17 Jun. 17, 2043 Price Multiple 2,000
7.72% GS 2049 Apr. 15, 2019 30-02-00 Jun. 15, 2049 Price Multiple 4,000
Subject to the limit of ` 17,000 crore, being total notified amount, Government of India will have the option to
retain additional subscription up to ` 1,000 crore each against any one or more of the above securities. The
sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’). The
Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai- 400 001 as per the terms and
conditions specified in the General Notification F. No. 4(2)–W&M/ 2018, dated March 27, 2018 issued by
Government of India.
Allotment to Non-competitive Bidders
2. The Government Stock up to 5% of the notified amount of the sale will be allotted to eligible individuals and
institutions as per the enclosed Scheme for Non-competitive Bidding Facility in the Auctions of Government
Securities (Annex).¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5
Place and date of auction
3. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai - 400 001 on
August 02, 2019. Bids for the auction should be submitted in electronic format on the Reserve Bank of India
Core Banking Solution (E-Kuber) system on August 02, 2019. The non-competitive bids should be submitted
between 11.30 a.m. and 12.00 noon and the competitive bids should be submitted between 11.30 a.m. and
12.30 p.m.
When Issued Trading
4. The Stocks will be eligible for “When Issued” trading in accordance with the guidelines issued by the
Reserve Bank of India.
Date of issue and payment for the stock
5. The result of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai Office on
August 02, 2019. The payment by successful bidders will be on August 05, 2019 i.e. the date of re-issue. The
payment for the Stocks will include accrued interest on the nominal value of the Stock allotted in the auction
from the date of original issue/last coupon payment date to the date up to which accrued interest is due as
mentioned in the table in para 6.
Payment of Interest and Re-payment of Stock
6. Interest will accrue on the nominal value of the Stock from the date of original issue/last coupon payment
and will be paid half yearly. The Stocks will be repaid at par on date of maturity.
Name of the Security Coupon rate Date of Last Date up to which Date of Coupon payments
(%) Coupon payment (month/date)
accrued interest is due
7.32% GS 2024 7.32 Jul. 28, 2019 Aug. 04, 2019 Jan. 28 and Jul. 28
7.26% GS 2029 7.26 Jul. 14, 2019 Aug. 04, 2019 Jan. 14 and Jul. 14
7.69% GS 2043 7.69 Jun. 17, 2019 Aug. 04, 2019 Dec. 17 and Jun. 17
7.72% GS 2049 7.72 Jun. 15, 2019 Aug. 04, 2019 Dec. 15 and Jun. 15
By Order of the President of India,
Arvind Shrivastava, Jt. Secy.
Annex
Scheme for Non-competitive Bidding Facility in
the Auctions of Government Securities
I. Scope: With a view to encouraging wider participation and retail holding of Government securities, it is
proposed to allow participation on “non-competitive” basis in select auctions of dated Government of India (GoI)
securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the
auctions of dated securities. The reserved amount will be within the notified amount.
II. Eligibility: Participation on a non-competitive basis in the auctions of dated GOI securities will be open
to investors who satisfy the following:
1. do not maintain current account (CA) or Subsidiary General Ledger (SGL) account with the Reserve Bank
of India. Exceptions: Regional Rural Banks (RRBs) and Cooperative Banks shall be covered under this
Scheme in view of their statutory obligations.
2. make a single bid for an amount not more than ` two crore (face value) per auction
3. submit their bid indirectly through any one bank or PD offering this scheme.
Exceptions: Regional Rural Banks (RRBs) and Cooperative Banks that maintain SGL account and current
account with the Reserve Bank of India shall be eligible to submit their non competitive bids directly.
III. Coverage: Subject to the conditions mentioned above, participation on “non-competitive” basis is open to
any person including firms, companies, corporate bodies, institutions, provident funds, trusts, and any other
entity as may be prescribed by RBI. The minimum amount for bidding will be ` 10,000 (face value) and
thereafter in multiples in ` 10,000 as hitherto for dated stocks.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
IV. Other Operational Guidelines:
1. The retail investor desirous of participating in the auction under the Scheme would be required to
maintain a constituent subsidiary general ledger (CSGL) account with the bank or PD through
whom they wish to participate. Under the Scheme, an investor can make only a single bid in an
auction of a dated security. An undertaking to the effect that the investor is making only a single
bid will have to obtained and kept on record by the bank or PD.
2. Each bank or PD on the basis of firm orders received from their constituents will submit a single
consolidated non-competitive bid on behalf of all its constituents for each security in electronic
format on the Reserve Bank of India Core Banking Solution (E-Kuber) System. Except in
extraordinary circumstances such as general failure of the Reserve Bank of India Core Banking
Solution (E-Kuber) System, non-competitive bid in physical form will not be accepted.
3. Allotment under the non-competitive segment to the bank or PD will be at the weighted average
rate of yield/price that will emerge in the auction on the basis of the competitive bidding. The
securities will be issued to the bank or PD against payment on the date of issue irrespective of
whether the bank or PD has received payment from their clients or not.
4. In case the aggregate amount of bid is more than the reserved amount (5% of notified amount),
pro rata allotment would be made. In case of partial allotments, it will be the responsibility of the
bank or PD to appropriately allocate securities to their clients in a transparent manner.
5. In case the aggregate amount of bids is less than the reserved amount, the shortfall will be taken
to competitive portion.
6. Security would be issued only in SGL form by RBI. RBI would credit either the main SGL account
or the CSGL account of the bank or PD as indicated by them. The facility for affording credit to the
main SGL account is for the sole purpose of servicing investors who are not their constituents.
Therefore, the bank or PD would have to indicate clearly at the time of tendering the non-
competitive bids the amounts (face value) to be credited to their SGL account and the CSGL
account. Delivery in physical form from the main SGL account is permissible at the instance of the
investor subsequently.
7. It will be the responsibility of the bank or the PD to pass on the securities to their clients. Except in
extraordinary circumstances, the transfer of securities to the clients shall be completed within five
working days from the date of issue.
8. The bank or PD can recover up to six paise per ` 100 as brokerage/commission/service charges
for rendering this service to their clients. Such costs may be built into the sale price or recovered
separately from the clients. In case the transfer of securities is effected subsequent to the issue
date of the security, the consideration amount payable by the client to the bank or PD would also
include accrued interest from the date of issue.
9. Modalities for obtaining payment from clients towards cost of the securities, accrued interest
wherever applicable and brokerage/commission/service charges may be worked out by the bank
or PD as per agreement with the client. It may be noted that no other costs such as funding costs
should be built into the price or recovered from the client.
V. Banks and PDs will be required to furnish information relating to operations under the Scheme to the
Reserve Bank of India (Bank) as may be called for from time to time within the time frame prescribed by the
Bank.
VI. The aforesaid guidelines are subject to review by the Bank and accordingly, if and when considered
necessary, the Scheme will be modified.
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and Published by the Controller of Publications, Delhi-110054.