Executive Summary:
This document notifies the sale/reissue of Government Stocks. The sale will be conducted by the Reserve Bank of India (RBI) in Mumbai on March 8, 2019. Payment by successful bidders will be on March 11, 2019. It also outlines a scheme for non-competitive bidding to encourage wider participation in Government security auctions.
Key Points / Main Content:
Government Stock Sale/Reissue:
* Government of India is selling/reissuing Government Stocks.
* The sale will be through the Reserve Bank of India, Mumbai Office.
* The notified amount is subject to GoI's option to retain additional subscription up to 1,000 crore each against any one or more of the above securities, with a limit of 12,000 crore.
Auction Details:
* Auction to be conducted by RBI, Mumbai on March 8, 2019.
* Bids must be submitted electronically via the Reserve Bank of India Core Banking Solution EKuber system.
* Non-competitive bids: 11:30 a.m. - 12:00 noon.
* Competitive bids: 11:30 a.m. - 12:30 p.m.
* Results will be displayed by the RBI on March 8, 2019, at its Mumbai office.
* Payment by successful bidders is due on March 11, 2019.
Interest and Repayment:
* Interest accrues from the original issue date/last coupon payment date.
* Interest is paid half-yearly.
* Stocks will be repaid at par on the maturity date.
Non-Competitive Bidding Scheme:
* Aims to encourage wider participation and retail holding of Government securities.
* Allows participation on a non-competitive basis in select auctions of dated Government of India securities.
* Non-competitive bids up to 5% of the notified amount will be accepted.
Eligibility for Non-Competitive Bidding:
* Investors who do not maintain a current account (CA) or Subsidiary General Ledger (SGL) account with RBI (exceptions: RRBs and Cooperative Banks).
* Single bid for an amount not more than two crore face value per auction.
* Bids submitted indirectly through a bank or PD offering the scheme (exceptions: RRBs and Cooperative Banks maintaining SGL account and current account with RBI can submit bids directly).
* Minimum bid amount is 10,000 face value and in multiples thereof.
Operational Guidelines for Non-Competitive Bidding:
* Retail investors must maintain a constituent subsidiary general ledger (CSGL) account with the participating bank or PD.
* Each bank/PD submits a single consolidated non-competitive bid on behalf of all constituents.
* Allotment at the weighted average rate of yield/price from the competitive bidding.
* Securities issued to the bank/PD against payment on the issue date.
* If bids exceed the 5% reserved amount, pro rata allotment occurs.
* RBI issues security in SGL form, crediting either the main SGL or CSGL account of the bank/PD.
* Banks/PDs are responsible for passing securities to clients within five working days from the issue date.
* Brokerage/commission/service charges are capped at six paise per 100.
Impact Analysis:
Eligible Individuals and Institutions (Non-Competitive Bidders):
* Impact: Opportunity to participate in Government security auctions on a non-competitive basis, potentially increasing access to investment options. Allotment of up to 5% of notified amount of sale
* Action Required: Open a CSGL account with a bank or PD, submit bids through them, and provide payment for securities.
Banks and Primary Dealers (PDs):
* Impact: Required to facilitate non-competitive bidding for their clients, manage CSGL accounts, and ensure timely transfer of securities.
* Action Required: Offer the non-competitive bidding scheme to clients, submit consolidated bids, manage allotments, and transfer securities within five working days.
Reserve Bank of India (RBI):
* Impact: Responsible for conducting the auction, allotting securities, and managing the SGL accounts.
* Action Required: Conduct the auction on March 8, 2019, display results, and credit securities to bank/PD accounts.
Government of India:
* Impact: Achieve wider participation and retail holding of Government securities.
* Action Required: Monitor the auction process and make adjustments to the scheme as needed.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for conducting auctions and displaying results related to government stock sales.
Mumbai, Maharashtra: City in India where the Reserve Bank of India office is located, which is involved in the auction process.
Ministry of Finance: A department of the Government of India, specifically the Department of Economic Affairs, that issued the notification for the sale/reissue of Government Stocks.
Government Stock: Securities being auctioned for sale and reissue as specified in the notification.
March 1, 2019: The date of the notification regarding the auction for sale/reissue of government stock.
March 8, 2019: The date of the auction conducted by the Reserve Bank of India as per the notification.
EKuber System: The Reserve Bank of India Core Banking Solution system used for submitting bids in electronic format.
Noncompetitive Bidding Facility: A scheme designed to encourage wider participation and retail holding of Government securities, allowing noncompetitive bids in select auctions.
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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. 65] NEW DELHI, FRIDAY, MARCH 1, 2019/PHALGUNA 10, 1940
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) ममममं(cid:6)ं(cid:6)ं(cid:6)ं(cid:6)ााााललललयययय
((((आआआआ(cid:2)(cid:2)(cid:2)(cid:2)थथथथकककक ककककाााायययय (cid:7)(cid:7) (cid:7)(cid:7)ििििववववभभभभाााागगगग))))
((((बबबबजजजजटटटट (cid:8)(cid:8)(cid:8)(cid:8)भभभभाााागगगग))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:1)द(cid:3)ली, 1 माच(cid:9), 2019
ससससररररककककााााररररीीीी (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ((((जजजजीीीी एएएएसससस)))) कककक(cid:18)(cid:18)(cid:18)(cid:18) ििििबबबब(cid:20)(cid:20)(cid:20)(cid:20)(cid:18)(cid:18)(cid:18)(cid:18) ((((पपपपननुुननुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगग(cid:26)म(cid:26)म(cid:26)म(cid:26)म)))) ककककेेेे ििििललललएएएए ननननीीीीललललााााममममीीीी
फफफफाााा.... ससससं.ं.ं.ं. 4444((((6666))))----डडडड(cid:28)(cid:28)(cid:28)(cid:28)(cid:29)(cid:29) (cid:29)(cid:29) यय यय एएूूएएूू ंंडडंंडडएएएएमममम////2222000011118888....————भारत सरकार एतद(cid:10)् ारा नीचे (cid:1)दए गए अनुसार सरकारी (cid:21)टॉक, क(cid:24) िब(cid:27)(cid:24) ((((पपपपननुुननुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगगमम(cid:26)(cid:26)मम(cid:26)(cid:26) ))))
अिधसूिचत करती ह।ै
(cid:28)ितभूित का नाम मूल िनग(cid:9)म क(cid:24) मूल अविध प#रप$ता क(cid:24) नीलामी का नीलामी क(cid:24) अिधसूिचत रािश
आधार िविध (करोड़ म’)
तारीख (वष(cid:9)-माह-(cid:1)दन) तारीख
7.32% सरकारी (cid:28)ितभूित 2024 28 जनवरी, 2019 05-00-00 28 जनवरी, 2024 मू(cid:3)य िविवध 3,000
7.26% सरकारी (cid:28)ितभूित 2029 14 जनवरी, 2019 10-00-00 14 जनवरी, 2029 मू(cid:3)य िविवध 4,000
8.24% सरकारी (cid:28)ितभूित 2033 10 नव)ब र, 2014 19-00-00 10 नव) बर, 2033 मू(cid:3)य िविवध 2,000
7.72% सरकारी (cid:28)ितभूित 2055 26 अ*त ूबर, 2015 40-00-00 26 अ* तबू र, 2055 मू(cid:3)य िविवध 3,000
कुल अिधसूिचत रािश के अ-यधीन 12,000 करोड़ .पए क(cid:24) सीमा तक भारत सरकार, उपयु(cid:9)* त एक या अिधक (cid:28)ितभूितय0 के प#रपे1 य म’
(cid:28)2य ेक म’ 1,000 करोड़ .पए तक के अित#र3 अिभदान का िवक(cid:3)प बनाए रखेगी। यह िब(cid:27)(cid:24) इस अिधसूचना
(िजसे 'िविश6ट अिधसूचना' कहा गया ह)ै म’ उि(cid:3)लिखत शत7 के अधीन होगी। इस (cid:21)टॉक क(cid:24) िब(cid:27)(cid:24) भारतीय #रजव(cid:9) बक; , मबुं ई कायाल(cid:9) य, फोट,(cid:9)
मुंबई-400001 के मा-यम से भारत सरकार (cid:10)ारा जारी सामा=य अिधसूचना एफ.सं?या 4(2)-डA(cid:3)य ू एBड एम/2018, तारीख 27 माच(cid:9)
2018 म’ िनCदD शत7 के अधीन क(cid:24) जाएगी।
1397 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
अअअअ िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध#### बबबबोोोोललललीीीीददददाााातततताााा&&&& ककककोोोो आआआआबबबबंटंटंटंटनननन
2. सरकारी (cid:28)ितभूितय0 क(cid:24) नीलािमय0 म’ अ(cid:28)ित(cid:21)पधE बोली दने े क(cid:24) सुिवधा क(cid:24) संलF (cid:21)क(cid:24)म (अनुबंध) के अनुसार, िब(cid:27)(cid:24) क(cid:24) अिधसूिचत
रािश का 5 (cid:28)ितशत तक सरकारी (cid:21)टॉक पाG Hय ि3य0 और सं(cid:21)थाJ को आबं#टत (cid:1)कया जाएगा ।
ननननीीीीललललााााममममीीीी ककककाााा (cid:15)(cid:15)(cid:15)(cid:15)थथथथाााानननन एएएएवववव ंं ंंततततााााररररीीीीखखखख
3. यह नीलामी भारतीय #रजव(cid:9) ब;क, मुंबई काया(cid:9)लय, फोट,(cid:9) मुंबई-400001 (cid:10)ारा 8888 ममममााााचचचच,,,,(cid:26)(cid:26)(cid:26)(cid:26) 2222000011119999 को संचािलत क(cid:24) जाएगी। नीलामी हते ु
बोिलयां भारतीय #रजव(cid:9) ब;क कोर ब;Lकग सो(cid:3)यूशन (ई-कुबेर) (cid:28)णाली संबंधी इले*Nॉिनक (cid:28)पG म’ 8888 ममममााााचचचच,,,,(cid:26)(cid:26)(cid:26)(cid:26) 2222000011119999 को (cid:28)(cid:21)तुत क(cid:24) जानी
चािहए। अ(cid:28)ित(cid:21)पधE बोिलयां पूवा(cid:9)Oन 11.30 बजे से दोपहर 12.00 बजे के बीच और (cid:28)ित(cid:21)पधE बोिलयां पूवा(cid:9)Oन 11.30 बजे से म-याOन
12.30 बजे के बीच (cid:28)(cid:21)तुत क(cid:24) जानी चािहए।
ककककबबबब ििििननननगगगगिि(cid:26)(cid:26)िि(cid:26)(cid:26)ममममतततत ककककााााररररोोोोबबबबाााारररर
4. यह (cid:21)टॉक, भारतीय #रजव(cid:9) ब;क (cid:10)ारा जारी (cid:1)दशािनदPश0 के अनुसार, 'कब िनग(cid:9)िमत’ कारोबार के िलए पाG होगा।
ििििननननगगगग(cid:26)म(cid:26)म(cid:26)म(cid:26)म कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख औऔऔऔरररर (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ककककेेेे ििििललललएएएए भभभभगगुुगगुु तततताााानननन
5. नीलामी का प#रणाम भारतीय #रजव(cid:9) ब;क (cid:10)ारा अपने फोट(cid:9) ि(cid:21)थत मुंबई काया(cid:9)लय म ’ 8888 ममममााााचचचच,,,,(cid:26)(cid:26)(cid:26)(cid:26) 2222000011119999 को (cid:28)दRशत (cid:1)कया जाएगा। सफल
बोलीदाताJ (cid:10)ारा भुगतान 11111111 ममममााााचचचच,,,,(cid:26)(cid:26)(cid:26)(cid:26) 2222000011119999 अथा(cid:9)त् पपपपननुुननुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगग(cid:26)म(cid:26)म(cid:26)म(cid:26)म क(cid:24) तारीख को (cid:1)कया जाएगा। (cid:21)टॉक के िलए भुगतान म’ नीलामी म’ आबं#टत
(cid:21)टॉक के अं(cid:1)कत मू(cid:3)य पर, मूलिनग(cid:9)म/अंितम कूपन भुगतान क(cid:24) तारीख से (cid:28)ोTभूत Aयाज दये होने क(cid:24) तारीख तक (cid:28)ोTभूत Aयाज शािमल होगा
जैसा (cid:1)क पैरा 6 म’ तािलका म’ उि(cid:3)लिखत ह।ै
(cid:28)(cid:28)(cid:28)(cid:28)ययययााााजजजज ककककाााा भभभभगगुुगगुु तततताााानननन औऔऔऔरररर (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ककककाााा पपपपननुुननुु भभभभगगु(cid:26)ु(cid:26)गगु(cid:26)ु(cid:26) तततताााानननन
6. मूल Rनग(cid:9)म/अंितम कूपन भुगतान क(cid:24) तारीख से (cid:21)टॉक के अं(cid:1)कत मू(cid:3)य पर Aयाज (cid:28)ोTभूत होगा तथा इसका भुगतान अWव(cid:9) ाRषक आधार पर
(cid:1)कया जाएगा। (cid:21)टॉक का पुनभु(cid:9)गतान प#रप$ता क(cid:24) तारीख पर सममू(cid:3)य पर (cid:1)कया जाएगा।
ििििततततभभभभििूूििूूतततत ककककाााा ननननाााामममम ककककूूूूपपपपनननन ददददरररर अअअअ ििंंििंं तत तत मममम ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन ----ककककसससस ततततााााररररीीीीखखखख ततततकककक ोोोो....भभभभततूूततूू ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख
((((%%%%)))) (cid:28)(cid:28)(cid:28)(cid:28)ययययााााजजजज ददददेयेयेयेय हहहह ैैैै
कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख ((((ततततााााररररीीीीखखखख////ममममााााहहहह))))
7.32% सरकारी (cid:28)ितभूित 2024 7.32 नया (cid:21) टॉक 10 माच(cid:9), 2019 28 जुलाई और 28 जनवरी
7.26% सरकारी (cid:28)ितभूित 2029 7.26 नया (cid:21) टॉक 10 माच(cid:9), 2019 14 जुलाई और 14 जनवरी
8.24% सरकारी (cid:28)ितभूित 2033 8.24 10 नव) बर, 2018 10 माच(cid:9), 2019 10 मई और 10 नव) बर
7.72% सरकारी (cid:28)ितभूित 2055 7.72 26 अ* तबू र, 2018 10 माच(cid:9), 2019 26 अ(cid:28)ैल और 26 अ* तूबर
भारत के राYपित के आदेश से,
अरZवद [ीवा(cid:21)तव, संयु3 सिचव
अअअअननननबबुुबबुु धधंंधधंं
ससससररररककककााााररररीीीी ििििततततभभभभििूूििूूततततयययय2222 कककक(cid:18)(cid:18)(cid:18)(cid:18) ननननीीीीललललााााममममीीीी मममम 33 33अअअअ िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध#### बबबबोोोोललललीीीी ससससुिुिुिुिववववधधधधाााा (cid:15)(cid:15)(cid:15)(cid:15)कककक(cid:18)(cid:18)(cid:18)(cid:18)मममम
IIII.... ककककाााायययय44(cid:26)(cid:26)44(cid:26)(cid:26) े(cid:6)े(cid:6)े(cid:6)े(cid:6):::: सरकारी (cid:28)ितभूितय0 क(cid:24) \ापक भागीदारी और खुदरा धा#रता को (cid:28)ो2साहन दने े क(cid:24) दिृD से भारत सरकार क(cid:24) (cid:1)दना(cid:1)ंकत
(cid:28)ितभूितय0 क(cid:24) चयिनत नीलािमय0 म’ "अ(cid:28)ित(cid:21)पधE" आधार पर भागीदारी क(cid:24) अनुमित दने ेका (cid:28)(cid:21)ताव (cid:1)कया गया ह।ै तTनुसार, (cid:1)दना(cid:1)ंकत
(cid:28)ितभूितय0 क(cid:24) नीलािमय0 म’ अिधसूिचत रािश के 5 (cid:28)ितशत तक क(cid:24) अ(cid:28)ित(cid:21)पधE बोिलयां (cid:21)वीकार क(cid:24) जाएंगी। (cid:28)ारि^त रािश
अिधसूिचत रािश के अअअअ5555ततततगगगग(cid:26)त(cid:26)त(cid:26)त(cid:26)त होगी।
IIIIIIII.... पपपपाााा(cid:6)(cid:6)(cid:6)(cid:6)तततताााा :::: भारत सरकार क(cid:24) (cid:1)दना(cid:1)ं कत (cid:28)ितभूितय0 क(cid:24) नीलािमय0 म’ अ(cid:28)ित(cid:21)पधE आधार पर ऐसे िनवेशक0 के िलए भागीदारी खुली
होगी जो िन_िलिखत शत7 को पूरा करते ह:;
1. जो भारतीय #रजव(cid:9) ब;क के पास चालू खाता (सीए) अथवा सहायक सामा=य बही (एसजीएल) खाता नह‘ रखते ह;;¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3
अअअअपपपपववववाााादददद:::: ^ेGीय aामीण ब;क0 (आरआरबी) और सहकारी ब;क0 को उनके सांिविधक दािय2व0 के दिृDगत इस (cid:21)क(cid:24)म के अधीन
शािमल (cid:1)कया जाएगा।
2. जो (cid:28)ि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:21)क(cid:24)म (cid:28)दान करने वाले (cid:1)कसी एक ब;क अथवा (cid:28)ाथिमक डीलर के मा-यम से अपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प स े(cid:28)(cid:21)तुत करते
ह।;
अअअअपपपपववववाााादददद:::: ऐसे ^ेGीय aामीण ब;क (आरआरबी) तथा सहकारी ब;क जो भारतीय #रजव(cid:9) ब;क म’ एस.जी.एल.खाता और चालू खाता
रखते ह,; अपनी अ(cid:28)ित(cid:21)पधE बोिलय0 को (cid:28)2य^ bप से (cid:28)(cid:21)तुत करने के िलए पाG ह0गे।
IIIIIIIIIIII.... 6666ाााापपपपककककतततताााा:::: उपयु(cid:9)3 शत7 के अधीन "अ(cid:28)ित(cid:21)पधE" आधार पर फम7, कंपिनय0, िनगिमत िनकाय0, सं(cid:21)थाJ, भिव6 य िनिधय0, =यास0
और भारतीय #रजव(cid:9) ब;क (cid:10)ारा यथा-िनधा(cid:9)#रत (cid:1)कसी अ=य कंपनी सिहत (cid:1)कसी भी \ि3 के िलए भागीदारी खुली ह।ै बोली दने ेक(cid:24) =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)दनां(cid:1)कत (cid:21)टॉक के िलए ह।ै
IIIIVVVV.... अअअअ5555यययय चचचचााााललललननननाााा7777ममममकककक ----ददददशशशशााााििििननननददददशश99शश99 ::::
1111.... खुदरा िनवेशक के िलए उस ब;क अथवा (cid:28)ाथिमक डीलर, िजनके मा-यम से वे भाग लेना चाहत े ह,; के पास एक संघटक
सहायक सामा=य बही (सीएसजीएल) खाता रखना अिनवाय (cid:9)होगा। कोई भी िनवेशक इस (cid:21)क(cid:24)म के अधीन (cid:1)दना(cid:1)ंकत (cid:28)ितभूित क(cid:24)
(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:28)ाथिमक डीलर (cid:10)ारा (cid:28)ाc (cid:1)कया जाना और #रकाड (cid:9)म’ रखा जाना होगा।
2. अपने aाहक0 से (cid:28)ाc पdे आड(cid:9)र के आधार पर (cid:28)2येक ब;क अथवा (cid:28)ाथिमक डीलर भारतीय #रजव (cid:9)ब;क कोर ब;Lकग सो(cid:3)यूशन
(ई-कुबेर) (cid:28)णाली संबंधी इले*Nॉिनक (cid:28)पG म’ अपने aाहक0 क(cid:24) ओर से एक एकल समे(cid:1)कत अ(cid:28)ित(cid:21)पधE बोली (cid:28)(cid:21)तुत करेगा।
असाधारण प#रि(cid:21)थितय0, जैसे भारतीय #रजव(cid:9) ब;क कोर ब;Lकग सो(cid:3)यूशन (ई-कुबेर) (cid:28)णाली म’ सामा=य गड़बड़ी को छोड़कर,
भौितक bप म’ अ(cid:28)ित(cid:21)पधE बोली (cid:21)वीकार नह‘ क(cid:24) जाएगी।
3. ब;क अथवा (cid:28)ाथिमक डीलर को अ(cid:28)ित(cid:21)पधE खंड के अधीन आबंटन (cid:28)ितलाभ/क(cid:24)मत क(cid:24) उस भारांिशत औसत दर पर होगा,
जो (cid:28)ित(cid:21)पधE बोली देन ेके आधार पर नीलामी म’ सामने आएगी। इस बात पर -यान (cid:1)दए िबना (cid:1)क ब;क अथवा (cid:28)ाथिमक डीलर न े
अपने aाहक0 से भुगतान (cid:28)ाc कर िलया ह ै या नह‘, िनग(cid:9)म क(cid:24) तारीख को भुगतान (cid:28)ाc करके ब;क या (cid:28)ाथिमक डीलर को
(cid:28)ितभूितया ंजारी क(cid:24) जाएंगी।
4. ऐसे मामले म’, जहा ंबोली क(cid:24) रािश (cid:28)ारि^त रािश (अिधसूिचत रािश के 5 (cid:28)ितशत) से अिधक ह ैयथानुपात आबंटन (cid:1)कया
जाएगा। आंिशक आबंटन0 के मामले म’, यह ब;क अथवा (cid:28)ाथिमक डीलर0 का दािय2व होगा (cid:1)क वह अपने aाहक0 को (cid:28)ितभूितय0
का उिचत आबंटन एक पारदशE तरीके से कर’।
5. ऐसे मामले म’ जहां बोली रािश (cid:28)ारि^त रािश से कम हो, कमी को (cid:28)ित(cid:21)पधE भाग म’ शािमल (cid:1)कया जाएगा।
6. (cid:28)ितभूित को भारतीय #रजव(cid:9) ब;क (cid:10)ारा केवल एसजीएल bप म’ जारी (cid:1)कया जाएगा। भारतीय #रजव(cid:9) ब;क इसे या तो ब;क
अथवा (cid:28)ाथिमक डीलर के मु?य एसजीएल खाते अथवा सीएसजीएल खात ेम’ जमा करेगा,जैसा(cid:1)क उनके (cid:10)ारा िनदPश (cid:1)दया गया है।
मु?य एसजीएल खाते म’ जमा करने क(cid:24) सुिवधा एकमाG उन िनवेशक0 क(cid:24) सेवा के (cid:28)योजनाथ(cid:9) ह ैजो उनके घटक नह‘ ह।; अतः ब;क
अथवा (cid:28)ाथिमक डीलर0 को अ(cid:28)ित(cid:21)पधE बोिलय0 क(cid:24) िनिवदा दते ेसमय उनके एसजीएल खात ेऔर सीएसजीएल खात ेम’ जमा होन े
वाली रािशय0 (अं(cid:9)कत मू(cid:14)य) को (cid:21)प6 ट bप से दशा(cid:9)ना होगा। बाद म’ िनवेशक के अनुरोध पर मु?य एसजीएल खात े से वा(cid:21)तिवक
bप म’ क(cid:24) गई सुपुदग(cid:9) ी (cid:21)वीकाय(cid:9) ह।ै
7. यह ब;क अथवा (cid:28)ाथिमक डीलर का दािय2व है (cid:1)क वह aाहक को (cid:28)ितभूितया ं ह(cid:21)तातं #रत करे। असाधारण प#रि(cid:21)थितय0 को
छोड़कर, aाहक0 को (cid:28)ितभूितय0 का अंतरण िनग(cid:9)म क(cid:24) ितिथ से पांच काय (cid:9)(cid:1)दवस0 के भीतर पूरा (cid:1)कया जाएगा।
8. ब;क अथवा (cid:28)ाथिमक डीलर अपने aाहक0 को यह सेवा दने े के िलए छह पैसे (cid:28)ित सौ .पए तक दलाली/कमीशन/सेवा (cid:28)भार के
bप म’ वसूल कर सकते ह।; ऐसी क(cid:24)मत िब(cid:27)(cid:24) मू(cid:3)य म’ शािमल क(cid:24) जा सकती ह ैया aाहक0 से अलग से वसूल क(cid:24) जा सकती ह।ै ऐसे
मामले म’ जहा ं(cid:28)ितभूितय0 का अंतरण (cid:28)ितभूित क(cid:24) िनग(cid:9)म ितिथ के बाद (cid:28)भावी होता हो, ब;क या (cid:28)ाथिमक डीलर को aाहक (cid:10)ारा
दये (cid:28)ितफल रािश म’ िनग(cid:9)म ितिथ से उपिचत Aयाज शािमल होगा।
9. (cid:28)ितभूितय0 क(cid:24) लागत, उपिचत Aयाज जहा ं भी लागू हो, तथा दलाली/कमीशन/सेवा (cid:28)भार0 के िलए aाहक0 से भुगतान
(cid:28)ाc करने क(cid:24) काय(cid:9)-(cid:28)णाली,ब;क या (cid:28)ाथिमक डीलर (cid:10)ारा aाहक के साथ क(cid:24) गई सहमित के अनुसार तैयार क(cid:24) जाएगी। यह
उ(cid:3)लेखनीय ह ै(cid:1)क (cid:1)कसी अ=य लागत, जैसे िनिधकरण लागत को मू(cid:3)य म’ शािमल नह‘ (cid:1)कया जाना चािहए या aाहक0 से वसूल नह‘
(cid:1)कया जाना चािहए।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
VVVV.... ब;क0 और (cid:28)ाथिमक डीलर0 को भारतीय #रजव(cid:9) ब;क (ब;क) (cid:10)ारा समय-समय पर मांगी गई योजना के तहत संचालन0 से संबंिधत सूचना
िनधा(cid:9)#रत समय सीमा के अंतग(cid:9)त ब;क को (cid:28)(cid:21)तुत करनी होगी।
VVVVIIII.... ऊपर उि(cid:3)लिखत (cid:1)दशािनदPश ब;क (cid:10)ारा समी^ा के अधीन ह ै और तTनुसार, जब भी आवeयकता होगी, योजना को संशोिधत (cid:1)कया
जाएगा।
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 1st March, 2019
Auction for Sale (Re-issue) of Government Stock (GS)
F. No. 4(6)-W&M/2018.—Government of India hereby notifies sale (re-issue) of the following
Government Stocks:
Name of the Date of Original Date of Auction Auction Notified
Security Original Issue Tenure Maturity Basis Method Amount
(yy-mm-dd) (in ` Crore)
7.32% GS 2024 Jan. 28, 2019 05-00-00 Jan. 28, 2024 Price Multiple 3,000
7.26% GS 2029 Jan. 14, 2019 10-00-00 Jan. 14, 2029 Price Multiple 4,000
8.24% GS 2033 Nov.10, 2014 19-00-00 Nov. 10, 2033 Price Multiple 2,000
7.72% GS 2055 Oct. 26, 2015 40-00-00 Oct. 26, 2055 Price Multiple 3,000
Subject to the limit of ` 12,000 crore, being total notified amount, GoI 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).
Place and date of auction
3. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai - 400 001 on
March 8, 2019. Bids for the auction should be submitted in electronic format on the Reserve Bank of India
Core Banking Solution (E-Kuber) system on March 8, 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
March 8, 2019. The payment by successful bidders will be on March 11, 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 upto which accrued interest is due as
mentioned in the table in para 6.¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5
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 Coupon Date of Last Date upto which Date of Coupon
Security rate (%) Coupon payment payments
accrued interest is due
(month/date)
7.32% GS 2024 7.32 New Stock Mar. 10, 2019 Jul. 28 and Jan. 28
7.26% GS 2029 7.26 New Stock Mar. 10, 2019 Jul. 14 and Jan. 14
8.24% GS 2033 8.24 Nov. 10, 2018 Mar. 10, 2019 May 10 and Nov. 10
7.72% GS 2055 7.72 Oct. 26, 2018 Mar. 10, 2019 Apr. 26 and Oct. 26
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 per cent 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.
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.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
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 upto 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.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.