Executive Summary:
This notification announces the sale/reissue of Government Stocks, with auctions conducted by the Reserve Bank of India (RBI) on January 10, 2020. It details the terms and conditions for the sale, including the notified amount for different government securities and a non-competitive bidding facility. The payment by successful bidders will be on January 13, 2020.
Key Points / Main Content:
Government Stock Sale/Reissue:
* Government of India is selling/reissuing government stocks.
* The sale is subject to terms and conditions in this notification and the General Notification F. No. 42WM2018, dated March 27, 2018.
Auction Details:
* Auctions are conducted by the Reserve Bank of India (RBI), Mumbai.
* Auction Date: January 10, 2020.
* Bids to be submitted electronically via the RBI Core Banking Solution (EKuber system).
* Non-competitive bids: 11:30 a.m. to 12:00 noon.
* Competitive bids: 11:30 a.m. to 12:30 p.m.
* Auction results displayed at RBI, Mumbai Office on January 10, 2020.
Government Stock Specifics:
| Security Name | Original Issue Date | Maturity Date | Notified Amount (Crore) |
| :------------ | :---------------- | :------------ | :----------------------- |
| 6.18 GS 2024 | Nov. 04, 2019 | Nov. 04, 2024 | 4,000 |
| 7.57 GS 2033 | May 20, 2019 | Jun. 17, 2033 | 6,000 |
| 7.69 GS 2043 | Apr. 30, 2019 | Jun. 17, 2043 | 2,000 |
| 7.72 GS 2049 | Apr. 15, 2019 | Jun. 15, 2049 | 4,000 |
* Total notified amount: 16,000 crore.
* Government has the option to retain additional subscription up to 1,000 crore against any one or more securities.
Payment and Interest:
* Payment Date: January 13, 2020.
* Payment includes accrued interest from the original issue/last coupon payment date.
* Interest accrues on nominal value and is paid half-yearly.
* Stocks repaid at par on maturity date.
Non-Competitive Bidding Facility:
* Up to 5% of the notified amount is reserved for non-competitive bids.
* Eligibility: Investors without CA or SGL accounts with RBI (exceptions for RRBs and Cooperative Banks).
* Bid Limit: Single bid, not exceeding two crore face value per auction.
* Bids submitted through banks or PDs (exceptions for RRBs and Cooperative Banks with SGL accounts).
* Minimum bid amount: 10,000 face value, in multiples of 10,000.
* Allotment at weighted average yield/price from competitive bidding.
Operational Guidelines for Non-Competitive Bidding:
* Retail investors need a CSGL account with the bank/PD.
* Banks/PDs submit a single consolidated bid for each security.
* Pro rata allotment if bids exceed the reserved amount.
* Securities issued in SGL form only.
* Banks/PDs responsible for passing securities to clients within five working days.
* Brokerage/commission charges: up to six paise per 100.
Impact Analysis
Government of India:
* Impact: Raises funds through the sale/reissue of government stocks.
* Action Required: Oversee the auction process and manage the funds raised.
Reserve Bank of India (RBI):
* Impact: Conducts the auction and manages the allocation of stocks.
* Action Required: Conduct the auction on January 10, 2020, display results, and ensure smooth payment processing.
Banks and Primary Dealers (PDs):
* Impact: Facilitate non-competitive bidding for their clients and participate in competitive bidding.
* Action Required: Submit consolidated non-competitive bids, allocate securities to clients, and manage CSGL accounts.
Investors (Individuals, Institutions, etc.):
* Impact: Opportunity to invest in government securities through competitive and non-competitive bidding.
* Action Required: Submit bids through appropriate channels (banks/PDs), ensure funds availability for payment, and maintain CSGL accounts if participating in non-competitive bidding.
Key Entities Referenced
Government of India: The issuer of the government stocks and the overarching authority for the policies described.
Reserve Bank of India: The central bank of India, responsible for conducting the auction and managing the government securities.
Mumbai Office, Fort, Mumbai, Maharashtra: The specific branch of the Reserve Bank of India where the auction will be conducted and results displayed.
Ministry of Finance: The ministry under which the Department of Economic Affairs and the Budget Division operate.
Department of Economic Affairs: A department within the Ministry of Finance, responsible for economic policy and related matters.
General Notification F. No. 42WM2018, dated March 27, 2018: A previously issued notification providing the general terms and conditions for the sale of government stocks.
6.18 GS 2024: A specific government stock with a coupon rate of 6.18% and maturing in 2024.
Scheme for Noncompetitive Bidding Facility in the Auctions of Government Securities: A scheme to encourage wider participation and retail holding of Government securities.
ररररििििजजजज(cid:4)(cid:4)(cid:4)(cid:4)(cid:5)(cid:5)(cid:5)(cid:5)ीीीी सससस..ंं..ंं डडडडीीीी....एएएएलललल....---- 33333333000000004444////99999999 REGD. NO. D. L.-33004/99
सी.जी.-डी.एलx.-xअxG.-I0D8H0x1xx2 020-215229
CG-DL-xEx-x0G8I0D1E2x0x2x 0-215229
अअअअससससााााधधधधााााररररणणणण
EXTRAORDINARY
भाग I—ख(cid:2)ड 1111
PART I—Section 1
(cid:1)(cid:1)(cid:1)(cid:1)ााााििििधधधधककककाााारररर सससस ेे ेे(cid:1)(cid:1)(cid:1)(cid:1)ककककााााििििशशशशतततत
PUBLISHED BY AUTHORITY
सससस..ंं..ंं 06] ननननईईईई $$$$दददद""""ललललीीीी,,,, ससससोोोोममममववववाााारररर,,,, जजजजननननववववररररीीीी 6666,,,, 2222000022220000////पपपपौौौौषषषष 11116666,,,, 1111999944441111
No. 06] NEW DELHI, MONDAY, JANUARY 6, 2020/ PAUSHA 16, 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)थथथथकककक ककककाााायययय (cid:14)(cid:14) (cid:14)(cid:14)ििििववववभभभभाााागगगग))))
((((बबबबजजजजटटटट (cid:15)(cid:15)(cid:15)(cid:15)भभभभाााागगगग))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:5)द(cid:7)ली, 06 जनवरी, 2020
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)ननननगगगगमम(cid:14)(cid:14)मम(cid:14)(cid:14) )))) ककककेेेे ििििललललएएएए ननननीीीीललललााााममममीीीी
एएएएफफफफ.... सससस(cid:31)(cid:31)ंं(cid:31)(cid:31)ंं ययययाााा 4444((((6666))))----डडडड!!!!"" "" यय यय एएूूएएूू ंंडडंंडडएएएएमममम////2222000011119999....————भारत सरकार एतद (cid:10)ारा नीचे (cid:5)दए गए अनुसार सरकारी (cid:22)टॉक, क(cid:25) िब(cid:28)(cid:25)
((((पपपपननुुननुु (cid:11)(cid:11)(cid:11)(cid:11)ननननगगगगमम(cid:14)(cid:14)मम(cid:14)(cid:14) ))))अिधसूिचत करती ह।ै
(cid:1)ितभूित का नाम मूल िनग(cid:13)म क(cid:14) मूल अविध प(cid:20)रप(cid:22)ता क(cid:14) नीलामी नीलामी अिधसूिचत
तारीख (वष(cid:13)-माह-(cid:17)दन) तारीख का क(cid:14) रािश (करोड़
आधार िविध ` म(cid:23))
6.18% सरकारी (cid:1)ितभूित 2024 04 नव(cid:24)ब र, 2019 05-00-00 04 नव(cid:24)ब र, 2024 मू(cid:26)य िविवध 4,000
7.57% सरकारी (cid:1)ितभूित 2033 20 मई, 2019 14-00-27 17 जून, 2033 मू(cid:26)य िविवध 6,000
7.69% सरकारी (cid:1)ितभूित 2043 30 अ(cid:1)ैल, 2019 24-01-17 17 जून, 2043 मू(cid:26)य िविवध 2,000
7.72% सरकारी (cid:1)ितभूित 2049 15 अ(cid:1)ैल, 2019 30-02-00 15 जून, 2049 मू(cid:26)य िविवध 4,000
126 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
कुल अिधसूिचत रािश के अ!यधीन 16,000 करोड़ %पए क(cid:25) सीमा तक भारत सरकार, उपयु)*त एक या अिधक +ितभूितय- के
प.रपे/ य म0 +1 येक म0 1,000 करोड़ %पए तक के अित.र2 अिभदान का िवक(cid:7)प बनाए रखेगी। यह िब(cid:28)(cid:25) इस अिधसूचना (िजसे
'िविश5 ट अिधसूचना' कहा गया ह)ै म 0 उि(cid:7)लिखत शत6 के अधीन होगी। इस +ितभूित क(cid:25) िब(cid:28)(cid:25) भारतीय .रजव ) ब:क, मुंबई काया)लय,
फोट), मुंबई-400001 के मा!यम स े भारत सरकार (cid:10)ारा जारी सामा<य अिधसूचना एफ.सं>या 4(2)-ड?(cid:7)यू ए(cid:2)ड एम/2018, तारीख
27 माच )2018 म 0िन@दA शत6 के अधीन क(cid:25) जाएगी।
अअअअ(cid:15)(cid:15)(cid:15)(cid:15)िििितततत(cid:22)(cid:22)(cid:22)(cid:22)पपपपधधधध)))) बबबबोोोोललललीीीीददददाााातततताााा++++ ककककोोोो आआआआबबबबटटंंटटंं नननन
2. सरकारी +ितभूितय- क(cid:25) नीलािमय- म 0 अ+ित(cid:22)पधB बोली देने क(cid:25) सुिवधा क(cid:25) संलC (cid:22)क(cid:25)म (अनुबंध) के अनुसार, िब(cid:28)(cid:25) क(cid:25)
अिधसूिचत रािश का 5 +ितशत तक सरकारी (cid:22)टॉक पाD Eय ि2य- और सं(cid:22)थाG को आबं.टत (cid:5)कया जाएगा ।
ननननीीीीललललााााममममीीीी ककककाााा (cid:22)(cid:22)(cid:22)(cid:22)थथथथाााानननन एएएएवववव ंं ंंततततााााररररीीीीखखखख
3. यह नीलामी भारतीय .रजव ) ब:क, मुंबई काया)लय, फोट), मुंबई-400001 (cid:10)ारा 11110000 जजजजननननववववररररीीीी,,,, 2222000022220000 को संचािलत क(cid:25) जाएगी।
नीलामी हते ु बोिलयां भारतीय .रजव) ब:क कोर ब:Iकग सो(cid:7)यूशन (ई-कुबेर) +णाली संबंधी इले*Kॉिनक +पD म 0 11110000 जजजजननननववववररररीीीी,,,, 2222000022220000
को +(cid:22)तुत क(cid:25) जानी चािहए। अ+ित(cid:22)पधB बोिलया ंपूवा)Lन 11.30 बजे से दोपहर 12.00 बजे के बीच और +ित(cid:22)पधB बोिलयां पूवा)Lन
11.30 बजे से म!याLन 12.30 बजे के बीच +(cid:22)तुत क(cid:25) जानी चािहए।
ककककबबबब ििििननननगगगगिि(cid:14)(cid:14)िि(cid:14)(cid:14)ममममतततत ककककााााररररोोोोबबबबाााारररर
4. यह (cid:22)टॉक, भारतीय .रजव) ब:क (cid:10)ारा जारी (cid:5)दशािनदशM - के अनुसार, 'कब िनग)िमत’ कारोबार के िलए पाD होगा।
ििििननननगगगगमम(cid:14)(cid:14)मम(cid:14)(cid:14) कककक(cid:25)(cid:25)(cid:25)(cid:25) ततततााााररररीीीीखखखख औऔऔऔरररर (cid:22)(cid:22)(cid:22)(cid:22)टटटटॉॉॉॉकककक ककककेेेे ििििललललएएएए भभभभुगुगुगुगतततताााानननन
5. नीलामी का प.रणाम भारतीय .रजव) ब:क (cid:10)ारा अपने फोट) ि(cid:22)थत मुंबई काया)लय म0 11110000 जजजजननननववववररररीीीी,,,, 2222000022220000,,,, को +दOशत (cid:5)कया
जाएगा। सफल बोलीदाताG (cid:10)ारा भुगतान 11113333 जजजजननननववववररररीीीी,,,, 2222000022220000 अथा)त ्पपपपननुुननुु (cid:11)(cid:11)(cid:11)(cid:11)ननननगगगगमम(cid:14)(cid:14)मम(cid:14)(cid:14) क(cid:25) तारीख को (cid:5)कया जाएगा। (cid:22)टॉक के िलए भुगतान
म0 नीलामी म0 आबं.टत (cid:22)टॉक के अं(cid:5)कत मू(cid:7)य पर, मूलिनग)म/अंितम कूपन भुगतान क(cid:25) तारीख स े +ोQभूत ?याज दये होने क(cid:25) तारीख
तक +ोQभूत ?याज शािमल होगा जसै ा (cid:5)क पैरा 6 म0 तािलका म0 उि(cid:7)लिखत ह।ै
!!!!ययययााााजजजज ककककाााा भभभभगगुुगगुु तततताााानननन औऔऔऔरररर (cid:22)(cid:22)(cid:22)(cid:22)टटटटॉॉॉॉकककक ककककाााा पपपपननुुननुु भभभभु(cid:14)गु(cid:14)गु(cid:14)गु(cid:14)गतततताााानननन
6. मूल Oनग)म/अंितम कूपन भुगतान क(cid:25) तारीख से (cid:22)टॉक के अं(cid:5)कत मू(cid:7)य पर ?याज +ोQभूत होगा तथा इसका भुगतान अTव) ाOषक
आधार पर (cid:5)कया जाएगा। (cid:22)टॉक का पुनभु)गतान प.रपVता क(cid:25) तारीख पर सममू(cid:7)य पर (cid:5)कया जाएगा।
(cid:7)(cid:7)(cid:7)(cid:7)ििििततततभभभभििूूििूूतततत ककककाााा ननननाााामममम ककककूूूूपपपपनननन ददददरररर अअअअ ििंंििंंततततमममम ककककूूूूपपपपनननन (cid:18)(cid:18)(cid:18)(cid:18)ककककसससस ततततााााररररीीीीखखखख ततततकककक (cid:7)(cid:7)(cid:7)(cid:7)ोोोो(cid:21)(cid:21)(cid:21)(cid:21)भभभभततूूततूू ककककूूूूपपपपनननन भभभभुगुगुगुगतततताााानननन कककक(cid:16)(cid:16)(cid:16)(cid:16) ततततााााररररीीीीखखखख
((((%%%%)))) भभभभगगुुगगुु तततताााानननन (cid:22)(cid:22)(cid:22)(cid:22)ययययााााजजजज ददददेयेयेयेय हहहह ैै ैै ((((ततततााााररररीीीीखखखख////ममममााााहहहह))))
कककक(cid:16)(cid:16)(cid:16)(cid:16) ततततााााररररीीीीखखखख
6.18% सरकारी (cid:1)ितभूित 2024 6.18 नया (cid:30)ट ॉक 12 जनवरी, 2020 04 मई और 04 नव(cid:24)ब र
7.57% सरकारी (cid:1)ितभूित 2033 7.57 17 (cid:17)दस(cid:24)बर, 2019 12 जनवरी, 2020 17 जून और 17 (cid:17)दस(cid:24)बर
7.69% सरकारी (cid:1)ितभूित 2043 7.69 17 (cid:17)दस(cid:24)बर, 2019 12 जनवरी, 2020 17 जून और 17 (cid:17)दस(cid:24)बर
7.72% सरकारी (cid:1)ितभूित 2049 7.72 15 (cid:17)दस(cid:24)बर, 2019 12 जनवरी, 2020 15 जून और 15 (cid:17)दस(cid:24)बर
भारत के राWपित के आदेश से,
रजत कुमार िमX, संयु2 सिचव
अअअअननननबबुुबबुु धधंंधधंं
ससससररररककककााााररररीीीी (cid:15)(cid:15)(cid:15)(cid:15)ििििततततभभभभििूूििूूततततयययय.... कककक(cid:25)(cid:25)(cid:25)(cid:25) ननननीीीीललललााााममममीीीी मममम // //अअअअ(cid:15)(cid:15)(cid:15)(cid:15)िििितततत(cid:22)(cid:22)(cid:22)(cid:22)पपपपधधधध)))) बबबबोोोोललललीीीी ससससििुुििुुववववधधधधाााा (cid:22)(cid:22)(cid:22)(cid:22)कककक(cid:25)(cid:25)(cid:25)(cid:25)मममम
IIII.... ककककाााायययय00(cid:14)(cid:14)00(cid:14)(cid:14) (cid:6)(cid:6)ेे(cid:6)(cid:6)ेे :::: सरकारी +ितभूितय- क(cid:25) Yापक भागीदारी और खुदरा धा.रता को +ो1साहन दने े क(cid:25) दिृA से भारत सरकार क(cid:25) (cid:5)दनां(cid:5)कत
+ितभूितय- क(cid:25) चयिनत नीलािमय- म 0 "अ+ित(cid:22)पधB" आधार पर भागीदारी क(cid:25) अनुमित दने े का +(cid:22)ताव (cid:5)कया गया ह।ै तQनुसार,¹भाग Iµख(cid:2) ड 1º भारत का राजपD : असाधारण 3
(cid:5)दनां(cid:5)कत +ितभूितय- क(cid:25) नीलािमय- म 0 अिधसूिचत रािश के 5 +ितशत तक क(cid:25) अ+ित(cid:22)पधB बोिलयां (cid:22)वीकार क(cid:25) जाएंगी। +ारि\त
रािश अिधसूिचत रािश के अअअअ2222ततततगगगगतत(cid:14)(cid:14)तत(cid:14)(cid:14) होगी।
IIIIIIII.... पपपपाााा(cid:6)(cid:6)(cid:6)(cid:6)तततताााा :::: भारत सरकार क(cid:25) (cid:5)दनां(cid:5)कत +ितभूितय- क(cid:25) नीलािमय- म 0 अ+ित(cid:22)पधB आधार पर ऐसे िनवेशक- के िलए भागीदारी
खुली होगी जो िन]िलिखत शत6 को पूरा करते ह::
1. जो भारतीय .रजव) ब:क के पास चालू खाता (सीए) अथवा सहायक सामा<य बही (एसजीएल) खाता नह^ रखते ह:;
अअअअपपपपववववाााादददद:::: \ेDीय _ामीण ब:क- (आरआरबी) और सहकारी ब:क- को उनके सांिविधक दािय1व- के दिृAगत इस (cid:22)क(cid:25)म के अधीन शािमल
(cid:5)कया जाएगा।
2. जो +ित नीलामी दो करोड़ %पए (अं(cid:5)कत मू(cid:7)य) से अनिधक रािश के िलए एक ही बोली लगाते ह:;
3. जो यह (cid:22)क(cid:25)म +दान करने वाले (cid:5)कसी एक ब:क अथवा +ाथिमक डीलर के मा!यम से अपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प से +(cid:22)तुत करते
ह।:
अअअअपपपपववववाााादददद:::: ऐसे \ेDीय _ामीण ब:क (आरआरबी) तथा सहकारी ब:क जो भारतीय .रजव) ब:क म 0एस.जी.एल.खाता और चालू खाता रखते
ह,: अपनी अ+ित(cid:22)पधB बोिलय- को +1य\ ‘प स े+(cid:22)तुत करने के िलए पाD ह-गे।
IIIIIIIIIIII.... 3333ाााापपपपककककतततताााा:::: उपयु)2 शत6 के अधीन "अ+ित(cid:22)पधB" आधार पर फम6, कंपिनय-, िनगिमत िनकाय-, सं(cid:22)थाG, भिव5य िनिधय-,
<यास- और भारतीय .रजव) ब:क (cid:10)ारा यथा-िनधा).रत (cid:5)कसी अ<य कंपनी सिहत (cid:5)कसी भी Yि2 के िलए भागीदारी खुली ह।ै बोली दने े
क(cid:25) <यूनतम रािश 10,000 %पए (अं(cid:5)कत मू(cid:7)य) और उसके बाद 10,000 %पए के गुणज- म 0होगी जैसा अब तक (cid:5)दनां(cid:5)कत (cid:22)टॉक के
िलए ह।ै
IIIIVVVV.... अअअअ2222यययय (cid:15)(cid:15)(cid:15)(cid:15)चचचचााााललललननननाााा5555ममममकककक $$$$ददददशशशशााााििििननननददददशश77शश77 ::::
1111.... खुदरा िनवेशक के िलए उस ब:क अथवा +ाथिमक डीलर, िजनके मा!यम से वे भाग लेना चाहते ह,: के पास एक संघटक
सहायक सामा<य बही (सीएसजीएल) खाता रखना अिनवाय ) होगा। कोई भी िनवेशक इस (cid:22)क(cid:25)म के अधीन (cid:5)दनां(cid:5)कत
+ितभूित क(cid:25) (cid:5)कसी नीलामी म 0 केवल एक बोली म 0भाग ले सकता ह।ै इस आशय का वचन (cid:5)क िनवेशक केवल एक बोली
द ेरहा है, ब:क अथवा +ाथिमक डीलर (cid:10)ारा +ाa (cid:5)कया जाना और .रकाड) म 0रखा जाना होगा।
2. अपने _ाहक- से +ाa पbे आड)र के आधार पर +1येक ब:क अथवा +ाथिमक डीलर भारतीय .रजव) ब:क कोर ब:Iकग
सो(cid:7)यूशन (ई-कुबेर) +णाली संबंधी इले*Kॉिनक +पD म 0अपने _ाहक- क(cid:25) ओर स ेएक एकल समे(cid:5)कत अ+ित(cid:22)पधB बोली
+(cid:22)तुत करेगा। असाधारण प.रि(cid:22)थितय-, जैसे भारतीय .रजव ) ब:क कोर ब:Iकग सो(cid:7)यूशन (ई-कुबेर) +णाली म 0 सामा<य
गड़बड़ी को छोड़कर, भौितक ‘प म 0अ+ित(cid:22)पधB बोली (cid:22)वीकार नह^ क(cid:25) जाएगी।
3. ब:क अथवा +ाथिमक डीलर को अ+ित(cid:22)पधB खंड के अधीन आबंटन +ितलाभ/क(cid:25)मत क(cid:25) उस भारांिशत औसत दर पर
होगा, जो +ित(cid:22)पधB बोली दने े के आधार पर नीलामी म 0 सामन े आएगी। इस बात पर !यान (cid:5)दए िबना (cid:5)क ब:क अथवा
+ाथिमक डीलर ने अपने _ाहक- से भुगतान +ाa कर िलया है या नह^, िनग)म क(cid:25) तारीख को भुगतान +ाa करके ब:क या
+ाथिमक डीलर को +ितभूितया ंजारी क(cid:25) जाएंगी।
4. ऐसे मामले म,0 जहां बोली क(cid:25) रािश +ारि\त रािश (अिधसूिचत रािश के 5 +ितशत) से अिधक ह ै यथानुपात आबंटन
(cid:5)कया जाएगा। आंिशक आबंटन- के मामले म,0 यह ब:क अथवा +ाथिमक डीलर- का दािय1व होगा (cid:5)क वह अपन े _ाहक-
को +ितभूितय- का उिचत आबंटन एक पारदशB तरीके से कर0।
5. ऐसे मामले म 0जहां बोली रािश +ारि\त रािश से कम हो, कमी को +ित(cid:22)पधB भाग म 0शािमल (cid:5)कया जाएगा।
6. +ितभूित को भारतीय .रजव) ब:क (cid:10)ारा केवल एसजीएल ‘प म 0जारी (cid:5)कया जाएगा। भारतीय .रजव )ब:क इसे या तो ब:क
अथवा +ाथिमक डीलर के मु>य एसजीएल खाते अथवा सीएसजीएल खात े म 0 जमा करेगा, जैसा(cid:5)क उनके (cid:10)ारा िनदशM
(cid:5)दया गया ह।ै मु>य एसजीएल खाते म 0जमा करने क(cid:25) सुिवधा एकमाD उन िनवेशक- क(cid:25) सेवा के +योजनाथ )ह ैजो उनके
घटक नह^ ह:। अतः ब:क अथवा +ाथिमक डीलर- को अ+ित(cid:22)पधB बोिलय- क(cid:25) िनिवदा दते े समय उनके एसजीएल खात े
और सीएसजीएल खात े म 0 जमा होन े वाली रािशय- (अं(cid:9)कत मू(cid:14)य) को (cid:22)प5ट ‘प से दशा)ना होगा। बाद म 0 िनवेशक के
अनुरोध पर मु>य एसजीएल खात ेसे वा(cid:22)तिवक ‘प म 0क(cid:25) गई सुपुदग) ी (cid:22)वीकाय )ह।ै
7. यह ब:क अथवा +ाथिमक डीलर का दािय1व ह ै (cid:5)क वह _ाहक को +ितभूितया ं ह(cid:22)तांत.रत करे। असाधारण प.रि(cid:22)थितय-
को छोड़कर, _ाहक- को +ितभूितय- का अंतरण िनग)म क(cid:25) ितिथ से पांच काय) (cid:5)दवस- के भीतर पूरा (cid:5)कया जाएगा।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
8. ब:क अथवा +ाथिमक डीलर अपने _ाहक- को यह सेवा दने े के िलए छह पैसे +ित सौ %पए तक दलाली/कमीशन/सेवा
+भार के ‘प म 0वसूल कर सकते ह।: ऐसी क(cid:25)मत िब(cid:28)(cid:25) मू(cid:7)य म 0शािमल क(cid:25) जा सकती है या _ाहक- से अलग से वसूल क(cid:25)
जा सकती ह।ै ऐस े मामले म 0 जहां +ितभूितय- का अंतरण +ितभूित क(cid:25) िनग)म ितिथ के बाद +भावी होता हो, ब:क या
+ाथिमक डीलर को _ाहक (cid:10)ारा दये +ितफल रािश म 0िनग)म ितिथ स ेउपिचत ?याज शािमल होगा।
9. +ितभूितय- क(cid:25) लागत, उपिचत ?याज जहां भी लागू हो, तथा दलाली/कमीशन/सेवा +भार- के िलए _ाहक- से भुगतान
+ाa करने क(cid:25) काय)-+णाली, ब:क या +ाथिमक डीलर (cid:10)ारा _ाहक के साथ क(cid:25) गई सहमित के अनुसार तैयार क(cid:25) जाएगी।
यह उ(cid:7)लेखनीय है (cid:5)क (cid:5)कसी अ<य लागत, जैसे िनिधकरण लागत को मू(cid:7)य म 0 शािमल नह^ (cid:5)कया जाना चािहए या
_ाहक- से वसूल नह^ (cid:5)कया जाना चािहए।
VVVV.... ब:क- और +ाथिमक डीलर- को भारतीय .रजव )ब:क (ब:क) (cid:10)ारा समय-समय पर मांगी गई योजना के तहत संचालन- से संबंिधत
सूचना िनधा).रत समय सीमा के अतं ग)त ब:क को +(cid:22)तुत करनी होगी।
VVVVIIII.... ऊपर उि(cid:7)लिखत (cid:5)दशािनदशM ब:क (cid:10)ारा समी\ा के अधीन ह ै और तQनुसार, जब भी आवcयकता होगी, योजना को संशोिधत
(cid:5)कया जाएगा।
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 06th January, 2020
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 Tenure Date of Auction Auction Notified Amount
Security Original Issue Maturity Basis Method
(yy-mm-dd) (in ` Crore)
6.18% GS 2024 Nov. 04, 2019 05-00-00 Nov. 04, 2024 Price Multiple 4,000
7.57% GS 2033 May 20, 2019 14-00-27 Jun. 17, 2033 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 ` 16,000 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).
Place and date of auction
3. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai - 400 001 on
January 10, 2020. Bids for the auction should be submitted in electronic format on the Reserve Bank of
India Core Banking Solution (E-Kuber) system on January 10, 2020. The non-competitive bids should be¹भाग Iµख(cid:2) ड 1º भारत का राजपD : असाधारण 5
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
January 10, 2020. The payment by successful bidders will be on January 13, 2020 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 Coupon Date of Last Date upto which Date of Coupon
Security rate (%) Coupon payment accrued interest is due payments (month/date)
6.18% GS 2024 6.18 New Stock January 12, 2020 May 04 and Nov. 04
7.57% GS 2033 7.57 Dec.17, 2019 January 12, 2020 Jun. 17 and Dec. 17
7.69% GS 2043 7.69 Dec.17, 2019 January 12, 2020 Jun. 17 and Dec. 17
7.72% GS 2049 7.72 Dec.15, 2019 January 12, 2020 Jun. 15 and Dec. 15
By Order of the President of India,
RAJAT KUMAR MISHRA, 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 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.