Home India Ministry of Finance Government of India hereby notifies the issue of i 6 50 per ...
Date: 2020-01-01 Category: Extra Ordinary State: Union Government Country: India

Government of India hereby notifies the issue of i 6 50 per cent

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

Executive Summary: This notification announces the issuance of six new series of Non-transferable Special Government of India (GoI) Securities maturing between 2030 and 2035. These securities are available for subscription only by specific Public Sector Banks listed in the annexure. The date of issue will be the date of receipt of the subscription amount from eligible banks, beginning January 03, 2020. Key Points / Main Content: Issuance of Special GoI Securities: * Six series of Non-transferable Special GoI Securities are being issued. * Maturity dates range from January 03, 2030, to January 03, 2035. * Interest rates vary from 6.50% to 6.65% depending on the security. Eligibility and Subscription: * Only Public Sector Banks listed in the annexure are eligible to subscribe. * Subscription is limited to the amount specified against each bank's name in the annexure. * Securities will be issued at par based on application amount. Form, Interest, and Repayment: * Securities will be issued in "Stock" form, held in Subsidiary General Ledger Accounts with the Reserve Bank of India, Mumbai. * Interest is payable semi-annually from the date of issue at the Public Debt Office of the Reserve Bank of India, Mumbai. * Securities are repayable at par on their respective maturity dates. Transferability and Other Provisions: * Securities are non-transferable. * Conversion to other forms of security is not permitted. * The Government Securities Act, 2006, and Government Securities Rules, 2007 apply to matters not covered in the notification. Tax and Investment Status: * Tax laws applicable from time to time govern the value and interest. * Investment in these securities is not considered eligible for meeting statutory investment requirements. * The special securities can be held under the HTM portfolio without any limit. Impact Analysis: Public Sector Banks: * Impact: Eligible to invest in the new special government securities up to specified limits. * Action Required: Review the notification and annexure to determine the allocation of securities and submit applications for subscription accordingly.

Key Entities Referenced

Ministry of Finance: The ministry responsible for the notification. Department of Economic Affairs: A department under the Ministry of Finance. Budget Division: A division within the Department of Economic Affairs. New Delhi: The city where the notification was issued. Public Sector Banks: The only entities eligible to subscribe to the special securities. Special Gol Security: Nontransferable Special Government of India Security. Reserve Bank of India, Mumbai: The central bank where Subsidiary General Ledger Accounts are maintained and interest payments are made. Government Securities Act, 2006: The governing act for the special securities.
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(cid:14)ाि@ क? तारीख़ होगी । 3333.... (cid:22)(cid:22)(cid:22)(cid:22)ििििततततभभभभििूूििूू तततत ककककाााा (cid:27)(cid:27)(cid:27)(cid:27)वव वव ----पपपप :- इन िवशेष (cid:14)ितभूितय4 को लोक ऋण काया,लय, भारतीय Cरजव, ब2क, मुंबई म ’ बनाए रख े िनवेशकता , ब2क4 के सिD सिडयरी जनरल अकाउंट म ’Eेिडट करके ''(cid:21)ट ॉक'' के %प म’ जारी (cid:4)कया जाएगा। 4444.... %%%%यय यय ााााजजजज एएएएवववव ंं ंंववववाााापपपपससससीीीी :- िवशेष (cid:14)ितभूितय4 क? वापसी अदायगी (cid:14)Iय ेक (cid:14)ितभूित के संबंध म ’ इंिगत क? गई पCरप8व ता क? तारीख़ को समम(cid:6)ू य पर होगी। िवशेष (cid:14)ितभूितय4 पर D याज अध,वाJषक अंतराल पर देय होगा जो (cid:14)ितभूित जारी करन े क? तारीख स े पCरकिलत होगा। (cid:14)ितभूित पर D याज मुंबई ि(cid:21)थत भारतीय Cरजव, ब2क के लोक ऋण काया,लय म’ देय होगा। इन (cid:14)ितभूितय4 पर िनK निलिखत %प से D याज दर देय होगी : (cid:18)(cid:18)(cid:18)(cid:18)मममम पपपप(cid:28)(cid:28)(cid:28)(cid:28)ररररपपपप(cid:29)(cid:29)(cid:29)(cid:29)वव वव तततताााा (cid:5)(cid:5)(cid:5)(cid:5)ििििततततभभभभििूूििूूतततत (cid:26)(cid:26)(cid:26)(cid:26)यय य य ााााजजजज ददददरररर सससस(cid:22)(cid:22)ंं(cid:22)(cid:22)ंं यय यय ाााा कककक(cid:31)(cid:31)(cid:31)(cid:31) ततततााााररररीीीीख़ख़ख़ख़ 1111 6.50 (अह(cid:4) तांतरणीय) िवशेष भारत सरकार (cid:22)ितभूित, 2030 6.50 (cid:22)ितशत 03 जनवरी, 2030 2222 6.55 (अह(cid:4) तांतरणीय) िवशेष भारत सरकार (cid:22)ितभूित, 2031 6.55 (cid:22)ितशत 03 जनवरी, 2031 3333 6.55 (अह(cid:4) तांतरणीय) िवशेष भारत सरकार (cid:22)ितभूित, 2032 6.55 (cid:22)ितशत 03 जनवरी, 2032 4444 6.60 (अह(cid:4) तांतरणीय) िवशेष भारत सरकार (cid:22)ितभूित, 2033 6.60 (cid:22)ितशत 03 जनवरी, 2033 5555 6.60 (अह(cid:4) तांतरणीय) िवशेष भारत सरकार (cid:22)ितभूित, 2034 6.60 (cid:22)ितशत 03 जनवरी, 2034 6666 6.65 (अह(cid:4) तांतरणीय) िवशेष भारत सरकार (cid:22)ितभूित, 2035 6.65 (cid:22)ितशत 03 जनवरी, 2035 D याज का भुगतान िनकटतम पणू , Lपय े म’ पCरकलन (राउंड ऑफ) करके (cid:4)कया जाएगा। इस (cid:14)योजन के िलए, पचास पैसे से कम रािश को नजरअंदाज (cid:4)कया जाएगा और पचास और उससे अिधक पैसे को अगले Lपये म’ पCरकिलत (राउंड ऑफ) (cid:4)कया जाएगा। 5. हहहह(cid:27)(cid:27)(cid:27)(cid:27)तत तत ााााततंंततंं ररररणणणणीीीीययययतततताााा एएएएवववव ंं ंंपपपप....ररररववववततततननन(cid:16)(cid:16)न(cid:16)(cid:16) :- िवशेष (cid:14)ितभूित ह(cid:21)त ांतरणीय नह< होगी तथा इन (cid:14)ितभूितय4 को (cid:4)कसी भी अ9य (cid:21)व %प म ’ पCरवत,न करने क? अनुमित भी नह< होगी।[भाग I—ख(cid:25) ड 1] भारत का राजप(cid:29) : असाधारण 3 6. ससससााााििंंििंं ववववििििधधधधकककक (cid:22)(cid:22)(cid:22)(cid:22)ााााववववधधधधाााानननन::::---- जहां तक (cid:4)कसी ऐस े िवषय का संबंध ह,ै िजसका इस अिधसचू ना के तहत (cid:14)ावधान नह< (cid:4)कया गया ह,ै िवशेष (cid:14)ितभूित लोक ऋण अिधिनयम, 2006 तथा उसके तहत बनाई गई लोक ऋण िनयमावली, 2007 (cid:9)ारा अिभशािसत क? जाएगी। 7. ककककरररर ककककााााननननननूूननूू 0000 ककककाााा ललललाााागगगग ूू ूूहहहहोोोोननननाााा ::::---- िवशेष (cid:14)ितभूित म ’ िनवेिशत रािश तथा उस पर देय Dय ाज को समय समय पर यथा (cid:14)योTय कर काननू 4 के (cid:14)ावधान4 (cid:9)ारा अिभशािसत (cid:4)कया जाएगा। 8. ििििववववशशशशषषेेषषेे (cid:22)(cid:22)(cid:22)(cid:22)ििििततततभभभभििूूििूू तततत मममम 11 11ििििननननववववशशेेशशेे कककक,,,, पपपपाााा(cid:8)(cid:8)(cid:8)(cid:8)तततताााा ::::---- जहां तक (cid:4)कसी सांिविधक (cid:14)ावधान4 अथवा िनदेश4 के अनुसरण म ’ िनवेशकता , ब2क4 (cid:9)ारा सरकारी (cid:14)ितभूितय4 म ’ िनवेश करने क? अप#े ा ह,ै इस संबंध म’ िनवेशकता , ब2क4 (cid:9)ारा इन िवशेष (cid:14)ितभूितय4 म ’ (cid:4)कए गए िनवेश को एक पा0 िनवेश के %प म ’ नह< माना जाएगा। 9. एएएएचचचचटटटटीीीीएएएएमममम (cid:22)(cid:22)(cid:22)(cid:22)िििि(cid:27)(cid:27)(cid:27)(cid:27)थथथथिििितततत ::::---- ब2क4 (cid:9)ारा िनवेश पोट,फोिलयो के वगUकरण, मू(cid:6)य न तथा पCरचालन संबंधी िववेकपूण, मापदड़4 के संबंध म ’ भारतीय Cरजव, ब2क के (cid:4)दनांक 01 जुलाई, 2015 के पCरप0 डीबीआर संXय ा बीपी. बीसी.6/21.04.141/2015-16 के अनुसरण म,’ िवशेष (cid:14)ितभूितया ं िबना (cid:4)कसी भी सीमा के एचटीएम पोट,फोिलयो के तहत धाCरत क? जा सकती ह।2 अअअअननननबबुुबबुु धधंंधधंं [[[[ससससददंंददंं भभभभ (cid:16)(cid:16) (cid:16)(cid:16)फफफफाााा....सससस..ंं..ंं4444((((11116666))))----डडडड%%%%लल लल यययय ूूूूएएएएवववव ंं ंंएएएएमममम////2222000011119999 5555ददददननननााााककंंककंं 00001111 जजजजननननववववररररीीीी,,,, 2222000022220000]]]] सरकारी #े0 के पा0 ब2क4 क? सूची तथा (i) 6.50 (cid:14)ितशत (अह(cid:21)त ांतरणीय) िवशेष भारत सरकार (cid:14)ितभूित, 2030; (ii) 6.55 (cid:14)ितशत (अह(cid:21) तातं रणीय) िवशेष भारत सरकार (cid:14)ितभिू त, 2031; (iii) 6.55 (cid:14)ितशत (अह(cid:21)त ातं रणीय) िवशेष भारत सरकार (cid:14)ितभूित, 2032; (iv) 6.60 (cid:14)ितशत (अह(cid:21)त ांतरणीय) िवशेष भारत सरकार (cid:14)ितभूित, 2033; (v) 6.60 (cid:14)ितशत (अह(cid:21) तांतरणीय) िवशेष भारत सरकार (cid:14)ितभूित, 2034; तथा (vi) 6.65 (cid:14)ितशत (अह(cid:21)त ातं रणीय) िवशेष भारत सरकार (cid:14)ितभूित, 2035, (cid:14)ितभूितय4 का आवंटन। पपपप(cid:28)(cid:28)(cid:28)(cid:28)ररररपपपप(cid:29)(cid:29)(cid:29)(cid:29)वव वव हहहहोोोोनननन ेे ेेववववााााललललाााा ववववषषषष **** ((((ककककररररोोोोड़ड़ड़ड़ ++++पपपपयययय))ेे))ेे (cid:18)(cid:18)(cid:18)(cid:18)मममम सससस(cid:22)(cid:22)ंं(cid:22)(cid:22)ंं यय यय ाााा पपपपाााा!!!! बबबब#क#क#क#क$$$$ ककककाााा ननननाााामममम 2222000033330000 2222000033331111 2222000033332222 2222000033333333 2222000033334444 2222000033335555 आआआआवववव(cid:28)(cid:28)ंं(cid:28)(cid:28)ंंटटटटतततत ररररााााििििशशशश 1. इलाहाबाद ब$क 359 359 359 359 359 358 2,153 2. आं&ा ब$क 35 33 33 33 33 33 200 3. इंिडयन ओवरसीज ब$क 730 726 726 726 726 726 4,360 4. यूको ब$क 357 357 357 357 357 357 2,142 ककककुुुुलललल 1111,,,,444488881111 1111,,,,444477775555 1111,,,,444477775555 1111,,,,444477775555 1111,,,,444477775555 1111,,,,444477774444 8888,,,,888855555555 भारत के राYZ पित के आदेशानसु ार, रजत कुमार िम[, संयु8त सिचव4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] MINISTRY OF FINANCE (Department of Economic Affairs) (Budget Division) NOTIFICATION New Delhi, the 1st January, 2020 Issue of (i) 6.50 per cent (Non-transferable) Special Gol Security, 2030; (ii) 6.55 per cent (Non-transferable) Special Gol Security 2031; (iii) 6.55 per cent (Non-transferable) Special Gol Security 2032; (iv) 6.60 per cent (Non-transferable) Special Gol Security 2033; (v) 6.60 per cent (Non-transferable) Special Gol Security 2034; and (vi) 6.65 per cent (Non- transferable) Special GoI Security 2035. F. No.4(16)-W&M/2019.—Government of India hereby notifies the issue of (i) 6.50 per cent (Non-transferable) Special Gol Security, 2030; (ii) 6.55 per cent (Non- transferable) Special Gol Security 2031; (iii) 6.55 per cent (Non-transferable) Special Gol Security 2032; (iv) 6.60 per cent (Non-transferable) Special Gol Security 2033; (v) 6.60 per cent (Non- transferable) Special Gol Security 2034; and (vi) 6.65 per cent (Non- transferable) Special GoI Security 2035, (hereinafter briefly described as the “Special securities”) on January 03, 2020. 1. Eligibility for Subscription and Limit of Subscription: (i) The Public Sector Banks as referred to in the Annexure hereto shall only be eligible to subscribe to the special securities and their subscription to the securities shall be limited to the extent of the amount, as shown against their respective names in the Annexure. (ii) No other person, including any bank, company, corporation or any other body except the Public Sector Banks as referred to in aforesaid Annexure shall be eligible to subscribe to the special securities. 2. Price and Date of Issue: (i) The special securities will be issued at par for the amount as per the application made by the eligible banks. (ii) The date of issue of the special securities will be the date of receipt of subscription amount from the eligible banks. 3. Form of Security: The special securities will be issued in the form of "Stock" to be held at credit of the investing bank's Subsidiary General Ledger Account maintained with Public Debt Office, Reserve Bank of India, Mumbai. 4. Interest and Repayment: The special securities shall be repayable at par on the date of maturity as indicated against each security. Interest on the special securities will be payable at half yearly intervals, reckoned from the date of issue of the securities. Interest on the securities will be payable at Public Debt Office of Reserve Bank of India at Mumbai.[भाग I—ख(cid:25) ड 1] भारत का राजप(cid:29) : असाधारण 5 The following rate of interest will be payable on these securities: S. No. Nomenclature of the Securities Rate of Date of maturity Interest 1. 6.50 (Non-Transferrable) Special Gol Security 2030 6.50 per cent January 03, 2030 2. 6.55 (Non-Transferrable) Special Gol Security 2031 6.55 per cent January 03, 2031 3. 6.55 (Non-Transferrable) Special GoI Security 2032 6.55 per cent January 03, 2032 4. 6.60 (Non-Transferrable) Special GoI Security 2033 6.60 per cent January 03, 2033 5. 6.60 (Non-Transferrable) Special Gol Security 2034 6.60 per cent January 03, 2034 6. 6.65 (Non-Transferrable) Special Gol Security 2035 6.65 per cent January 03, 2035 Interest will be paid after rounding off to the nearest whole rupee. For this purpose, amount of interest less than fifty paise will be ignored and fifty paise and more will be rounded off to the next rupee. 5. Transferability and Conversion: The special securities shall not be transferable and conversion in any other form of security shall not be permitted. 6. Statutory Provisions: With respect to any such matter which has not been provided under this Notification, the special securities shall be governed by the Government Securities Act, 2006 and the Government Securities Rules, 2007 framed thereunder. 7. Applicability of Tax Laws: The value of the investment in the special security and the interest payable thereon will be governed by the provisions of tax laws as applicable from time to time. 8. Eligibility of Investment in Special Securities: The investment in the special securities by the investing banks would not be considered as an eligible investment which they are required to make in Government securities in pursuance of any statutory provisions or directions applicable to the investing banks. 9. HTM Status: As per RBI Circular DBR No BP.BC.6 /21.04.141/2015-16 July 1, 2015 on Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks, the special securities can be held under HTM portfolio without any limit. Annexure [Ref. F. No.4(16)-W&M/2019 dated January 01, 2020] List of Public Sector Banks and Allocation of Securities (i) 6.50 per cent (Non- transferable) Special Gol Security, 2030; (ii) 6.55 per cent (Non-transferable) Special Gol Security 2031; (iii) 6.55 per cent (Non-transferable) Special Gol Security 2032; (iv) 6.60 per cent (Non-transferable) Special Gol Security 2033; (v) 6.60 per cent (Non- transferable) Special Gol Security 2034; and (vi) 6.65 per cent (Non-transferable) Special GoI Security 2035.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] Maturing in Year (` crore) S. Name of the Bank 2030 2031 2032 2033 2034 2035 Amount No. Allocated 1 Allahabad Bank 359 359 359 359 359 358 2,153 2 Andhra Bank 35 33 33 33 33 33 200 3 Indian Overseas Bank 730 726 726 726 726 726 4,360 4 UCO Bank 357 357 357 357 357 357 2,142 Total 1,481 1,475 1,475 1,475 1,475 1,474 8,855 By Order of the President of India, RAJAT KUMAR MISHRA, Jt. Secy. 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.

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