Executive Summary:
This notification announces the issuance of six series of Non-transferable Special Government of India (GoI) Securities with varying interest rates and maturity dates, starting from 2028 and ending in 2033. Syndicate Bank Public Sector Bank is eligible to subscribe to these securities, with the issue date being the date of receipt of subscription. The notification outlines the terms, conditions, and eligibility criteria for these securities, effective October 17, 2018.
Key Points / Main Content:
Eligibility and Subscription:
* Only Syndicate Bank Public Sector Bank, as referred to in the Annexure, can subscribe to these special securities.
* Subscription is limited to the amount shown in the Annexure.
Issuance Details:
* The special securities are issued at par based on the eligible bank's application.
* The issue date is the date the subscription is received from the eligible bank.
* Securities will be in "Stock" form, held in the investing bank's Subsidiary General Ledger Account with the Reserve Bank of India, Mumbai.
Interest and Repayment:
* Securities are repayable at par on their respective maturity dates.
* Interest is payable semi-annually from the date of issue.
* Interest rates vary by security, ranging from 7.74% (2028) to 8.11% (2033), payable at the Public Debt Office of Reserve Bank of India, Mumbai.
Transferability and Legal Aspects:
* The special securities are non-transferable and not convertible into other forms of security.
* The Government Securities Act, 2006, and Government Securities Rules, 2007, apply to matters not covered in this notification.
Taxation and Investment Eligibility:
* Tax laws, as applicable, govern the investment value and interest payable.
* Investment in these securities is not considered an eligible investment for statutory provisions or directions.
HTM Status:
* As per RBI guidelines, these securities can be held under the HTM (Held to Maturity) portfolio without limit.
Impact Analysis:
Syndicate Bank Public Sector Bank:
* Impact: Eligible to invest in the newly issued Non-transferable Special GoI Securities with specific interest rates and maturity dates as per the allocation in the annexure.
* Action Required: Submit applications for the desired securities, adhering to the subscription limits specified in the annexure.
Reserve Bank of India (RBI):
* Impact: Manages the securities through Public Debt Office, ensuring interest payments and repayment at maturity.
* Action Required: Facilitate the issuance and management of these securities as per established procedures.
Government of India:
* Impact: Issuing the securities to manage financial resources and meet specific investment needs.
* Action Required: Monitor the issuance and performance of these securities to ensure alignment with budgetary goals.
Key Entities Referenced
Syndicate Bank: A Public Sector Bank eligible to subscribe to the special securities as per the notification.
Ministry of Finance: The ministry issuing the notification regarding the special Government of India securities.
Department of Economic Affairs: A department under the Ministry of Finance, responsible for economic affairs.
Reserve Bank of India: The central bank of India, where the Subsidiary General Ledger Account is maintained.
Mumbai, Maharashtra: City where the Public Debt Office of Reserve Bank of India is located.
Government Securities Act, 2006: The act governing the special security when not provided under the notification.
Government Securities Rules, 2007: Rules framed under the Government Securities Act, 2006, also governing the special security.
Arvind Shrivastava: Jt. Secy., signatory of the notification.
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EXTRAORDINARY
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I—
PART I—Section 1
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PUBLISHED BY AUTHORITY
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No. 339] NEW DELHI, THURSDAY, OCTOBER 18, 2018/ASVINA 26, 1940
िवत्त मंतर्ालय
(आिथक काय र् िवभाग)
(बजट पर्भाग)
अिधसचू ना
नई िदल् ली, 17 अक्त ूबर, 2018
(i) 7.74 पर्ितशत (अहस् तांतरणीय) िवशषे भारत सरकार पर्ितभूित, 2028;(ii) 7.81 पर्ितशत (अहस्त ातं रणीय) िवशेष भारत
सरकार पर्ितभूित, 2029; (iii) 7.88 पर्ितशत (अहस्त ातं रणीय) िवशेष भारत सरकार पर्ितभूित, 2030; (iv) 7.95 पर्ितशत
(अहस्त ातं रणीय) िवशेष भारत सरकार पर्ितभूित, 2031; (v) 8.03 पर्ितशत (अहस् तांतरणीय) िवशषे भारत सरकार पर्ितभूित,
2032; तथा (vi) 8.11पर्ितशत (अहस्त ातं रणीय) िवशेष भारत सरकार पर्ितभूित, 2033 का िनगर्म।
फा.स.ं4(16)-डब्ल्य ू एंड एम/2018.—भारत सरकार, िदनांक 17 अक्तूबर, 2018 को(i)7.74 पर्ितशत
(अहस्त ांतरणीय) िवशेष भारत सरकार पर्ितभूित, 2028;(ii)7.81 पर्ितशत (अहस् तांतरणीय) िवशेष भारत सरकार पर्ितभूित,
2029;(iii)7.88 पर्ितशत (अहस् तांतरणीय) िवशेष भारत सरकार पर्ितभूित, 2030;(iv) 7.95 पर्ितशत (अहस् तांतरणीय)
िवशेष भारत सरकार पर्ितभूित, 2031;(v) 8.03 पर्ितशत (अहस्त ांतरणीय) िवशेष भारत सरकार पर्ितभूित, 2032; तथा (vi)
8.11 पर्ितशत (अहस् तांतरणीय) िवशेष भारत सरकार पर्ितभूित, 2033 (इसके पश्च ात् संिक्षप्त रूप से ‘िवशेष पर्ितभूित’ के
रूप म(cid:7286) उिल्लिखत ह)ै के िनगर्म को एतद(cid:7367)् ारा अिधसूिचत करती ह।ै
1. अिभदान के िलए पातर्ता और अिभदान की सीमा :-
(i)इसके अनुबधं म(cid:7286) उिल्लिखत केवल िसिडकेट ब(cid:7289)क (सरकारी क्षेतर् का ब(cid:7289)क) इन िवशेष पर्ितभूितय(cid:7298) म(cid:7286) अिभदान करने के िलए
पातर् होगा तथा पर्ितभूितय(cid:7298) म(cid:7286) उसका अिभदान अनुबंध म(cid:7286) उसके नाम के सामने दशार्ई गई रािश तक सीिमत रहगे ा।
6126 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
(ii) उपयुर्क् त अनुबंध म(cid:7286) उिल्लिखत िसिडकेट ब(cid:7289)क (सरकारी क्षेतर् का ब(cid:7289)क)के अलावा, िकसी अन् य ब(cid:7289)क, कंपन ी,कॉरपोरेशन अथवा
िकसी अन् य िनकाय सिहत कोई अन् य व् यिक्त इन िवशेष पर्ितभूितय(cid:7298) म(cid:7286) अिभदान करने के िलए पातर् नह(cid:7277) होगा।
2. िनगमर् मल्ू य एव ंतारीख:-
(i)िवशेष पर्ितभूितयां पातर् ब(cid:7289)क (cid:7367)ारा िकए गए आवेदन म(cid:7286) इंिगत िकए गए अनुसार, सममूल् य रािश पर जारी की जाएंगी।
(ii) िवशेष पर्ितभूितय(cid:7298) को जारी करने की तारीख पातर् ब(cid:7289)क से अिभदान रािश की पर्ाि(cid:7385) की तारीख़ होगी ।
3.पर्ितभूित का स् वरूप :-
इन िवशेष पर्ितभूितय(cid:7298) को लोक ऋण कायार्लय, भारतीय िरजवर् ब(cid:7289)क, मुंबई म(cid:7286) अनुरिक्षत िनवेशकतार् ब(cid:7289)क के अनुषंगी आम
बही खाते के नामे करके ''स्ट ॉक'' के रूप म(cid:7286) जारी िकया जाएगा।
4.ब्य ाज एव ं चकु ौती :-
िवशेष पर्ितभूितयां सममूल् य पर पर्त्य ेक पर्ितभूित के संबंध म(cid:7286) इंिगत की गई पिरपक् वता की तारीख़ को पर्ितदये ह(cid:7298)गी। िवशेष
पर्ितभूितय(cid:7298) पर ब्य ाज अधर्वािषक अंतराल पर दये होगा,जो पर्ितभूित जारी करने की तारीख से पिरकिलत होगा। पर्ितभूित
पर ब् याज मुंबई िस्थत भारतीय िरजवर् ब(cid:7289)क के लोक ऋण कायार्लय म(cid:7286) दये होगा।
इन पर्ितभूितय(cid:7298) पर िनम् निलिखत ब् याज दर दये होगी :
कर्म पिरपक् वता
पर्ितभूित ब् याज दर
संख् या की तारीख़
1 7.74 (अहस्त ांतरणीय) िवशेष भारत सरकार पर्ितभूित,2028 7.74 पर्ितशत 22 अक्तूबर, 2028
2 7.81 (अहस्त ांतरणीय) िवशेष भारत सरकार पर्ितभूित, 2029 7.81 पर्ितशत 22 अक्तूबर, 2029
3 7.88 (अहस्त ांतरणीय) िवशेष भारत सरकार पर्ितभूित, 2030 7.88 पर्ितशत 22 अक्तूबर, 2030
4 7.95 (अहस्त ांतरणीय) िवशेष भारत सरकार पर्ितभूित, 2031 7.95 पर्ितशत 22 अक्तूबर, 2031
5 8.03 (अहस्त ांतरणीय) िवशेष भारत सरकार पर्ितभूित,2032 8.03 पर्ितशत 22 अक्तूबर, 2032
6 8.11 (अहस्त ांतरणीय) िवशेष भारत सरकार पर्ितभूित,2033 8.11 पर्ितशत 22 अक्तूबर, 2033
ब् याज का भुगतान िनकटतम पूणर् रुपये म(cid:7286) पूणार्ंिकत करने के बाद िकया जाएगा। इस पर्योजनाथर्, पचास पैसे से कम रािश को
नजरअंदाज िकया जाएगा और पचास और उससे अिधक पैसे को अगले रुपये म(cid:7286) पूणार्ंिकत िकया जाएगा।
5. हस् तांतरणीयता एवं पिरवतर्न:-
िवशेष पर्ितभूित हस् तांतरणीय नह(cid:7277) होगी तथा इन पर्ितभूितय(cid:7298) को िकसी भी अन् य स् वरूप म(cid:7286) पिरवतर्न करने की भी अनुमित
नह(cid:7277) होगी।
6. सांिविधक पर्ावधान:-
जहां तक िकसी ऐसे िवषय का संबंध ह,ैिजसका इस अिधसूचना के तहत पर्ावधान नह(cid:7277) िकया गया ह,ै िवशेष पर्ितभूित लोक
ऋण अिधिनयम,2006 तथा उसके तहत बनाई गई लोक ऋण िनयमावली, 2007 (cid:7367)ारा अिभशािसत होगी।
7. कर कानून(cid:7298) की पर्योजनीयता:-
िवशेष पर्ितभूित म(cid:7286) िनवेिशत रािश तथा उस पर दये ब् याज का मूल्य समय-समय पर यथा पर्योज् यकर कानून(cid:7298) के पर्ावधान(cid:7298) (cid:7367)ारा
अिभशािसत िकया जाएगा।¹Hkkx Iμ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3
8. िवशेष पर्ितभूित म(cid:7286) िनवेश की पातर्ता :-
िनवेशकतार् ब(cid:7289)क (cid:7367)ारा िवशेष पर्ितभूित म(cid:7286) िकए गए िनवेश को एक पातर् िनवेश के रूप म(cid:7286) नह(cid:7277) माना जाएगा क्य(cid:7298)िक िनवेशकतार्
ब(cid:7289)क(cid:7298) पर लागू िकसी सांिविधक पर्ावधान(cid:7298) अथवा िनदशे (cid:7298) के अनुसरण म(cid:7286) िनवेशकतार् ब(cid:7289)क (cid:7367)ारा ऐसा िनवेश सरकारी पर्ितभूितय(cid:7298)
म(cid:7286) करना अपेिक्षत होता ह।ै
9. एचटीएम पर्िस्थित :-
ब(cid:7289)क(cid:7298) (cid:7367)ारा िनवेश पोटर्फोिलयो के वग(cid:7278)करण, मूल् यन तथा पिरचालन संबंधी िववेकपूणर् मानदडं (cid:7298) के संबंध म(cid:7286) भारतीय िरजवर्
ब(cid:7289)क के िदनांक 01 जुलाई, 2015 के पिरपतर् डीबीआर सं.बीपी.बीसी.6/21.04.141/2015-16 के अनुसरण म(cid:7286), िवशेष
पर्ितभूितयां िबना िकसी सीमा के एचटीएम पोटर्फोिलयो के तहत धािरत की जा सकती ह।(cid:7289)
भारत के राष्टर् पित के आदशे ानुसार
अरिवन् द शर्ीवास् तव, संयुक् त सिचव
अनबु ंध
[संदभर् फा.सं.4(16)-डब्ल्यू एंड एम/2018 िदनांक 17 अक्तूबर, 2018]
िसडीकेट ब(cid:7289)क (सरकारी क्षेतर् का ब(cid:7289)क) को (i)7.74 पर्ितशत (अहस् तांतरणीय) िवशेष भारत सरकार पर्ितभूित, 2028;
(ii) 7.81 पर्ितशत (अहस् तांतरणीय) िवशेष भारत सरकार पर्ितभूित, 2029; (iii) 7.88 पर्ितशत (अहस् तांतरणीय) िवशेष
भारत सरकार पर्ितभूित, 2030; (iv) 7.95 पर्ितशत (अहस् तांतरणीय) िवशेष भारत सरकार पर्ितभूित, 2031; (v) 8.03
पर्ितशत (अहस् तांतरणीय) िवशेष भारत सरकार पर्ितभूित, 2032; तथा (vi) 8.11 पर्ितशत (अहस् तांतरणीय) िवशेष भारत
सरकार पर्ितभूित, 2033 पर्ितभूितय(cid:7298) का आबंटन।
कर्.स.ं पातर् ब(cid:7289)क का नाम पिरपक् वता वषर् आबंिटत रािश
(` करोड़)
2028 2029 2030 2031 2032 2033
1 िसडीकेट ब(cid:7289)क 123 121 121 121 121 121 728
कुल 123 121 121 121 121 121 728
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi the, 17th October, 2018
Issue of (i) 7.74 per cent (Non-transferable) Special Gol Security, 2028; (ii) 7.81 per cent (Non- transferable)
Special Gol Security 2029; (iii) 7.88 per cent (Non-transferable) Special Gol Security 2030; (iv) 7.95 per cent (Non-
transferable) Special Gol Security 2031; (v) 8.03 per cent (Non-transferable) Special Gol Security 2032; and (vi)
8.11 per cent (Non- transferable) Special GoI Security 2033.
F. No. 4(16)-W&M/2018.—Government of India hereby notifies the issue of (i) 7.74 per cent (Non-
transferable) Special Gol Security, 2028; (ii) 7.81 per cent (Non- transferable) Special Gol Security 2029; (iii) 7.88 per
cent (Non-transferable) Special Gol Security 2030; (iv) 7.95 per cent (Non-transferable) Special Gol Security 2031; (v)
8.03 per cent (Non-transferable) Special Gol Security 2032; and (vi) 8.11 per cent (Non- transferable) Special GoI
Security 2033, (hereinafter briefly described as "the Special Security") on October 17, 2018.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
1. Eligibility for Subscription and Limit of Subscription:
(i) Syndicate Bank (Public Sector Bank) as referred to in the Annexure hereto shall only be eligible to subscribe to the
special securities and its subscription to the securities shall be limited to the extent of the amount, as shown in the
Annexure.
(ii) No other person, including any bank, company, corporation or any other body except the Syndicate Bank (Public
Sector Bank) 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 bank.
(ii) The date of issue of the special securities will be the date of receipt of subscription from the eligible bank.
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 security. Interest on the
security will be payable at Public Debt Office of Reserve Bank of India at Mumbai.
The following rate of interest will be payable on these securities:
S. No. Security Rate of Interest Date of maturity
1. 7.74 (Non-transferrable) Special Gol Security 2028 7.74 per cent October 22, 2028
2. 7.81 (Non-transferrable) Special Gol Security 2029 7.81 per cent October 22, 2029
3. 7.88 (Non-transferrable) Special GoI Security 2030 7.88 per cent October 22, 2030
4. 7.95 (Non-transferrable) Special GoI Security 2031 7.95 per cent October 22, 2031
5. 8.03 (Non-transferrable) Special Gol Security 2032 8.03 per cent October 22, 2032
6. 8.11 (Non-transferrable) Special Gol Security 2033 8.11 per cent October 22, 2033
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 amount of fifty paise and more will be rounded off to the next rupee.
5. Transferability and Conversion:
The special security 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 security shall be
governed by the Government Securities Act, 2006 and the Government Securities Rules, 2007 framed there under.
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 Security:
The investment in the special security by the investing bank 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 bank.¹Hkkx Iμ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5
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.
By Order of the President of India
ARVIND SHRIVASTAVA, Jt. Secy.
Annexure
[Ref F. No. 4(16)-W&M/2018 dated October 17, 2018]
Allocation of Securities to Syndicate Bank (Public Sector Bank), (i) 7.74 per cent (Non-transferable) Special Gol
Security, 2028; (ii) 7.81 per cent (Non- transferable) Special Gol Security 2029; (iii) 7.88 per cent (Non-transferable)
Special Gol Security 2030; (iv) 7.95 per cent (Non-transferable) Special Gol Security 2031; (v) 8.03 per cent
(Non-transferable) Special Gol Security 2032; and (vi) 8.11 per cent (Non-transferable) Special GoI Security 2033.
S. No. Name of Eligible Bank Amount Allocated
Maturing in Year
( ` crore)
2028 2029 2030 2031 2032 2033
1 Syndicate Bank 123 121 121 121 121 121 728
Total 123 121 121 121 121 121 728
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and Published by the Controller of Publications, Delhi-110054.