Executive Summary:
This document notifies the issuance of 8.80% Government of India National Small Savings Fund Non-Transferable Special Securities. It details the terms and conditions for two issuances: one from April 1, 2016, and another for the amount of Rs. 62,148.69 crore from March 31, 2017. The securities are non-transferable and governed by the Government Securities Act, 2006.
Key Points / Main Content:
Issuance Details:
* Two issuances are notified: one from April 1, 2016, until further notice, and another from March 31, 2017.
* The securities are called "special securities".
Objective:
* The securities issued from April 1, 2016 are against amounts received by the government from the National Small Savings Fund (NSSF).
* The securities issued from March 31, 2017, are against the amount received in the NSSF on account of the redemption of special Government of India and State Government securities.
Eligibility and Subscription:
* The Secretary, Department of Economic Affairs, is eligible to subscribe to the first issuance.
* The Secretary, Department of Economic Affairs, on behalf of NSSF, is eligible to subscribe to the second issuance.
* Securities will be issued in multiples of Rs. 1,00,000 for the first issuance.
* Securities will be issued for an amount of Rs. 62,148.69 crore for the second issuance.
Form, Price, Date, and Place of Issue:
* The securities will be in 'Stock' form, held in the Subsidiary General Ledger Account with the Public Debt Office, Reserve Bank of India, Nagpur.
* Securities will be issued at par.
* The date of issue for the first issuance is the date credited to the Subsidiary General Ledger Account.
* The date of issue for the second issuance is March 31, 2017.
* The place of issue is the Public Debt Office, Reserve Bank of India, Nagpur.
Tenure and Interest:
* The tenure for both issuances is 10 years from the date of issue.
* Interest is 8.80% per annum, payable half-yearly.
* Interest will be paid after rounding off to the nearest hundred rupees.
Repayment:
* The first issuance will be repayable in ten equal annual installments starting from the next year from the date of issue.
* The second issuance shall be repaid at par on March 31, 2027, subject to call and put options.
Transferability and Conversion:
* The securities are non-transferable.
* Conversion to any other form is not permitted unless specified by the Government.
Call and Put Option (Applicable only to the second issuance):
* The Government of India has the discretion to exercise a call option to prematurely redeem the special securities wholly or partly at par, after two years.
* The National Small Savings Fund has the discretion to exercise a put option for premature redemption of the special securities.
Statutory Provisions:
* The Government Securities Act, 2006 governs matters not explicitly covered in the notification.
Impact Analysis:
Central Government:
* Impact: Receives funds from NSSF against the issuance of these special securities. Has call option on the second issuance.
* Action Required: Manage the funds received and decide whether to exercise the call option for the second issuance.
National Small Savings Fund (NSSF):
* Impact: Invests funds in these special securities. Has put option on the second issuance.
* Action Required: Subscribe to the securities and decide whether to exercise the put option for the second issuance.
Public Debt Office, Reserve Bank of India, Nagpur:
* Impact: Maintains the Subsidiary General Ledger Accounts and manages interest payments.
* Action Required: Ensure proper issuance and management of the securities, including interest payments.
Department of Economic Affairs:
* Impact: Responsible for subscribing to the special securities on behalf of the Government/NSSF.
* Action Required: Subscribe to the securities as per the terms of the notification.
Key Entities Referenced
Government Securities Act, 2006: An act of the Indian Parliament governing government securities.
Ministry of Finance: A ministry in the Government of India responsible for the country's finances.
Department of Economic Affairs: A department within the Ministry of Finance, Government of India.
Government of India National Small Savings Fund Nontransferable Special Securities, 2016: Special securities issued by the Government of India related to the National Small Savings Fund.
Public Debt Office: An office that maintains Subsidiary General Ledger Accounts.
Reserve Bank of India, Nagpur: Branch of Reserve Bank of India where the Public Debt Office is located.
National Small Savings Fund: A fund in the Public Account of India.
PRASHANT GOYAL: Jt. Secy.
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EXTRAORDINARY
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PART I—Section 1
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PUBLISHED BY AUTHORITY
la- 109] ubZ fnYyh] cqèkokj] ekpZ 28] 2018@pS=k 7] 1940
No. 109] NEW DELHI, WEDNESDAY, MARCH 28, 2018/CHAITRA 7, 1940
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:8)(cid:8)(cid:8)(cid:8)ंंंं ााााललललयययय
((((आआआआ(cid:2)(cid:2)(cid:2)(cid:2)थथथथकककक(cid:4)(cid:4)(cid:4)(cid:4) ककककाााायययय (cid:4)(cid:4) (cid:4)(cid:4)ििििववववभभभभाााागगगग))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
ननननईईईई (cid:15)(cid:15)(cid:15)(cid:15)दददद(cid:17)(cid:17)(cid:17)(cid:17)लल लल ीीीी,,,, 22222222 ममममााााचचचच,,,,(cid:4)(cid:4)(cid:4)(cid:4) 2222000011118888
सससस..ंं..ंं 5555////1111////2222000011116666----एएएएननननएएएएसससस----II....———— क(cid:2)(cid:3)ीय सरकार, सरकारी (cid:10)ितभिू त अिधिनयम, 2006 (2006 का 38) क(cid:22) धारा 2 खंड
(च) (cid:28)ारा (cid:10)द(cid:30)त शि य! का (cid:10)योग करत े%ए, एतद(cid:28)् ारा यह िविन)द+* ट करती ह ै.क
(i) 8.80% (आठ दशमलव अ2स ी (cid:10)ितशत) भारत सरकार (रा+ 3ीय अ4प बचत िनिध) (अह2 तांतरणीय) िवशेष
(cid:10)ितभिू त, 2016 लोक ऋण काया*लय (cid:28)ारा रख े गए सहायक सामा8य बही खात ेम (cid:2) धारक के नाम स े रख े जान े वाल े ‘2 टॉक’ के
;प म (cid:2)िनग*त क(cid:22) जाएंगी; और
(ii) ये (cid:10)ितभूितया ंह2त ांतरणीय नह< ह!गी।
(cid:10)शातं गोयल, संयु सिचव
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 22nd March, 2018
No. 5/1/2016-NS-II.———— In exercise of the powers conferred by clause (f) of Section 2 of the Government
Securities Act, 2006 (38 of 2006), the Central Government hereby specifies that
1873 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
(i) 8.80% ( Eight point eighty per cent) Government of India (National Small Savings Fund) (Non-transferable)
Special Securities, 2016 shall be issued in the form of 'Stock' to be held at the credit of the holder in the
Subsidiary General Ledger Account maintained by the Public Debt Office; and
(ii) These securities shall not be transferable.
PRASHANT GOYAL, Jt. Secy.
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई .द4ली, 22 माच,* 2018
8888....88880000%%%% भभभभााााररररतततत ससससररररककककाााारररर ((((रररराााा(cid:26)(cid:26)(cid:26)(cid:26)(cid:27)(cid:27) (cid:27)(cid:27) ीीीीयययय अअअअ(cid:17)(cid:17)(cid:17)(cid:17)पपपप बबबबचचचचतततत ििििननननििििधधधध))))
((((अअअअहहहह""""तत तत ाााातततंंतंं ररररणणणणीीीीयययय)))) ििििववववशशशशषषषषेेेे ((((ििििततततभभभभििििूूूूतततत,,,,
2222000011116666 ककककाााा ििििननननगगगगमममम(cid:4)(cid:4)(cid:4)(cid:4)
सससस..ंं..ंं 5555////1111////2222000011116666----एएएएननननएएएएसससस----II....————भारत सरकार एतद(cid:28)ारा 1 अ(cid:10)ैल, 2016 स े अगली सूचना तक 8.80 (cid:10)ितशत भारत
सरकार (रा+3 ीय अ4प बचत िनिध) (अह2त ातं रणीय) िवशेष (cid:10)ितभिू त, 2016 (इसम (cid:2)इसके पBात इसे “िवशेष (cid:10)ितभूित” कहा
गया ह)ै का िनगम* अिधसिू चत करती ह।ै
2222.... उउउउदददददददद्््् े*े*े*े*यय यय ::::
भारतीय लोक लेखे म(cid:2) ‘’राCीय अ4प बचत िनिध’’ (एनएसएसएफ) नामक नई िनिध के सृजन के पFरणाम2व;प क(cid:2)(cid:3)ीय
सरकार, समय-समय पर राCीय अ4प बचत िनिध स े सरकार (cid:28)ारा (cid:10)ाG रािश के िलए इसके अंतग*त अिधसिू चत िवशषे
(cid:10)ितभिू तयां जारी करेगी।
3333.... ििििववववशशशशषषेेषषेे ((((ििििततततभभभभििििूूूूततततयययय++++ मममम ,,,,अअअअििििभभभभददददाााानननन ककककेेेे ििििललललएएएए पपपपाााा....तततताााा::::
सिचव, भारत सरकार, िव(cid:30)त मंHालय, आIथक* काय* िवभाग, समय-समय पर क(cid:2)(cid:3)ीय सरकार (cid:28)ारा िविन)दK* एनएसएसएफ
(cid:28)ारा िनवेश क(cid:22) रािश के िलए िवशेष (cid:10)ितभिू तय! म (cid:2)अिभदान करने के िलए पाH होगा।
4444.... अअअअििििभभभभददददाााानननन::::
1,00,000 करोड़ Nपय े (अ.ं कत मू4य) क(cid:22) रािश और इसके बाद 1,00,000 Nपये के गुणक! म(cid:2) िवशषे (cid:10)ितभिू तयां जारी क(cid:22)
जाएंगी।
5555.... ((((ििििततततभभभभििििूूूूततततयययय++++ ककककाााा """"वववव0000पपपप::::
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नाम स ेरख ेजाने वाल े‘2ट ॉक’ के ;प म (cid:2)जारी क(cid:22) जाएगं ी।
6666.... ििििननननगगगगमम(cid:4)(cid:4)मम(cid:4)(cid:4) ककककाााा मममम(cid:17)(cid:17)ूू(cid:17)(cid:17)ूू यय यय ,,,, ततततााााररररीीीीखखखख औऔऔऔरररर """"थथ थथ ाााानननन::::
(i) िवशेष (cid:10)ितभूितया ंसममू4य पर जारी क(cid:22) जाएंगी।
(ii) िवशेष (cid:10)ितभिू तया ं जारी करन े क(cid:22) तारीख भारत सरकार के सहायक सामा8य बही खात े म (cid:2) िवशेष (cid:10)ितभिू तय! के
जमा होने क(cid:22) तारीख होगी, परंतु यह .क एनएसएसएफ स ेय.द पहले ही रािश जारी क(cid:22) गई है और इस अिधसूचना को पहल े
सरकार के पास जमा क(cid:22) गई ह,ै िवशेष (cid:10)ितभिू तयां जारी करने क(cid:22) तारीख भारत सरकार के खाते म (cid:2) ऐसी जमा क(cid:22) तारीख
होगी।
(iii) िवशेष (cid:10)ितभूितया,ं लोक ऋण कायाल* य, भारतीय Fरजव* बQक, नागपुर म (cid:2)जारी क(cid:22) जाएंगी।¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3
7777.... अअअअववववििििधधधध::::
िवशेष (cid:10)ितभूितय! क(cid:22) अविध िनग*म क(cid:22) तारीख स े10 वष* होगी।
8888.... 3333यय यय ााााजजजज::::
(i) िवशेष (cid:10)ितभिू तय! पर 8.80 % (आठ दशमलव आठ शू8य (cid:10)ितशत) (cid:10)ित वष* S याज लगगे ा। जो िवशेष (cid:10)ितभिू तय! के
िनगम* क(cid:22) तारीख स े श;ु करके अध-* वाIषक* आधार पर भगु तान योTय होगा। (cid:10)ितभूितय! पर S याज लोक ऋण
कायाल* य (अथा*त िनग*म कायाल* य), भारतीय Fरजव* बकQ , नागपुर म (cid:2)दये होगा।
(ii) Sय ाज लगभग सौ Nपए के पूणाकV न के बाद संदये .कया होगा।
9999.... चचचचककुुककुु ौौौौततततीीीी::::
िवशेष (cid:10)ितभिू तय! क(cid:22) चकु ौती िनग*म क(cid:22) तारीख के अगल े वष* से (cid:10)ारंभ करके दस बराबर वाIषक* .कWत! म (cid:2) भुगतान योTय
होगी।
11110000.... हहहह""""ततततााााततंंततंं ररररणणणणीीीीययययतततताााा औऔऔऔरररर ससससपपपपंंंं 4444ररररववववततततनन(cid:4)(cid:4)नन(cid:4)(cid:4)
िवशेष (cid:10)ितभिू तया ं अंतरणीय नह< ह!गी और इनके .कसी अ8 य ;प म(cid:2) संपFरवत*न क(cid:22) अनमु ित नह< होगी, जब तक सरकार
(cid:28)ारा िवशषे ;प स ेिविन)द+* ट न .कया जाए।
11111111.... ससससााााििंंििंं ववववििििधधधधकककक उउउउपपपपबबबबधधंंधधंं ::::
ऐसे .कसी मामल े के संबंध म,(cid:2) िजसका इस अिधसूचना म(cid:2) उ4लेख नह< .कया गया ह,ै िवशेष (cid:10)ितभूितया ं सरकारी (cid:10)ितभिू त
अिधिनयम, 2006 (2006 का 38) (cid:28)ारा अिधशािसत ह!गी।
(cid:10)शातं गोयल, संयु सिचव
NOTIFICATION
New Delhi, the 22nd March, 2018
Issue of 8.80% Government of India
(National Small Savings Fund) (Non-transferable)
Special Securities, 2016
No. 5/1/2016-NS.II.———— The Government of India, hereby notifies the issue of 8.80 per cent Government of India
(National Small Savings Fund) (Non - transferable) Special Securities, 2016 (hereinafter called "special securities") from
1st April, 2016 until further notice.
2. Objective:
Consequent upon the creation of a new fund in the Public Account of India called the "National Small Savings Fund"
(NSSF), the Central Government shall issue the Special Securities notified here under against the amounts received by
the Government from NSSF from time to time.
3. Eligibility for subscribing to special securities:
The Secretary, Government of India, Ministry of Finance, Department of Economic Affairs, shall be eligible to subscribe
to special securities for the amounts invested by NSSF as specified by the Central Government from time to time.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
4. Subscription:
Special securities will be issued for an amount of `1,00,000 (face value) and in multiples of `1,00,000 thereafter.
5. Form of securities:
The special securities will be issued in the form of 'Stock' to be held at the credit of the holder in the Subsidiary General
Ledger Account maintained with Public Debt Office, Reserve Bank of India, Nagpur.
6. Price, Date and Place of Issue:
(i) The special securities will be issued at par.
(ii) The date of issue of special securities shall be the date on which the special securities are credited to the
Subsidiary General Ledger Account of Government of India provided that in the case of amounts already
released from NSSF and credited to the Government prior to this Notification, the date of issue of special
securities shall be date of such credit to the Government of India Account.
(iii) The Special Securities will be issued at Public Debt Office, Reserve Bank of India, Nagpur.
7. Tenure:
The tenure of the special securities will be 10 years from the date of issue.
8. Interest:
(i) The special securities will bear interest at the rate of 8.80 (Eight point eight per cent.) per annum which will be
payable at half yearly basis reckoned from the date of issue of the special securities. Interest on the securities
will be payable at the Public Debt Office (i.e. the office of Issue), Reserve Bank of India, Nagpur.
(ii) Interest will be paid after rounding off to be nearest hundred rupees.
9. Repayment:
The special securities shall be repayable in ten equal annual instalments starting from the next year from the date of
issue.
10. Transferability and conversion:
The Special Securities shall not be transferable and conversion of the securities to any other form shall not be permitted,
until and unless otherwise specified by the Government.
11. 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 (38 of 2006).
PRASHANT GOYAL, Jt. Secy.
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई .द4ली, 22 माच,* 2018
सससस..ंं..ंं 5555////1111////2222000011116666----एएएएननननएएएएसससस----II....————क(cid:2)(cid:3)ीय सरकार, सरकारी (cid:10)ितभिू त अिधिनयम, 2006 (2006 का 38) क(cid:22) धारा 2 खंड
(च) (cid:28)ारा (cid:10)द(cid:30)त शि य! का (cid:10)योग करत े%ए, एतद ्(cid:28)ारा यह िविन)द+* ट करती ह ै.क¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5
(i) 8.80% (आठ दशमलव आठ शू8य (cid:10)ितशत) भारत सरकार (रा+ 3ीय अ4प बचत िनिध) (अह2 तांतरणीय) िवशेष
(cid:10)ितभिू त, 2027 लोक ऋण काया*लय (cid:28)ारा रख े गए सहायक सामा8य बही खात ेम (cid:2) धारक के नाम स े रख े जान े वाल े ‘2 टॉक’ के
;प म (cid:2)जारी क(cid:22) जाएंगी; और
(ii) ये (cid:10)ितभूितया ंह2त ांतरणीय नह< ह!गी।
(cid:10)शातं गोयल, संयु सिचव
NOTIFICATION
New Delhi, the 22nd March, 2018
No. 5/1/2016-NS.ll.————In exercise of the powers conferred by clause (f) of Section 2 of the
Government Securities Act, 2006 (38 of 2006), the Central Government hereby specifies that
(i) 8.80% ( Eight point eighty per cent) Government of India ( National Small Savings Fund)
(Non-transferable) Special Securities, 2027 shall be issued in the form of 'Stock' to be held at
the credit of the holder in the Subsidiary General Ledger Account maintained by the Public
Debt Office; and
(ii) These securities shall not be transferable.
PRASHANT GOYAL, Jt. Secy.
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई .द4ली, 22 माच,* 2018
8888....88880000%%%% भभभभााााररररतततत ससससररररककककाााारररर ((((रररराााा(cid:26)(cid:26)(cid:26)(cid:26)(cid:27)(cid:27) (cid:27)(cid:27) ीीीीयययय अअअअ(cid:17)(cid:17)(cid:17)(cid:17)पपपप बबबबचचचचतततत ििििननननििििधध़़धध़़ ))))
((((अअअअहहहह""""तत तत ााााततततंंंं ररररणणणणीीीीयययय)))) ििििववववशशशशषषषषेेेे ((((ििििततततभभभभििििूूूूतततत,,,,
2222000011116666 ककककाााा ििििननननगगगगमममम(cid:4)(cid:4)(cid:4)(cid:4)
सससस..ंं..ंं 5555////1111////2222000011116666----एएएएननननएएएएसससस----II....————भारत सरकार, ,rn~}kjk 8.80 (cid:10)ितशत भारत सरकार (रा+ 3ीय अ4प बचत िनिध)
(अह2त ातं रणीय) िवशेष (cid:10)ितभिू त, 2027 (इसम (cid:2) इसके पBात इसे “िवशेष (cid:10)ितभिू त” कहा गया ह)ै का िनगम* अिधसिू चत
करती ह।ै
2222.... उउउउददददददददे*े*े*े*यय यय ::::
क(cid:2)(cid:3)ीय सरकार 1.4.1999 स े िनवल अ4प बचत संZहण के शेयर के िलए जारी िवशेष भारत सरकार और रा[य सरकार
(cid:10)ितभिू तय! के मोचन के कारण राCीय अ4प बचत िनिध म(cid:2) (cid:10)ाG रािश के िलए इसके अंतग*त अिधसिू चत िवशेष (cid:10)ितभूितया ं
जारी करेगी।6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
3333.... ििििववववशशशशषषेेषषेे ((((ििििततततभभभभििििूूूू ततततयययय++++ मममम ,,,,अअअअििििभभभभददददाााानननन ककककेेेे ििििललललएएएए पपपपाााा....तततताााा::::
एनएसएसएफ क(cid:22) ओर से सिचव, भारत सरकार, िव(cid:30) त मंHालय, आIथक* काय* िवभाग, िवशेष (cid:10)ितभूितय! म(cid:2) अिभदान करने
के िलए पाH होगा।
4444.... अअअअििििभभभभददददाााानननन::::
62,148.69 करोड़ Nपये (बासठ हजार एक सौ अड़तालीस दसमलव उनह\र करोड़ Nपये) क(cid:22) रािश के िलए िवशेष
(cid:10)ितभिू तयां जारी क(cid:22) जाएंगी।
5555.... ((((ििििततततभभभभििििूूूूततततयययय++++ ककककाााा """"वववव0000पपपप::::
िवशेष (cid:10)ितभिू तया,ं लोक ऋण कायाल* य, भारतीय Fरजव* बQक, नागपुर म(cid:2) रखे गए सहायक सामा8य लेखा खाते म(cid:2) धारक के
नाम स ेरख ेजाने वाल े‘2ट ॉक’ के ;प म(cid:2) जारी क(cid:22) जाएंगी।
6666.... ििििननननगगगगमम(cid:4)(cid:4)मम(cid:4)(cid:4) ककककाााा मममम(cid:17)(cid:17)ूू(cid:17)(cid:17)ूू यय यय ,,,, ततततााााररररीीीीखखखख औऔऔऔरररर """"थथ थथ ाााानननन::::
(i) िवशेष (cid:10)ितभूितया ंसममू4य पर जारी क(cid:22) जाएंगी।
(ii) िवशेष (cid:10)ितभूितया ंजारी करन ेक(cid:22) तारीख 31 माच,* 2017 होगी।
(iii) िवशेष (cid:10)ितभूितया,ं लोक ऋण कायाल* य, भारतीय Fरजव* बQक, नागपुर म (cid:2)जारी क(cid:22) जाएंगी।
7777.... अअअअववववििििधधधध::::
िवशेष (cid:10)ितभूितय! क(cid:22) अविध िनग*म क(cid:22) तारीख स े10 वष* होगी।
8888.... ममममाााागगंंगगंं औऔऔऔरररर ििििवववव6666यययय ििििववववकककक(cid:17)(cid:17)(cid:17)(cid:17)पपपप
(i) िवशेष (cid:10)ितभूितय! म(cid:2) इस िवभाग क(cid:22) एफ स]ं या 4(13)-डS4यूएंडएम/2008, तारीख 08 अ ूबर, 2008 (cid:28)ारा जारी
सामा8य अिधसूचना के पैरा 7.5 म(cid:2) यथािविन)द*K मांग और िव_य का िवक4प होगा।
(ii) भारत सरकार के पास दो वष *के बाद पFरप‘तापूव* िवशेष (cid:10)ितभिू तय! का पणू * अथवा आंिशक सaमू4य पर िव_य का
िवक4प दने े के िलए िववेकाधीन शि होगी। उस ि2थित म (cid:2) िवशेष (cid:10)ितभूितय! पर Sयाज सरकार (cid:28)ारा िनण*य िलए
गए पFरप‘तापूव* मोचन क(cid:22) तारीख स ेमोिचत िवशेष (cid:10)ितभूितय! पर Sयाज क(cid:22) (cid:10)ािG समाG हो जाएगी।
(iii) िवशेष (cid:10)ितभूितय! का धारक के पास अथात* राCीय अ4प बचत िनिध िवशेष (cid:10)ितभिू तय! के पFरप‘तापूव* मोचन हते ु
‘’िव_य िवक4प’’ का (cid:10)योग करने के िलए िववेकाधीन शि होगी, पFरप‘तापूव* मोचन क(cid:22) तारीख स ेमोिचत िवशेष
(cid:10)ितभिू तय! पर Sयाज क(cid:22) (cid:10)ािG समाG हो जाएगी।
9999.... 3333यय यय ााााजजजज::::
(i) िवशेष (cid:10)ितभिू तय! पर 8.80% (आठ दशमलव आठ शू8य (cid:10)ितशत) (cid:10)ित वष* S याज लगेगा। Sयाज अ(cid:10)ैल से िसतंबर
और अ ूबर स े माच* तक अधव* ाIषक* अविध के िलए (cid:10)ोbभतू Sयाज _मश: 31 माच * और 30 िसतंबर को भुगतान
योTय होगा। िवशेष (cid:10)ितभिू तय! पर Sयाज लोक ऋण काया*लय (अथा*त िनगम* काया*लय), भारतीय Fरजव* बQक,
नागपुर म(cid:2) देय होगा।
(ii) Sय ाज लगभग सौ Nपए के पूणाकV न के बाद संदये .कया होगा।¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 7
11110000.... चचचचककुुककुु ौौौौततततीीीी::::
िवशेष (cid:10)ितभिू तय! क(cid:22) चकु ौती सaमू4य पर इसके ऊपर पैरा-8 के अतं ग*त िविन)दK* शतc के अdयधीन 31 माच,* 2027 को क(cid:22)
जाएगी।
11111111.... हहहह""""ततततााााततंंततंं ररररणणणणीीीीययययतततताााा औऔऔऔरररर ससससपपपपंंंं 4444ररररववववततततनन(cid:4)(cid:4)नन(cid:4)(cid:4)
िवशेष (cid:10)ितभिू तया ं अंतरणीय नह< ह!गी और इनके .कसी अ8 य ;प म(cid:2) संपFरवतन* क(cid:22) अनमु ित नह< होगी, जब तक सरकार
(cid:28)ारा िवशषे ;प स ेिविन)द+* ट न .कया जाए।
11112222.... ससससााााििंंििंं ववववििििधधधधकककक उउउउपपपपबबबबधधंंधधंं ::::
ऐस े .कसी मामल े के संबंध म,(cid:2) िजसका इस अिधसूचना म(cid:2) उ4लेख नह< .कया गया ह,ै िवशषे (cid:10)ितभिू तया ं सरकारी (cid:10)ितभूित
अिधिनयम, 2006 (2006 का 38) (cid:28)ारा अिधशािसत ह!गी।
(cid:10)शातं गोयल, संयु सिचव
NOTIFICATION
New Delhi, the 22nd March, 2018
Issue of 8.80% Government of India
(National Small Savings Fund) (Non-transferable)
Special Securities, 2016
No. 5/1/2016-NS.II.———— The Government of India, hereby notifies the issue of 8.80 per cent Government of India
(National Small Savings Fund) (Non - transferable) Special Securities, 2027 (hereinafter called "special securities").
2. Objective:
Central Government shall issue the Special Securities notified hereunder against the amount received in the National
Small Savings Fund (NSSF) on account of redemption of special Government of India and State Government securities
issued against shares of net small savings collection from 1-4-1999.
3. Eligibility for subscribing to special securities:
The Secretary, Government of India, Ministry of Finance, Department of Economic Affairs, on behalf of NSSF, shall be
eligible to subscribe to special securities.
4. Subscription:
Special securities will be issued for an amount of ` 62,148.69 crore (Rupees sixty two thousand one hundred forty eight
crore and sixty nine lakh only).
5. Form of securities:
The special securities will be issued in the form of 'Stock' to be held at the credit of the holder in the Subsidiary General
Ledger Account maintained with Public Debt Office, Reserve Bank of India, Nagpur.
6. Price, Date and Place of Issue:
(i) The special securities will be issued at par.
(ii) The date of issue of special securities shall be the date of 31st day of March, 2017.
(iii) The Special Securities will be issued at Public Debt Office, Reserve Bank of India, Nagpur.
7. Tenure:
The tenure of the special securities will be 10 years from the date of issue.8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
8. Call and put option:
(i) The Special Securities will have call and put option as specified in paragraph 7.5 of the General Notification,
issued vided this Department’s F.No.4(13)-W&M/2008, dated 8th October, 2008.
(ii) The Government of India shall have the discretion to exercise “call option” to prematurely redeem the special
securities wholly or partly at par, after two years. In that event, interest on the special securities shall cease to
accrue on the redeemed special securities from the date premature redemption decided by the government.
(iii) The holder of the Special Securities, i.e. National Small Savings Fund shall have the discretion to exercise “put
option”, for premature redemption of the special securities shall cease to accrue on the redeemed special
securities from the date of premature redemption.
9. Interest:
(i) The special securities will bear interest at the rate of 8.80% (Eight point eighty per cent.) per annum. Interest
accrued for the half yearly periods from April to September and October to March will be payable on 31st March
and 30th September respectively. Interest on the securities will be payable at the Public Debt Office (i.e. the
office of Issue), Reserve Bank of India, Nagpur.
(ii) Interest will be paid after rounding off to be nearest hundred rupees.
10. Repayment:
The special securities shall be repaid at par on March 31, 2027 subject to the terms specified under paragraph 8
hereinabove.
11. Transferability and conversion:
The Special Securities shall not be transferable and conversion of the securities to any other form shall not be permitted,
until and unless otherwise specified by the Government.
12. 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 (38 of 2006).
PRASHANT GOYAL, 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.