Executive Summary:
This notification from the Ministry of Finance announces the issuance of six non-interest-bearing, non-transferable Special Government of India (GoI) Securities maturing annually from 2030 to 2035. Punjab Sind Bank is the only eligible subscriber, with the subscription limited to the amounts specified in the annexure. The date of issue will be the date of receipt of the subscription amount, beginning December 14, 2020.
Key Points / Main Content:
* **Issuance of Special Securities:**
* Six new series of Non-interest bearing, Non-transferable Special GoI Securities will be issued, maturing from 2030 to 2035.
* **Eligibility and Subscription:**
* Only Punjab Sind Bank is eligible to subscribe.
* Subscription is limited to the amount specified in the annexure (Totaling ₹5,500 crore).
* **Price and Issue Date:**
* The securities will be issued at par.
* The issue date is the date of receipt of subscription amount from the bank, effective from December 14, 2020.
* **Form and Repayment:**
* The securities will be in the form of "Stock" held in the bank's Subsidiary General Ledger Account with the Reserve Bank of India, Mumbai.
* Securities are repayable at par on their respective maturity dates (December 14 of each year from 2030 to 2035) at the Public Debt Office of RBI, Mumbai.
* **Transferability and Conversion:**
* The securities are non-transferable.
* Conversion into any other form of security is not permitted.
* **Statutory Provisions and Tax Laws:**
* The Government Securities Act, 2006, and the Government Securities Rules, 2007, will govern matters not covered in the notification.
* The value of the investment is subject to applicable tax laws.
* **Investment Eligibility and HTM Status:**
* Investment in these securities by Punjab Sind Bank will not be considered an eligible investment for statutory provisions or directions.
* As per RBI guidelines, these securities can be held under the "Held to Maturity" (HTM) portfolio without any limit.
Impact Analysis:
Punjab Sind Bank:
* Impact: The bank is the sole entity eligible to subscribe to these special securities, allowing it to manage its balance sheet. However, this investment does not count towards mandatory government security holdings.
* Action Required: The bank must subscribe to the securities by the specified amount as per the annexure.
Reserve Bank of India (RBI):
* Impact: The RBI, specifically the Public Debt Office in Mumbai, will manage the issuance and repayment of these securities.
* Action Required: Facilitate the issuance and manage the Subsidiary General Ledger accounts for these securities.
Government of India/Ministry of Finance:
* Impact: The issuance allows the government to manage specific financial requirements.
* Action Required: Monitor the subscription and manage the overall process as per the notification.
Key Entities Referenced
Ministry of Finance: The ministry responsible for issuing the notification regarding special government securities.
Department of Economic Affairs: A department within the Ministry of Finance.
New Delhi: The location where the notification was issued.
Rajat Kumar Mishra: Additional Secretary who signed the notification on behalf of the President of India.
Punjab Sind Bank: The Public Sector Bank eligible to subscribe to the special securities.
Reserve Bank of India, Mumbai: The central bank where the Subsidiary General Ledger Account is maintained and where repayment of the Special securities will be made.
Government Securities Act, 2006: The act governing the Special Securities, where matters are not specifically addressed in the notification.
Government Securities Rules, 2007: The rules governing the Special Securities, where matters are not specifically addressed in the notification.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-11122020-223656
xxxGIDHxxx
CG-DL-E-11122020-223656
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असाधारण
EXTRAORDINARY
भाग I—खण्ड 1
PART I—Section 1
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 353] नई दिल्ली, िुक्रिार, दिसम्ब र 11, 2020/अग्रिा ण 20, 1942
No. 353] NEW DELHI, FRIDAY, DECEMBER 11, 2020/AGRAHAYANA 20, 1942
जित्त ं्ं ाल
(आर्थकि का िजिभाग)
(बिट प्रभाग)
अजधसचू ना
नई दिल् ली, 11 दिसम्बर, 2020
फा.स.ं 4(17)-बी(डब्ल् एू ि ं एं)/2020.—(i) ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार
प्रजतभूजत, 2030; (ii) ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2031; (iii) ब् ाि रजित
(अिस्ट्त ातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2032; (iv) ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार
प्रजतभूजत, 2033; (v) ब् ाि रजित (अिस्ट्त ातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2034; तथा (vi) ब् ाि रजित
(अिस्ट्त ातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2035 को िारी करना।
फा.स.ं 4(17)-बी(डब् ल् ूएिं एं)/2020: भारत सरकार एतिद्वारा दिनांक 14 दिसम्बर, 2020 को (i) ब् ाि रजित
(अिस्ट्त ातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2030; (ii) ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार
प्रजतभूजत, 2031; (iii) ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2032; (iv) ब् ाि रजित
(अिस्ट्त ातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2033; (v) ब् ाि रजित (अिस्ट्त ातं रणी ) जििेष भारत सरकार
प्रजतभूजत, 2034; तथा (vi) ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2035 (इसके पश् चातस संज् त
रूप स‘े जििेष प्रजतभूजत’ के रूप ंें उजल्लजखत ि)ै के जनगिं को अजधसूजचत करती ि।ै
6083 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
1. अजभिान के जलए पा्ता और अजभिान की सींा :-
(i) केिल इसके अनबु धं ं ें पंिाब एंड ससंध बैंक (सरकारी ्े् का बैंक) इन जििेष प्रजतभूजत ों ंें अजभिान करन े के जलए
पा् िोगा तथा प्रजतभूजत ों ं ेंअजभिान अनुबंध ं ेंििािई गई राजि तक सीजंत रिगे ा।
(ii) उप ुिक् त अनुबंध ंें पंिाब एंड ससंध बैंक (सरकारी ्े् का बैंक) के अलािा, दकसी अन् बकैं , कंप नी, कारपोरेिन अथिा
दकसी अन् जनका सजित कोई अन् ् जि इन जििेष प्रजतभूजत ों ंें अजभिान करने के जलए पा् नि िोगा।
2. जनगंि ंल्ू एि ंतारीख:-
(i) जििेष प्रजतभूजत ां पा् बैंक द्वारा दकए गए आिेिन ं ें इंजगत दकए गए अनुसार, संंूल् राजि पर िारी की िाएगं ी।
(ii) जििेष प्रजतभूजत ों को िारी करने की तारीख पा् बैंक से अजभिान राजि की प्राजि की तारीख़ िोगी ।
3.प्रजतभजू त का स्ट्ि रूप :-
इन जििेष प्रजतभूजत ों को लोक ऋण का ािल , भारती ररििि बैंक, ंुंबई ंें बनाए रखे जनिेिकताि बैंक पंिाब एंड ससधं
बैंक के सजब् सजड री िनरल अकाउंट ं ें क्रेजडट करके ''स्ट्टॉक'' के रूप ं ेंिारी दक ा िाएगा।
4.ब् ाि एि ंिापसी :-
जििेष प्रजतभूजत ों की िापसी अिा गी प्रत् के प्रजतभूजत के सबं ंध ंें इंजगत की गई पररपक्ि ता की तारीख़ को संंूल् पर
िोगी। जििेष प्रजतभूजत ां ब् ाि रजित िोंगी और प्रजतभूजत ों के िारी िोन े की तारीख स े कोई ब् ाि भुगतान िे नि
िोगा। जििेष प्रजतभूजत ों का पुनभुिगतान ंुंबई ं ें भारती ररििि बैंक के सािििजनक ऋण का ािल ंें दक ा िाएगा।
सरकारी जििेष प्रजतभूजत ों का जििरण जनम्नानुसार िोगा:
क्रं पररपक्ि ता
प्रजतभूजत
संख् ा की तारीख़
1 ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2030 14 दिसम्बर, 2030
2 ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2031 14 दिसम्बर, 2031
3 ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2032 14 दिसम्बर, 2032
4 ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2033 14 दिसम्बर, 2033
5 ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2034 14 दिसम्बर, 2034
6 ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2035 14 दिसम्बर, 2035
5. िस्ट्त ातं रणी ता एि ंपररितनि :-
जििेष प्रजतभूजत िस्ट्त ांतरणी नि िोगी तथा इन प्रजतभूजत ों को दकसी भी अन् स्ट् िरूप ं ें पररितिन करन े की अनुंजत भी
नि िोगी।
6. साजं िजधक प्रािधान:-
ििां तक दकसी ऐसे जिष का संबंध ि,ै जिसका इस अजधसूचना के तित प्रािधान नि दक ा ग ा िै, जििेष प्रजतभूजत लोक
ऋण अजधजन ं, 2006 तथा उसके तित बनाई गई लोक ऋण जन ंािली, 2007 द्वारा अजभिाजसत की िाएगी।
7. कर काननू ों का लाग ूिोना :-
जििेष प्रजतभूजत ं ेंजनिेजित राजि सं सं पर था प्र ोज् कर कानूनों के प्रािधानों द्वारा अजभिाजसत दक ा िाएगा।[भाग I—खण् ड 1] भारत का रािप् : असाधारण 3
8. जििषे प्रजतभजू त ं ेंजनििे की पा्ता :-
ििां तक दकसी सांजिजधक प्रािधानों अथिा जनििे ों के अनसु रण ं ें जनिेिकताि बैंक द्वारा सरकारी प्रजतभूजत ों ं ें जनिेि
करने की अप्े ा ि,ै इस संबंध ंें जनिेिकता ि बैंक द्वारा इन जििेष प्रजतभूजत ों ं ें दकए गए जनिेि को एक पा् जनिेि के रूप
ंें नि ंाना िाएगा।
9. एचटीएं प्रजस्ट्थजत :-
बैंक द्वारा जनिेि पोटिफोजल ो के िगीकरण, ंूल् न तथा पररचालन संबंधी जििेकपूणि ंापिडों के संबंध ंें भारती ररिि ि
बैंक के दिनांक 01 िलु ाई, 2015 के पररप् डीबीआर संख् ा बीपी. बीसी.6/21.04.141/2015-16 के अनुसरण ं,ें जििेष
प्रजतभूजत ां जबना दकसी भी सींा के एचटीएं पोटिफोजल ो के तित धाररत की िा सकती ि।ैं
भारत के राष्टर पजत के आिेिानसु ार
रित कुंार जंश्र, अपर सजचि
अनबु धं
(सिं भ ि फा.स.ं4(17)-बी(डब्ल् एू ि ंएं)/2020 दिनाकं 11 दिसम्बर, 2020)
सािििजनक ्े् के पा् बैंक का नां और प्रजतभूजत आिंटन (i) ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार
प्रजतभूजत, 2030; (ii) ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2031; (iii) ब् ाि रजित
(अिस्ट्त ातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2032; (iv) ब् ाि रजित (अिस्ट् तातं रणी ) जििेष भारत सरकार
प्रजतभूजत, 2033; (v) ब् ाि रजित (अिस्ट्त ातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2034; तथा (vi) ब् ाि रजित
(अिस्ट्त ातं रणी ) जििेष भारत सरकार प्रजतभूजत, 2035, प्रजतभूजत ों का आिंटन।
पररपक्ि िोन ेिाला िष ि (करोड रुप )े
क्रं सख्ं ा पा् बैंक का नां
आिरं टत राजि
2030 2031 2032 2033 2034 2035
1. पंिाब एंड ससंध बैंक 920 916 916 916 916 916 5,500
कुल 920 916 916 916 916 916 5,500
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 11th December, 2020
F. No. 4(17)-B(W&M)/2020.—Issue of (i) Non-interest bearing (Non-transferable) Special Gol Security,
2030; (ii) Non-interest bearing (Non-transferable) Special Gol Security 2031; (iii) Non-interest bearing (Non-
transferable) Special Gol Security 2032; (iv) Non-interest bearing (Non-transferable) Special Gol Security 2033;
(v) Non-interest bearing (Non-transferable) Special Gol Security 2034; and (vi) Non-interest bearing (Non-
transferable) Special GoI Security 2035.
F. No. 4(17)-B(W&M)/2020: Government of India hereby notifies the issue of (i) Non-interest bearing
(Non-transferable) Special Gol Security, 2030; (ii) Non-interest bearing (Non-transferable) Special Gol Security
2031; (iii) Non-interest bearing (Non-transferable) Special Gol Security 2032; (iv) Non-interest bearing (Non-
transferable) Special Gol Security 2033; (v) Non-interest bearing (Non-transferable) Special Gol Security4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
2034; and (vi) Non-interest bearing (Non- transferable) Special GoI Security 2035, (hereinafter briefly described as
the “Special securities”) on December 14, 2020.
1. Eligibility for Subscription and Limit of Subscription:
(i) Punjab & Sind 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 Punjab & Sind 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 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 i.e. Punjab &
Sind Bank 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. The special
securities shall be Non-interest bearing and no interest shall be payable on issue of the securities. Repayment of the
Special securities will be made at Public Debt Office of Reserve Bank of India at Mumbai. The details of Government
Special Securities shall be as follows:
S. No. Nomenclature of the Securities Date of maturity
1. Non-interest bearing (Non-Transferrable) Special Gol Security 2030 Dec.14, 2030
2. Non-interest bearing (Non-Transferrable) Special Gol Security 2031 Dec.14, 2031
3. Non-interest bearing (Non-Transferrable) Special GoI Security 2032 Dec.14, 2032
4. Non-interest bearing (Non-Transferrable) Special GoI Security 2033 Dec.14, 2033
5. Non-interest bearing (Non-Transferrable) Special Gol Security 2034 Dec.14, 2034
6. Non-interest bearing (Non-Transferrable) Special Gol Security 2035 Dec.14, 2035
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 there under.
7. Applicability of Tax Laws:
The value of the investment in the Special Security 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 Punjab & Sind Bank (Public Sector Bank) would not be considered as an
eligible investment which is required to make in Government securities in pursuance of any statutory provisions or
directions applicable to the investing bank.
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 investing Bank, the special securities can be held under HTM
portfolio without any limit.
By Order of the President of India,
RAJAT KUMAR MISHRA, Addl. Secy.[भाग I—खण् ड 1] भारत का रािप् : असाधारण 5
Annexure
(Ref. F. No.4(17)-B(W&M)/2020 dated December 11, 2020)
Name of the Public Sector Bank and Allocation of Securities (i) Non-interest bearing (Non-transferable) Special Gol
Security, 2030; (ii) Non-interest bearing (Non-transferable) Special Gol Security 2031; (iii) Non-interest bearing
(Non-transferable) Special Gol Security 2032; (iv) Non-interest bearing (Non-transferable) Special Gol Security
2033; (v) Non-interest bearing (Non-transferable) Special Gol Security 2034; and (vi) Non-interest bearing (Non-
transferable) Special GoI Security 2035, is as under:
Maturing in Year ( crore)
S.
Name of the Bank
2030 2031 2032 2033 2034 2035 Amount
No.
Allocated
1 Punjab & Sind Bank 920 916 916 916 916 916 5,500
Total 920 916 916 916 916 916 5,500
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