Executive Summary:
This notification announces the issuance of 7.70% Government of India NSSF C Nontrans Special Securities, 203536, in FY 202526. These securities, issued against amounts received from the National Small Savings Fund (NSSF), will be in the form of 'Stock' held in a Subsidiary General Ledger Account. The securities are non-transferable and have a 10-year tenure.
Key Points / Main Content:
* **Issuance Details:**
* Securities: 7.70% Government of India NSSF C Nontrans Special Securities, 203536.
* Form: 'Stock' held in Subsidiary General Ledger Account.
* Issuer: Central Government.
* **Objective:**
* To issue Special Securities against amounts received by the Government from NSSF.
* **Eligibility & Subscription:**
* Eligible Subscriber: Secretary, Department of Economic Affairs, Ministry of Finance, for NSSF investments.
* Subscription Amount: In multiples of ₹1,00,000 face value.
* **Issue Mechanics:**
* Issue Price: At par.
* Issue Location: Public Debt Office, Reserve Bank of India, Nagpur.
* Issue Date: Date of credit to Subsidiary General Ledger Account of NSSF.
* **Tenure & Interest:**
* Tenure: 10 years from the date of issue.
* Interest Rate: 7.70% per annum, payable half-yearly.
* Interest Payment Location: Public Debt Office, Reserve Bank of India, Nagpur.
* **Repayment & Transferability:**
* Repayment: Government of India will exercise a call option to redeem the special securities in ten equal installments starting from the next year from the date of the issue.
* Transferability: Non-transferable; conversion not permitted unless specified by the Government.
* **Statutory Provisions:**
* Governed by the Government Securities Act, 2006 for matters not covered in the notification.
Impact Analysis:
* **National Small Savings Fund (NSSF):**
* *Impact:* NSSF's investments will be converted into these special securities. The fund will earn a fixed interest rate of 7.70% per annum on these securities.
* *Action Required:* NSSF needs to invest funds as specified by the Central Government and receive the special securities in return.
* **Reserve Bank of India (RBI), Public Debt Office, Nagpur:**
* *Impact:* The RBI, specifically the Public Debt Office in Nagpur, is responsible for managing the issuance, maintenance of the Subsidiary General Ledger Account, and interest payments related to these securities.
* *Action Required:* RBI needs to ensure proper issuance, record-keeping, and interest payment for these securities.
* **Central Government, Department of Economic Affairs:**
* *Impact:* The Central Government is the issuer of these securities and is obligated to make interest payments and repay the principal amount.
* *Action Required:* The Department of Economic Affairs needs to manage the issuance process and ensure timely interest payments and repayment of the securities.
Key Entities Referenced
Government Securities Act, 2006: An act of the Indian Parliament governing government securities. Referenced as the governing act for matters not explicitly covered in the notification.
Ministry of Finance, Department of Economic Affairs: The Indian government ministry and department responsible for the notification and the special securities.
New Delhi: Location from which the notification was issued.
National Small Savings Fund (NSSF): A fund in the Public Account of India against which the special securities are issued.
Public Debt Office, Reserve Bank of India, Nagpur: The location where the special securities are maintained in the Subsidiary General Ledger Account and where interest payments are made.
7.70 per cent Government of India NSSF C Nontrans Special Securities, 203536: The full name of the special securities being issued, including the interest rate and maturity year.
VyasAn R.: Joint Secretary who signed the notification.
Public Account of India: Fund where NSSF resides.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एxलx.x-GअID.-H2x6xx0 82025-265712
CG-DLxx-xEG-I2D6E0x8x2x0 25-265712
असाधारण
EXTRAORDINARY
भाग I—खण्ड 1
PART I—Section 1
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 229] नई दिल्ली, मगं लिार, अगस्ट्त 26, 2025/भाद्र 4, 1947
No. 229] NEW DELHI, TUESDAY, AUGUST 26, 2025/BHADRA 4, 1947
जित्त मत्रं ालय
(आर्थकि काय ि जिभाग )
अजधसचू ना
नई दिल्ली, 5 अगस्ट् त, 2025
फा. स.ं 5/1/2024-एनएस-भाग(1).—केंद्रीय सरकार, सरकारी प्रजतभूजत अजधजनयम, 2006 (2006 का 38) की
धारा 2 के खंड (च) द्वारा प्रित् त िजियों का प्रयोग करत े हुए एतद्द्वारा यह जिजनर्ििष् ट करती ह ैदक
(i) 7.70% (सात ििमलि सात िून्य प्रजतित) भारत सरकार एनएसएसएफ (सी) (राष्र ीय लघु बचत जनजध)
(अहस्ट्त ातं रणीय) जििेष प्रजतभूजत, 2035-36 लोक ॠण कायािलय द्वारा जित्त िषि 2025-26 में रखे गए अनुषगं ी
सामान्य बही खाते में धारक के नाम से रख ेिाने िाले ‘स्ट् टॉक’ के रूप में िारी की िाएगी; और
(ii) ये प्रजतभूजतयां हस्ट्त ातं रणीय नहीं होंगी।
व्यासन आर., संयुक् त सजचि
5689 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 5th August, 2025
F. No. 5/1/2024-NS-Part(1).—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) 7.70% (Seven point seven percent) Government of India NSSF (C) (Non-trans) Special Securities, 2035-36
shall be issued in FY 2025-26 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.
VYASAN R., Jt. Secy.
अजधसचू ना
नई दिल्ली, 5 अगस्ट् त, 2025
7.70% भारत सरकार (राष्र ीय लघ ुबचत जनजध) (सी) (अहस्ट्त ातं रणीय) जििषे प्रजतभजू त,
2035-36 का जनगमि
फा. स.ं 5/1/2024-एनएस-भाग(1).—भारत सरकार, एतद्द्वारा 7.70 प्रजतित भारत सरकार राष्र ीय लघ ु बचत
जनजध (सी) (अहस्ट् तांतरणीय) जििेष प्रजतभूजतयां, 2035-36 (इसमें इसके पश्चात इसे “जििषे प्रजतभूजत” कहा गया ह)ै का
जनगिम अजधसूजचत करती ह।ै
2. उद्देश्य:
भारत के लोक लेखे म ें "राष्ट्रीय लघ ु बचत जनजध" (एनएसएसएफ) नामक नई जनजध के सृिन के पररणामस्ट्िरूप समय-समय
पर सरकार द्वारा राष्ट्रीय लघु बचत जनजध से प्राप्त राजि के जलए केंद्रीय सरकार इसके अतं गति अजधसूजचत जििेष प्रजतभूजतया ं
िारी करेगी।
3. जििषे प्रजतभजू तयों म ेंअजभिान के जलए पात्रता:
सजचि, भारत सरकार, जित् त मंत्रालय, आर्थिक कायि जिभाग, समय-समय पर केंद्रीय सरकार द्वारा यथाजिजनर्ििष्ट
एनएसएसएफ द्वारा जनिेि की राजि के जलए जििेष प्रजतभूजतयों में अजभिान करन े के जलए पात्र होंगे।
4. अजभिान:
जििेष प्रजतभूजतयां ₹1,00,000 (अंदकत मल्ू य) की राजि के जलए और इसके बाि ₹1,00,000 के गुणकों म ें िारी की
िाएंगी।
5. प्रजतभजू तयों का स्ट्िरूप:
जििेष प्रजतभूजतयां, लोक ॠण कायािलय, भारतीय ररििि बैंक, नागपरु में रखे गए अनषु ंगी सामान्य बही खाते म ें धारक के
नाम रखे िान े िाल े ‘स्ट् टॉक’ के रूप म ेंिारी की िाएगं ी।
6. जनगमि का मल्ू य , तारीख और स्ट्थ ान:
(i) जििेष प्रजतभूजतयां सममूल् य पर िारी की िाएंगी।[भाग I—खण् ड 1] भारत का रािपत्र : असाधारण 3
(ii) जििेष प्रजतभूजतया ंिारी करन ेकी तारीख भारत सरकार के सहायक सामान्य बही खाते म ेंजििेष प्रजतभूजतयों के िमा
होने की तारीख होगी।
(iii) जििेष प्रजतभूजतयां, लोक ॠण कायािलय, भारतीय ररििि बैंक, नागपरु म ेंिारी की िाएगं ी।
7. अिजध:
जििेष प्रजतभूजतयों की अिजध जनगिम की तारीख स े 10 िष ि होगी।
8. ब्य ाि
(i) जििेष प्रजतभूजतयों पर 7.70% (सात ििमलि सात िून्य प्रजतित) प्रजत िष ि ब् याि लगगे ा िो जििेष प्रजतभूजतयों
के जनगिम की तारीख से िरूु करके अधि-िार्षिक आधार पर िेय होगा। प्रजतभूजतयों पर ब् याि लोक ऋण
कायािलय (अथाित जनगिम कायािलय), भारतीय ररििि बैंक, नागपुर म ेंिेय होगा।
(ii) ब् याि जनकटतम सौ रुपए के पणू ाांकन के बाि संिेय होगा।
9. चकु ौती:
भारत सरकार जििेष प्रजतभूजतयों की चुकौती जनगिम की तारीख के अगले िषि से प्रारंभ करके िस बराबर दकस्ट्तों में करने हते ु
‘कॉल ऑप्िन’ का प्रयोग करेगी।
10. हस्ट्तातं रणीयता और सपं ररितनि
जििेष प्रजतभूजतयां हस्ट्तांतरणीय नहीं होंगी और िब तक सरकार द्वारा अन्यथा जिजनर्ििष् ट न दकया िाए, तब तक दकसी अन् य
रूप म ेंइनके संपररितिन की अनमु जत नहीं होगी।
11. साजं िजधक उपबधं :
ऐसे दकसी मामले के संबंध में, जिसका इस अजधसूचना म ें उल्लखे नहीं दकया गया है, जििेष प्रजतभूजतयां,सरकारी प्रजतभूजत
अजधजनयम, 2006 (2006 का 38) द्वारा अजभिाजसत होंगी।
व्यासन आर., संयुक् त सजचि
NOTIFICATION
New Delhi, the 5th August, 2025
Issue of 7.70% Government of India NSSF (C) (Non-trans) Special Securities, 2035-36
F. No. 5/1/2024-NS-Part(1).—The Government of India, hereby notifies the issue of 7.70 per
cent Government of India NSSF (C) (Non-trans) Special Securities, 2035-36 (hereinafter called “special securities").
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 hereunder 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. Subscription:
Special securities will be issued for an amount of ₹1,00,000 (face value) and in multiples of ₹1,00,000 thereafter.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1]
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 date of credit of special securities to Subsidiary General Ledger
Account of NSSF.
(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 shall bear the interest at the rate of 7.70% (Seven point seven 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 nearest hundred rupees.
9. Repayment:
The Government of India shall exercise the ‘call option’ to redeem the special securities in ten equal instalments starting
from the next year from the date of the 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).
VYASAN R., Jt. Secy.
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and Published by the Controller of Publications, Delhi-110054.