Home India Ministry of Finance Notification of Securities by GoI to NSF in respect of inves...
Date: 2025-08-26 Category: Extra Ordinary State: Union Government Country: India

Notification of Securities by GoI to NSF in respect of investment made in 2025 26

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary: This notification from the Ministry of Finance announces the issuance of 7.70% Government of India NSSF R Nontrans Special Securities, 203536, to be held in the Subsidiary General Ledger Account. These securities are non-transferable and will be issued 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. The date of issue will be the date of credit of special securities to Subsidiary General Ledger Account of NSSF. Key Points / Main Content: * **Issuance Details:** * Securities: 7.70% Government of India NSSF R Nontrans Special Securities, 203536. * Form: 'Stock' held in Subsidiary General Ledger Account. * Non-transferable. * Face Value: Issued for an amount of ₹1,00,000 face value and in multiples of ₹1,00,000 thereafter. * **Eligibility and Subscription:** * Eligible Subscriber: Secretary, Government of India, Ministry of Finance, Department of Economic Affairs, on behalf of NSSF. * Subscription against the amount received in the NSSF on account of redemption of special securities issued against shares of net small savings collection from 1.4.1999. * **Issue Terms:** * Issue Price: At par. * Issue Location: Public Debt Office, Reserve Bank of India, Nagpur. * Date of Issue: Date of credit to Subsidiary General Ledger Account of NSSF. * **Tenure and Repayment:** * Tenure: 10 years from the date of issue. * Repayment: At par in FY 203536. * **Interest:** * Interest Rate: 7.70% per annum. * Payment Frequency: Half-yearly. * Payable at: Public Debt Office, Reserve Bank of India, Nagpur. * **Call/Put Options:** * Call and put options are available after two years as per F.No.42WM2018, dated 27th March, 2018. * The government has the discretion to exercise call option to prematurely redeem the special securities wholly or partly at par, after two years. * The holder of the Special Securities shall have the discretion to exercise put option, for premature redemption of the special securities, wholly or partly at par, after two years. * **Governing Provisions:** * Governed by the Government Securities Act, 2006 (38 of 2006) for matters not specified in the notification. Impact Analysis: National Small Savings Fund (NSSF): * Impact: NSSF will receive special securities against the amount received on account of redemption of existing special government securities. * Action Required: To manage the newly issued special securities within its portfolio, accounting for the tenure, interest payments, and call/put options. Reserve Bank of India (RBI), Public Debt Office, Nagpur: * Impact: Manages the issuance and maintenance of the special securities. * Action Required: To issue the special securities in the form of 'Stock' to be held at the credit of the holder in the Subsidiary General Ledger Account, handle interest payments, and manage any premature redemptions. Central Government, Ministry of Finance, Department of Economic Affairs: * Impact: Issuance of special securities impacts the Government debt portfolio and fiscal management. * Action Required: Monitor the special securities, manage call options, and ensure compliance with the Government Securities Act, 2006.

Key Entities Referenced

Government Securities Act, 2006: An act of the Indian Parliament governing government securities. Ministry of Finance, Department of Economic Affairs: A department within the Ministry of Finance of the Government of India. 7.70 Government of India NSSF R Nontrans Special Securities, 203536: Special securities issued by the Government of India with a 7.70% interest rate, maturing in the financial year 2035-36. National Small Savings Fund (NSSF): A fund managed by the Government of India for pooling savings from various small savings schemes. Public Debt Office, Reserve Bank of India, Nagpur: The office of the Reserve Bank of India in Nagpur responsible for managing public debt. New Delhi: Capital of India VYASAN R.: Joint Secretary in the Ministry of Finance, Department of Economic Affairs. General Notification, F.No.42WM2018, dated 27th March, 2018: A notification specifying call and put option for special securities
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एxलx.x-GअID.-H2x6xx0 82025-265713 CG-DLxx-xEG-I2D6E0x8x2x0 25-265713 असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 228] नई दिल्ली, मगं लिार, अगस्ट्त 26, 2025/भाद्र 4, 1947 No. 228] 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 (आर) (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 5688 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 (R) (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) (आर) (अहस्ट्त ातं रणीय) जििषे प्रजतभजू त, 2035-36 का जनगमि फा. स.ं 5/1/2024-एनएस-भाग(1). —भारत सरकार, एति ् द्वारा 7.70 प्रजतित भारत सरकार (राष्र ीय लघ ु बचत जनजध) (अहस्ट् तातं रणीय) जििेष प्रजतभूजतयां, 2035-36 (इसमें इसके पश्चात इस े “जििषे प्रजतभूजत” कहा गया ह)ै का जनगिम अजधसूजचत करती ह।ै 2. उद्देश्य: केंद्रीय सरकार 1.4.1999 स े जनिल लघ ु बचत एकत्रण के िये रों के जिरुद्ध िारी भारत सरकार और राज्य सरकार की प्रजतभूजतयों की ऋण मुजि के कारण राष्ट्रीय लघ ुबचत जनजध (एनएसएसएफ) म ेंप्राप्त राजि पर इसमें इसके पश्चात अजधसूजचत जििेष प्रजतभूजत का जनगिम करेगी। 3. जििषे प्रजतभजू तयों म ेंअजभिान के जलए पात्रता: सजचि, भारत सरकार, जित् त मत्रं ालय, आर्थिक कायि जिभाग, एनएसएसएफ की ओर से जििेष प्रजतभूजतयों म ें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 गणु कों म ेंिारी की िाएगी। 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 प्रजतभूजतयां िारी करन ेकी तारीख भारत सरकार के सहायक सामान्य बही खात े में जििेष प्रजतभूजतयों के िमा होने की तारीख होगी। (iii) जििेष प्रजतभूजतयां, लोक ॠण कायािलय, भारतीय ररििि बैंक, नागपुर में िारी की िाएंगी। 7. अिजध: जििेष प्रजतभूजतयों की अिजध जनगिम की तारीख स े 10 िष ि होगी। 8. मागं और जिक्रय जिकल्प: i. जििेष प्रजतभूजतयों में, इस जिभाग की फाइल संख्या 4(2)-डब्लल्यूएडं एम/2018, तारीख 27 माच,ि 2018 द्वारा िारी सामान्य अजधसूचना के परै ा 7.5 में यथाजिजनर्ििष्ट मांग और जिक्रय का जिकल्प होगा। ii. भारत सरकार के पास िो िष िके पश्चात जििेष प्रजतभूजतयों के सममूल्य पर पूण िअथिा आंजिक पररपक्वतापूिि मोचन करने के जलए “मागं जिकल्प” िने े की जििेकाधीन िजि होगी। उस जस्ट्थजत में, जििेष प्रजतभूजतयों पर सरकार द्वारा जनणीत पररपक्वतापूि िमोचन की तारीख स ेमोजचत जििेष प्रजतभूजतयों पर ब्लयाि प्रोद्भूत होना समाप्त हो िाएगा। iii. जििेष प्रजतभूजतयों के धारक अथाित् राष्ट्रीय लघ ुबचत जनजध के पास िो िष िके पश्चात जििेष प्रजतभूजतयों के सममूल्य पर पूणि अथिा आंजिक पररपक्वतापूिि मोचन हते ु "जिक्रय जिकल्प" का प्रयोग करने के जलए जििेकाधीन िजि होगी। उस जस्ट्थजत में, जििेष प्रजतभूजतयों पर पररपक्वतापूि ि मोचन की तारीख से मोजचत जििेष प्रजतभूजतयों पर ब्लयाि प्रोद्भूत होना समाप्त हो िाएगा। 9. ब्लय ाि (i) जििेष प्रजतभूजतयों पर 7.70% (सात ििमलि सात िून्य प्रजतित) प्रजत िष ि ब्ल याि लगगे ा िो जििेष प्रजतभूजतयों के जनगिम की तारीख स े िरूु करके अधि-िार्षिक आधार पर िेय होगा। प्रजतभूजतयों पर ब्ल याि लोक ऋण कायािलय (अथाित जनगिम कायािलय), भारतीय ररििि बैंक, नागपुर म ेंिेय होगा। (ii) ब्ल याि जनकटतम सौ रुपए के पणू ाांकन के बाि संिेय होगा। 10. चकु ौती: जििेष प्रजतभूजतयों की चुकौती ऊपर पैरा-8 के अंतगित जिजनर्ििष्ट ितों के अध्यधीन सममूल्य पर िस िषों के पश्चात अथाति जित्त िषि 2035-36 म ेंजनगिम की उसी तारीख पर होगी। 11. 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। 12. साजं िजधक उपबधं : ऐसे दकसी मामले के संबंध में, जिसका इस अजधसूचना म ें उल्लखे नहीं दकया गया ह,ै जििेष प्रजतभूजतयां,सरकारी प्रजतभूजत अजधजनयम, 2006 (2006 का 38) द्वारा अजभिाजसत होंगी। व्यासन आर., संयुक् त सजचि4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] NOTIFICATION New Delhi, the 5th August, 2025 Issue of 7.70% Government of India NSSF (R) (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 (R) (Non-trans) Special Securities, 2035-36 (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 ₹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 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. 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 vide this Department’s F.No.4(2)-W&M/2018, dated 27th March, 2018. 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 of 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, 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 of premature redemption. 9. Interest: i. The special securities bear interest at the rate of 7.70% (Seven point seven per cent.) per annum payable on half-yearly basis. 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. 10. Repayment: The special securities shall be repaid at par after ten years i.e. in FY 2035-36 on the same day of issue subject to the terms specified under paragraph 8 herein above. 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). VYASAN R., 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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