A Guide to Repayment of 9.47% Tamil Nadu SDL 2024 Bonds: What Holders Need to Know, Are you a holder of the 9.47% Tamil Nadu SDL 2024 bonds? If so, it’s essential to stay informed about the upcoming repayment process. Here’s everything you need to know: The repayment date for the 9.47% Tamil Nadu SDL 2024 bonds is March 26, 2024. Be sure to mark this date on your calendar to ensure timely action. This Notification was published on 26.02.2024.
On the repayment date, the outstanding balance of the bonds will be repaid at par along with accrued interest up to March 25, 2024. Note that if March 26, 2024, is declared a holiday by any State Government, repayment will be processed on the previous working day. Holders have the option to receive payment via pay order or direct credit to their bank accounts. To facilitate smooth payment processing, it’s crucial to provide relevant bank account details. Submission of Securities: If you haven’t provided bank account details or mandates for electronic fund receipt, you must submit your securities to the Public Debt Office 20 days in advance. Ensure the securities are duly discharged for repayment. Stock Certificates: If your securities are in the form of Stock Certificates, they should be tendered at the branch of the State Bank of India where treasury work is conducted. Alternate Locations: Holders who wish to receive payment at locations other than where securities are enfaced should send them by Registered and Insured Post to the relevant Public Debt Office. Staying informed about the repayment process ensures a seamless experience for bondholders. If you have any questions or need assistance, don’t hesitate to reach out to the relevant authorities.
