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MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 30th March, 2021 Issue of (i) Non-interest bearing (Non-transferable) Special Gol Security, 2031; (ii) Non-interest bearing (Non-transferable) Special Gol Security 2032; (iii) Non-interest beari
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FAQ :
The Government of India is issuing non-interest bearing and non-transferable Special GoI Securities for the years 2031 to 2036.
The securities are notified for issue on March 31, 2021. The actual issue date will be the date of receipt of the subscription amount from eligible banks.
Only public sector banks, as referred to in the annexure to the notification, are eligible to subscribe to these special securities.
No, no other person, including any bank, company, corporation, or any other body, except for the specified public sector banks, is eligible to subscribe.
The special securities will be issued at par for the amount requested in the application by the eligible banks.
The special securities will be issued in the form of 'Stock' and held in the Subsidiary General Ledger Account of the investing public sector bank with the Reserve Bank of India.
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