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REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-11012025-260158
EXTRAORDINARY
PART I-Section 1
PUBLISHED BY AUTHORITY
No. 10]
NEW DELHI, SATURDAY, JANUARY 11, 2025/PAUSHA 21, 1946
293 GI/2025
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
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,
2034-35 shall be issued in FY 2024-25 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.
ASHISH VACHHANI, Addl. Secy.
NOTIFICATION
New Delhi, the 8th January, 2025
Issue of 7.70% Government of India NSSF (C) (Non-trans) Special Securities, 2034-35
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, 2034-35 (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.
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).
ASHISH VACHHANI, Addl. Secy.