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Core Purpose

The Central Government specifies and notifies the issue of 7.70% Government of India NSSF (C) (Non-trans) Special Securities, 2036-37, which shall be non-transferable, under the Government Securities Act, 2006.

Detailed Summary

The Ministry of Finance, Department of Economic Affairs, through two notifications issued on June 16, 2026, under F. No. 5/1/2024-NS-Part(1) and exercising powers conferred by clause (f) of Section 2 of the Government Securities Act, 2006 (38 of 2006), specifies and notifies the issue of 7.70% (Seven-point seven zero percent) Government of India NSSF (C) (Non-trans) Special Securities, 2036-37. These securities are to be issued in FY 2026-27 in the form of 'Stock' held in the Subsidiary General Ledger Account maintained by the Public Debt Office and are explicitly non-transferable and non-convertible unless specified otherwise. The objective is to issue these securities against amounts received by the Government from the National Small Savings Fund (NSSF) within the Public Account of India. The Secretary, Ministry of Finance, Department of Economic Affairs, is eligible to subscribe for NSSF investments. Securities will be issued at par for a face value of ₹1,00,000 and its multiples, with the issue date being the credit date to NSSF's SGL Account at the Public Debt Office, Reserve Bank of India, Nagpur. They have a 10-year tenure from the issue date, bearing 7.70% interest per annum, payable half-yearly at the Public Debt Office, Reserve Bank of India, Nagpur, rounded to the nearest hundred rupees. The Government of India retains a 'call option' for repayment in ten equal instalments starting from the next year after issue. Matters not covered by this notification will be governed by the Government Securities Act, 2006.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-19062026-273647 EXTRAORDINARY PART I-Section 1 PUBLISHED BY AUTHORITY No. 165] NEW DELHI, FRIDAY, JUNE 19, 2026/JYAISTHA 29, 1948 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 16th June, 2026 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 zero percent) Government of India NSSF (C) (Non-trans) Special Securities, 2036-37 shall be issued in FY 2026-27 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. NOTIFICATION New Delhi, the 16th June, 2026 Issue of 7.70% Government of India NSSF (C) (Non-trans) Special Securities, 2036-37 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, 2036-37 (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). VYASAN R., Jt. Secy.

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