Government Loan Repayment Details Announced for 2026
The government has issued important details regarding the repayment of the outstanding balance on the ‘6.90% OIL MKTG COS GOI SB 2026’ loan. This loan is scheduled to be repaid at par on February 4, 2026, with no interest accruing from that date. In case this repayment day falls on a holiday declared by any State Government under the Negotiable Instruments Act, repayment will occur on the previous working day.
Payment Procedures for Government Securities
According to sub-regulations 24(2) and 24(3) of the Government Securities Regulations, 2007, the maturity proceeds will be paid to the registered holders of Government Securities either via a pay order with specific bank account details or credited directly to their bank accounts using electronic payment methods. To ensure a smooth payment process, holders must provide their banking information well in advance.
Advance Submission for Repayment
For those who do not provide their banking details or mandates for electronic payments, the government is offering an alternative. Holders can submit their securities, duly discharged, at designated Public Debt Offices, Treasuries, Sub-Treasuries, or branches of the State Bank of India where they are registered, 20 days prior to the repayment date. This option ensures that the loan repayment can occur on the due date without any disruptions.
Further Information Available
For additional details on the repayment procedure and to understand the process for receiving the discharge value, holders can visit the aforementioned payment offices. The government encourages all security holders to be proactive in submitting their banking particulars or securities to ensure a seamless repayment process come February 2026.
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