Tamil Nadu to Repay 8.29% SDL 2025 Bonds on July 29

FINANCE DEPARTMENT – PRESS RELEASE

It is hereby notified for general information that the outstanding balance of 8.29% Tamil Nadu State Development Loan (SDL), 2025, issued under Government of Tamil Nadu Finance Department Notification No. 292(L)/W&M-II/2015 dated July 24, 2015, will be repaid at par on July 29, 2025, along with interest accrued up to and including July 28, 2025.

In case July 29, 2025, is declared a holiday under the Negotiable Instruments Act, 1881 by any State Government, the repayment will be made on the preceding working day in that State. No interest will accrue on the loan from and after July 29, 2025.

As per sub-regulations 24(2) and 24(3) of the Government Securities Regulations, 2007, maturity proceeds for Government Securities held in the Subsidiary General Ledger (SGL), Constituent Subsidiary General Ledger (CSGL), or in the form of Stock Certificates shall be paid via pay order with relevant bank account details or through electronic credit. Subscribers or subsequent holders must submit their bank account particulars to the Bank, Treasury, Sub-Treasury, or concerned branch of the State Bank of India (SBI) where the securities are registered for interest payments.

If such bank details are unavailable, to ensure timely repayment, holders of 8.29% Tamil Nadu SDL 2025 should tender their securities at the Public Debt Office (PDO) at least 20 days in advance, duly discharged on the reverse side as follows:
“Received the Principal due on the Certificate.”

It is important to note that in places where treasury work is carried out by an SBI branch, Stock Certificates should be submitted directly to the respective SBI branch and not to the Treasury or Sub-Treasury office.

Holders wishing to receive payment at locations other than those where their securities are registered for payment should send their securities, duly discharged, to the relevant PDO by Registered and Insured Post. The PDO will issue a draft payable at any Treasury, Sub-Treasury, or SBI branch handling Government treasury operations within Tamil Nadu.

(Sd/-)
Principal Secretary to Government
Finance Department, Chennai-9

Issued by: Directorate of Information and Public Relations (DIPR), Secretariat, Chennai – 9