8.25% Maharashtra Key Repayment Notice

Mumbai , Dated April 11 : The outstanding amount of 8.25% Maharashtra State Development Loan , 2025 raised by the Government of Maharashtra from the open market in the East will be disbursed on May 13, 2025 , with interest payable till May 12, 2025 , at par. This information is provided by the Finance Department (Financial Reforms) Secretary Smt. Shaila A. Through the press release issued by

As per the Negotiable Instruments Act , 1881, if the State Government declares the above date ( 13th May 2025) as a holiday , this repayment will be made on the preceding working day. No interest will be payable on this loan beyond 13 May 2025 .

As per sub-regulations 24(2) and 24(3) of the Government Securities Regulations , 2007 , the maturity payments of Government securities held in the form of Secondary General Ledger (SGL ) or Letter of Credit Account (BLA ) shall be credited electronically to the bank account of the holder concerned , provided the account is enabled for electronic credit. Payment will be made through an order along with relevant bank statements.

For such payment , the original customers and holders of these securities have to submit their bank account statements to their respective bank , treasury , sub-treasury or branch/associate bank of State Bank of India where interest payment is registered.

In case electronic payment orders or bank statements are not available , to ensure smooth payment on the due date , holders of 8.25% Maharashtra State Development Loan , 2025 must present their bonds at least 20 days in advance to the Public Credit Office with this page remark:

” The principal amount due on the certificate has been received.”

If these bonds are in the form of physical certificates and in places where treasury functions are supervised by State Bank of India or its associate banks , they should be presented at the concerned bank branch and not at the treasury/sub-treasury.

Bond holders who wish to receive payment at any other location other than the pre-designated locations should send their bonds to the concerned Public Credit Office by duly registered and insured post.

The Public Credit Office will make this payment through the withdrawal of money made by any branch of State Bank of India or its associate banks operating as Government Treasury in the State of Maharashtra , as mentioned in the Finance Department release.