Repayment of 8.25% Maharashtra State Development Loan, 2025

Mumbai, April 11: The Government of Maharashtra will repay the outstanding amount of the 8.25% Maharashtra State Development Loan, 2025, raised earlier through the open market, on May 13, 2025, at par, along with the interest due up to May 12, 2025. This information was shared through a press release by Mrs. Shaila A., Secretary, Finance Department (Financial Reforms).

Under the provisions of the Negotiable Instruments Act, 1881, if the Government of Maharashtra declares a holiday on the said date, the loan repayment will be made on the preceding working day. No interest will be paid on this loan from May 13, 2025, onwards.

As per sub-regulations 24(2) and 24(3) of the Government Securities Regulations, 2007, payment of maturity proceeds of government securities held in the form of a Subsidiary General Ledger (SGL) or Bond Ledger Account (BLA) will be made via electronic means into the holder’s bank account, provided the account is eligible for electronic credit. Payment will be made through a mandate containing relevant bank account details.

For such payment, the original subscriber or subsequent holder of the bonds must submit their bank account details to the bank, treasury, sub-treasury, or the concerned branch of the State Bank of India or its associate banks, where the interest is being credited or registered.

In the absence of such account details or mandate for electronic payment, and to facilitate smooth repayment on the due date, holders of the 8.25% Maharashtra State Development Loan, 2025 should submit their bonds to