| For PMGKY, The effective date of opening of the Bonds Ledger Account shall be the date of receipt of deposits by the Reserve Bank of India from the authorized banks; wherein the due tax, surcharge and penalty has been received till 31st March, 2017;
Provided further that the date of deposit shall in no case be extended beyond 30th April, 2017 Comments: Does not appear to be extension for deposit of bonds under PMGKY for public in general . Only internal instruction requiring banks to deposit PMGKY amount with RBI till 30-4-17. Further effective date which was earlier set at date of tender of cash or the date of realization of draft or cheque or transfer through electronic transfer has been postponed till date of receipt of deposit by RBI. It might result in delaying repayment period for maturity of such bonds.
[Notification dated 19-04-2017] |