Clause 24

Government securities issued under this Act shall be redeemable at par on such dates as may be specified in the regulations relating to the issue of the Government securities, after which dates all the interest on the principal sums payable on these Government securities shall cease and determine, whether payment of the principal sums has been demanded or not.

Redemption proceeds of book-entry Government securities shall be disposed of in accordance with the instructions from the depositor for whose account the securities shall have been maintained by the Authority.