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Government Securities are securities issued by Central Government to borrow from financial market to meet its fiscal deficit. Securities are issued for short term as well as long term. Short term securities with maturity less than 1 year are called Treasury Bills (T-Bills) while Long term securities with a maturity of one year or more are called Government Bonds or Dated Securities. They are considered as safe investments, as Investors are guaranteed return of both interest and principal, from Government of India.
State Development Loans (SDL) are securities issued through RBI on behalf of State Governments to meet their borrowing requirements and form part of the government securities market. SDLs are issued by State Governments to manage their own finances.
What is Limits for investors bidding amount?
The minimum amount for bidding will be Rs.10,000 (face value) and in multiples in Rs.10,000 thereafter. The maximum amount for a single non-competitive bid only for GOI dated securities should not exceed Rs.2,00,00,000 (face value) per security per auction. For T Bill5% of total issue size is reserved for non-competitive bidding
Who can participate in the Scheme
Any Individuals, firms, companies, corporate bodies, institutions, provident funds, trusts, or any other entity as may be specified by RBI
Are NRIs permitted to invest in government securities and t-bills?
NRIs are permitted to purchase Government dated securities or T bills on repatriation basis and/or Non-Repatriation basis. Purchase can be through funds held in NRE/NRO account. The NRE (PIS) Account is to be used exclusively for purchase or sell capital instruments of a listed Indian company on a r...
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What is commission and is there any contract note format?
The brokerage/commission charges to investors shall as per the scheme for non-competitive bidding facility notified by RBI which is 6 paise per Rs. 100. Since this is primary market, there is no contract note format given by Exchange.
