Left Menu
Development News Edition

BIZ-NSE- S SEC


National Stock Exchange of India

(NSE) Monday launched a mobile application and web-based

platform for retail investors to buy government securities.

The new app - NSE goBID, was launched by Sebi chairman

Ajay Tyagi.

The platform will allow retail investors to invest in

treasury bills (T-Bills) of 91 days, 182 days and 364 days and

various government bonds from one year to almost 40 years.

"The launch of the app for investing in government

securities is an important milestone at a time when the

country is seeing a surge in digital payments. The retail

participation in government securities only started after Sebi

allowed exchanges to set up non-competitive bidding platforms

by exchanges," Tyagi said.

He said compared to fixed deposit returns offered by

banks, the government bonds are currently offering better

yields, and retail investors should get the opportunity to

earn higher returns.

The 10-year government bond yield is trading at

7.80-7.83 per cent.

He, however, said the participation of retail

investors in the government securities has been low, so far,

and there is a need to increase it through publicising

such platforms.

"We, on a regular basis, will review the progress (of

such platforms) and will try to co-ordinate with exchanges

to improve it further," Tyagi said.

The app will be available to all the registered

investors with NSE's trading members and will also facilitate

members to acquire new retail investors.

It will allow investors to make payments directly from

their bank accounts usingthe unified payments interface (UPI)

and internet banking.

The Union Budget 2016-17 had announced that RBI will

facilitate retail participation in the primary markets through

stock exchanges.

RBI conducts auction of G-sec and T-bills on a weekly

basis where 5 per cent of the notified amount is allotted for

eligible investors under the scheme for non-competitive

bidding facility.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Beware! Maximum cyber criminals eye your personal data

A report of the World Economic Forum revealed that cyber security is increasingly becoming an issue of public security as the majority of cyber criminals are increasingly targetting individual internet users. This requires preventive measur...

WEF 2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...

Videos

Latest News

Lebanon central bank reassures foreign investors about deposits

Lebanons central bank said on Saturday there would be no haircut on deposits at banks due to the countrys financial crisis, responding to concerns voiced by a prominent Arab billionaire about risks to foreign investments there. Emirati busi...

Armenian PM urges gold mine protesters to lift blockade

Armenias prime minister called on Saturday for environmental protesters to end their 18-month-old blockade of a foreign-owned gold mine, saying the protest was not in the national interest. The Amulsar gold mine, which is located in a remot...

Indian women TT team's bid for Tokyo Olympics berth ends

Indian women table tennis teams quest for a Tokyo Olympics berth ended on Saturday after losing to France 2-3 in a play-off match of the qualification tournament here. The Indian womens team had lost to Romania 2-3 in a pre-quarterfinal mat...

UPDATE 3-Iraqi security forces raid protest camps after Sadr supporters withdraw

Iraqi security forces raided Baghdads main protest site at Tahrir Square on Saturday and tried to clear protesters in southern cities, firing tear gas and bullets that wounded more than 30 people, Reuters reporters, and medical sources said...

Give Feedback