Want to invest in government securities? Here is how you can do it!
If you want to buy government securities or G-secs, what better way to do it than buy it on NSE app! The NSE goBID is a mobile app and web platform for investing in government securities in primary market. It provides a facility for eligible retail investors to participate in auction of government securities on noncompetitive basis
If you want to buy government securities or G-secs, what better way to do it than buy it on NSE app! The NSE goBID is a mobile app and web platform for investing in government securities in primary market. It provides a facility for eligible retail investors to participate in auction of government securities on noncompetitive basis. Through this platform investors can invest in Treasury Bills (T-Bills) and GoI Dated Bonds.
How to register on NSE goBID platform?
Eligible retail investors are required to complete one time registration on NSE goBID platform. Investors can select from any two options available for registration:
1. All eligible retail investors (individuals, firms, corporate, trusts etc as specified by RBI) who are clients of NSE trading members (stock brokers) can sign up by selecting their respective trading member. Trading members of NSE are permitted to offer their clients use of goBID platform for placing order. If a trading member is registered on goBID platform his name will be available for selection.
Investors will be required to provide basic details like PAN, demat account details, mobile number and email at time of registration. The account is activated in one business day after e-verification of demat details and client account details with selected trading member.
2. Any resident individual having PAN and demat account can register using this option. Investor must be KYC compliant with updated mobile number and email details at SEBI registered KYC Registration Agency (KRA). Investors can check KYC compliance by visiting any KRA website e.g. https://www.nsekra.com/. The account is activated in one business day after e-verification of demat details.
Investors also need to accept terms and conditions and undertaking that only single bid will be made in auction.
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To know if your accounts is activated login to your account and check the status under ‘My Account’. The login ID will be the PAN. Investor can place bids once the account is activated.
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