Invest in government securities with NSE's goBID app - know full process here!

Government of India securities are issued by the primary market through auctions conducted by the Reserve Bank of India (RBI). An investor, depending upon the eligibility, may bid in an auction under Competitive Bidding or Non-Competitive Bidding. The interested individuals who are looking for investment can invest in government securities via the NSE has made it easier with its goBID app.

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"Using the goBID app is easy and efficient! Here's a step-by-step run-through to help you get started. Download today! #NSE #GoBID #EasyInvestment #Investment #StockMarket #GSec #Government #Securities," NSE tweeted from its official Twitter handle.

Using the goBID app is easy and efficient! Here's a step-by-step run-through to help you get started. Download today! #NSE #GoBID #EasyInvestment #Investment #StockMarket #GSec #Government #Securities pic.twitter.com/GFqbH5isVF

— NSEIndia (@NSEIndia) January 18, 2022

The institutional investors like banks, financial institutions, primary dealers, mutual funds and insurance companies are generally eligible to make competitive bids.

How to register on goBID?  

In order to invest in government securities, the interested investors can login to the NSE goBID app for registration. For registration, one has to remember certain important points. They are as follows:

1) To register on this portal, trading members should log-in from their existing Admin user of e-IPO platform

2) Then go to 'Misc > NCB Direct Investor' tab and accept terms and conditions

3) Retail investors of only registered trading members will be able to use the mobile app/web-based platforms

4) Registered trading members will be responsible for bids entered by their investors and also entitled for any incentives circular issued by Exchange/Clearing Corporation from time to time

How to invest?

Now, in order to invest in government securities, an individual will have to follow some simple steps. They are as follows:

Step 1: In the first place, an investor will have to sign up and register on the NSE goBID platform

Step 2: Then one can place a bid - One has to select T-Bill/Bond available for subscription

Step 3: Now, one needs to make online payment from bank account which is linked to the demat account

Step 4: Finally, one will receive the bonds directly in the demat account andrefund if any in bank account

In case of any further queries, the interested individuals can login to the official NSE website at nseindia.com.