Want to place bids on NSE’s goBid application? Know here how to do it!

Do you know how to place a bid on NSE’s goBID application? Here is how you can do it. 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 non-competitive basis. Through this platform investors can invest in Treasury Bills (T-Bills) and GoI Dated Bonds. 

Know how to place bids on NSE goBID here 

1. List of securities available for subscription shall be displayed on dashboard with bidding date, bidding time and price payable per security. Investor can invest in multiple securities available in auction but should select only one security at a time for placing an order. 
2. The minimum amount for bidding will be 100 bonds which is Rs 10,000 (face value) and in multiples in Rs 10,000. The maximum amount for a single non-competitive bid only for the auctions of GOI dated securities should not exceed Rs 2 cr (20,000,000 (face value)) per security per auction. Maximum amount for T-Bills is 5 per cent of the notified amount. 
3. Under this scheme, the investor are allowed to make only a single bid per security in each specified auction. For this investor is required to submit onetime e-undertaking at time of registration on NSE goBID. 
4. Investors are required to make an upfront payment at time of placing the order. Price payable per security is displayed on the dashboard. If price payable per security is say Rs 97, and investment amount is Rs 10,000 then amount payable is Rs.9700 (Bid Amount/Face Value X Price or Rs.10000/Rs.100 X Rs.97) . 

Know how to make payments: 

Investor can make online payment using internet banking, UPI or through a payment payment gateway. Payments can be made only through the bank account linked with the demat account.

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In case of unsuccessful payments due to technical reasons, if payment is debited from bank account then investors will get refund from the third party payment gateway.