Today, NSE Launched Online Platform To Buy G-Sec For Retail Investors
NSE launches online platform for retail investors to buy g-sec Mumbai, Nov 19 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.