BSE announces the launch of a mobile app for retail investors to gain direct access in the auction of G-sec and T-bills from February 1st, 2019
Announces trading of T-bills in capital market segment w.e.f February 1st, 2019
Mumbai, February 01, 2019: In its attempt to further the interests of retail investors, BSE, India’s first universal exchange has announced the launch of a mobile app for investors to participate in the auction of Government securities (G-sec) and Treasury bills (T-bills) conducted by Reserve Bank of India. The app, effective from February 1, 2019, would enable investors to directly participate in the auction of G-sec and T-bills without the involvement of a registered trading member of BSE.
Earlier, on December 3rd, 2018, BSE had launched ‘BSE-Direct’, an online bidding platform for retail investors to participate in non- competitive bidding of G-sec and T-bills. The online platform offers a user-friendly interface, allows 24 x 7 bidding and enables collection of bids from investors. Investors who bid through BSE Direct will have a facility to electronically pay from their bank accounts directly to the exchange and will get the securities directly in their demat account post allotment.
The exchange will also enable trading of T-bills in the capital market segment, with effect from February 1, 2019. The trading of T-bills in secondary markets will provide an exit route for investors who have been holding securities in the demat format.
BSE is a premier exchange for investing in G-sec and T-bills in non-competitive bidding. While G-secs are a risk -free investment avenue that offer investors the comfort to stay invested for the long term and generate regular, stable income, the T-bills provide for a safe, liquid instrument, for investors to put in their money on a short-term basis.
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