Description
According to Reserve Bank of India - A Government Security (G-Sec) is a tradeable instrument issued by the Central Government or the State Governments. It acknowledges the Government’s debt obligation. Such securities are short term (usually called treasury bills, with original maturities of less than one year) or long term (usually called Government bonds or dated securities with original maturity of one year or more). In India, the Central Government issues both, treasury bills and bonds or dated securities while the State Governments issue only bonds or dated securities, which are called the State Development Loans (SDLs). G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments. (Source - RBI - https://www.rbi.org.in/commonperson/English/Scripts/FAQs.aspx?Id=711)
Traditionally Government Bond Market has been dominated by Large Institutions like Banks / Mutual Funds / Insurance Companies.
SpotOn takes away the complications of investing in Government Bonds.
Easy 3 Step Process
1. Choose the Tenor
2. Fund your own trading account / RBI Retail Direct Account
3. Place your order
All the orders are executed on either NSE/BSE (Recognized Stock Exchanges) or NDS-OM - CCIL managed platform for settlement in Government Securities.
You never send any money to SpotOn.
Bonds are credited to your demat / RBI RDG account T+1 as per exchange norms.
For our privacy policy, please click here - https://spotonfintech.in/privacy-policy
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SpotOn Fintech simplifies Government Bond investments. Easy 3-step process makes it accessible for all investors. No risk of default.