Retail investors alert! This BSE app will help you gain direct access to govt securities, treasury bills from RBI
Good news to retail investors. The benchmark Bombay Stock Exchange (BSE) has now launched its own mobile app.
In a major good news to retail investors, the benchmark Bombay Stock Exchange (BSE) has now launched its own mobile app which allows investors to participate in the auction of Government securities (G-sec) and Treasury bills (T-bills) conducted by Reserve Bank of India. From February 01, 2019, the app would enable investors to directly participate in auction of G-sec and T-bills without the involvement of a registered trading member of BSE.
Last month, BSE had unveiled ‘BSE-Direct’, an online bidding platform for retail investors to participate in non-competitive bidding of G-sec and T-bills.
This online platform offers 24x7 bidding and enables collection of bids from investors.
Now, trading in T-bills in secondary markets will provide an exit route for investors who have been holding securities in the demat format.
— Zee Business (@ZeeBusiness) January 31, 2019
BSE in its press release said, "While G-secs are a risk -free investment avenue that offer investors the comfort to stay invested for 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."
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.
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