NSE unveils app to purchase Govt securities

The ‘NSE goBID’ App will be available to all the registered investors with NSE’s trading members and will also facilitate trading members in acquiring new retail investors. It will allow retail investors to make payment directly from their bank accounts using the Unified Payments Interface (UPI) and internet banking. While retail investors will benefit from a convenient payment option, its cost effectiveness will appeal to Trading Members of NSE as the cost associated for setting-up infrastructure is much lower than the existing platform. The ‘NSE goBID’ platform will handle order collection, payment and refund that is currently required to be managed by Trading Members. Through this app, retail investors can 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. Investment can be done almost every week after a one-time registration.

Ajay Tyagi, Chairman, SEBI, said “The retail participation in government securities only started after SEBI allowed exchanges to set up non-competitive bidding platforms by exchanges.”