Retailing of Government Securities - How to Participate
Axis Bank offers retailing of government securities as part of its Treasury services. The participation in the retailing of government securities is open to individuals, HUFs, firms, companies, corporate bodies, institutions, provident funds, trusts and any other entity prescribed by the RBI.
You can get all the details about how to participate in the auction of government securities such as the minimum bid amount, the maximum number of bids you can make, etc.
Eligible investors cannot participate directly. They have to necessarily come through a Bank or Primary Dealer (PD) for auction.
The minimum amount for bidding will be Rs.10,000 (face value) and in multiples in Rs.10,000.
An investor can make only a single bid through any bank or PD under this scheme in each specified auction.
The bank or PD through whom the investor bids will obtain and keep on record an undertaking to the effect that the investor is making only a single bid.