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>> G-Sec for individuals >> How to transact
How to purchase Government Securities :-
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Open a demat account with any Depository Participant of NSDL in case you already do not have a demat account. |
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Contact PNB Gilts Head Office / Branch office as per addresses. |
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Obtain rates for purchase of government security from designated PNB branch/PNB Gilts branch. |
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Decide the government security to be purchased from the rates given as above. |
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Obtain / download application form for purchase of government security from any of the designated branches and submit it duly filled alongwith cheque/DD. |
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Amount for purchase of government security is payable by cheque/DD. Cheque/DD should be made payable to PNB GILTS LTD. and crossed Account Payee. |
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Submit the application form alongwith cheque/DD at the designated branch of PNB/PNB Gilts office and obtain receipt. |
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PNB Gilts would ensure credit of the security to the demat account of the investor. |
How
to sell Government Securities :-
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Contact nearest PNB Gilts Head Office or branch office. |
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Obtain rates for sale of government security. For other queries, contact PNB Gilts Delhi, on 011-23325759/23325779/23736584, Fax 011-23325763/23325751, or email: pnbgilts@del2.vsnl.net.in. |
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Give instructions for debit of your demat account to your Depository Participant. |
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Fill the application form for sale of government security and attach copy of demat debit instruction given to your Depository Participant. |
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Submit application form to the designated PNB Gilts office and obtain receipt. |
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PNB Gilts would remit the money payable by cheque/Demand Draft directly to you as per address mentioned in the form. |
Holding Government Securities
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Government securities can be held by individuals in demat form, in the same manner as they hold shares in a demat account. To be able to purchase a government security an individual must have a demat account with any depository participant of National Securities Depository Ltd. (NSDL). If the individual already has a demat account with any NSDL depository participant for shares, the same account can be used for holding government securities also.
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