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Home >> G-Sec for individuals >> How to transact

 How to transact  


How to purchase Government Securities :-

Open a demat account with any Depository Participant of NSDL in case you already do not have a demat account.
Contact nearest designated PNB branch or PNB Gilts branch office as per addresses.
Obtain rates for purchase of government security from designated PNB branch/PNB Gilts branch.
Decide the government security to be purchased from the rates given as above.
Obtain application form for purchase of government security from any of the designated branches and submit it duly filled alongwith cheque/DD.
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.
Submit the application form alongwith cheque/DD at the designated branch of PNB/PNB Gilts office and obtain receipt.
PNB Gilts would ensure credit of the security to the demat account of the investor.

How to sell Government Securities :-

Contact nearest designated PNB branch or PNB Gilts branch office.
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.
Give instructions for debit of your demat account to your Depository Participant.
Fill the application form for sale of government security and attach copy of demat debit instruction given to your Depository Participant.
Submit application form to the designated PNB branch/PNB Gilts office and obtain receipt.
PNB Gilts would remit the money payable by cheque/Demand Draft directly to you as per address mentioned in the form.

Holding Government Securities :-

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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