CIN : L74899DL1996PLC077120
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  title  PNB Gilts Money investment

For investment in Bank CDs (Certificates of Deposit), Corporate CPs (Commercial Papers) and Corporate Bonds, investors may please contact us .


Eligibility :


Individual , Corporates, Regional Rural Banks, Co-operative Banks,Provident Funds, Pension Funds, Gratuity Funds, Firms, Partnership firms, Trusts, Insurance Companies, Mutual Funds, Banks


Pre-requisites :


Investor must have Demat Account


Types of securities :


a) Certificate of Deposit :


CD is a short term security (7 days to 365 days) issued by a commercial bank at a discount to the face value. Invest in CDs starting from a minimum of 5 crores (face value)
Advantages

- Normally higher return as compared to bank FDR.

- rated by approved rating agencies (e.g. CARE, ICRA, CRISIL, FITCH)

- can be traded in the secondary market, depending upon demand.

Disadvantages - No interim redemption can be sought from the Bank

b) Commercial paper :


CP is a short term security (7 days to 365 days) issued by a corporate entity (other than a bank), at a discount to the face value. Invest in CPs starting from a minimum of 5 crores(face value).
Advantages

- higher return than fixed deposits & CDs

- rated by approved rating agencies (e.g. CARE, ICRA, CRISIL, FITCH).

- PNB Gilts Ltd deals in investment grade scrips only

- traded in the secondary market, depending upon demand

Disadvantages

- may become illiquid

- may be required to be held till maturity

- credit risk is attached

- an unsecured instrument not backed by any assets .


c) Corporate Bonds :


Corporate bonds are issued by public sector undertakings and private corporations for a wide range of tenors ranging from 3-15 years. Invest in Corporate Bonds starting from a minimum of 10 lacs(face value).
Advantages

- offer higher returns than Government Securities, fixed deposits, CD's & CP's.

- bonds are rated by approved rating agencies (e.g. CARE, ICRA, CRISIL, FITCH).

- PNB Gilts Ltd deals in investment grade scrips only

- Provide investors with a steady income stream.

- can lock-in high rates for a long period of time( 3-15 years).

- Secondary market trading is possible, depending upon demand.

Disadvantages

- are generally unsecured and therefore have an element of credit risk.

- All Corporate bonds are not actively traded

- While interest rate is generally fixed, all debt securities are subject to market risk.


PNB Gilts Ltd is in the market for purchase and sale of CPs , CDs and Corporate Bonds .In case investors intending to sale / purchase of these instruments (minimum order size Rs 2,00,000/-), please contact any of our Offices on the contact details furnished in the Contact Us section of this site.


Transactions in Corporate Bonds have to be settled through the National Securities Clearing Corporation Ltd. (NSCCL) or Indian Clearing Corporation Ltd. (ICCL), as per RBI regulations to eliminate settlement risk.


For those having demat account, the G-Sec will be credited on conversion from SGL format which may take a few days.


* Conditions apply


- Please enclose self-attested photocopies of the documents listed at the end of the form.
- Please fill up the form as required by Clearing House (NSCCL or ICCL) incase of corporate bonds.
- Contact any of our Branches with the above forms, enclosures and originals for verification.
- Submit the duly verified and attested forms to our Corporate Office, New Delhi or any of PNB gilts Ltd branches.
- Kindly fill up the order form available on this site and submit to to our Corporate Office, New Delhi or any of PNB gilts Ltd branches.
- We shall contact you for discussion and confirmation of the price.
- The price would be on the face value. But the transaction will include the accrued interest till date of the transaction, and the total amount to be paid will be called the transaction amount / consideration.
- Once the price is mutually agreed, we would exchange a deal note confirming the price agreed upon and the transaction amount.
- On receipt of your confirmation, we will advise the transaction to the Clearing House (for corporate bonds) for putting through the transaction.
- On the settlement day, WeI will send the money / securities to /Clearing House and you would have to send the securities / money to the L /Clearing House to facilitate settlement.
- In case you are buying, you can send the funds to us / Clearing House through RTGS quoting the deal number with us.
- In case of sale to us, you have to advise your Depository Participant to send the securities to us /Clearing House, quoting the deal number with us.
- Kindly verify receipt of the securities / funds on the settlement day.