Advantages of Opening a GILT Account

Treasury bills and Government Securities are maintained in a scripless or demat form.
Expeditious transactions can be undertaken.
It obviates the necessity for physical movement of scrips.
The government securities are transferred to Gilt Account on the settlement day.
Reduces counterparty risk due to speedy settlement.
Collection and payment of maturity proceeds and interest is faster as the interest and maturity proceeds would be collected by the Primary Dealer, and paid to the Gilt account Holder.
Reduces administrative burdens for the gilt account holder.
Option of conversion into physical scrips when required is available to the gilt account holder.
No registration of security required with Public Debt Office of RBI.