RBI/2021-2022/124 CO.IDMD.GBD(P).No.S1242/08.01.001/2021-22
November 12, 2021
All Scheduled Commercial Banks All State Co-operative Banks / All Scheduled Primary (Urban) Co-operative Banks / All Financial Institutions / All Primary Dealers/All stock exchanges/ Clearing Corporation of India Ltd
Madam/ Dear Sir,
Auction of Government Securities: Non-Competitive Bidding Facility to retail investors
As part of continuing efforts to increase retail participation in government securities, the ‘RBI Retail Direct’ Scheme to facilitate investment in Government Securities by individual investors was introduced today. Under the scheme, Clearing Corporation of India Limited (CCIL) has been permitted to aggregate the bids received from ‘Retail investor’ in non-competitive segment of primary auctions of Government Securities and Treasury Bills.
2. Accordingly, the updated Scheme for Non-Competitive Bidding Facility in the auctions of Government Securities and Treasury Bills is given in Annex.
Yours faithfully,
(Rajendra Kumar) Chief General Manager
|