NSE launches mobile app, web platform for retail investors to buy G-Secs

Coimbatore, Nov 19: National Stock Exchange of India has announced the launch of its new mobile app and web-based platform ‘NSE goBID’ for retail investors to buy ‘Government Securities’ (G-Secs).
The ‘NSE goBID’ app will be available to all the registered investors with NSE’s trading members and will also facilitate trading members in acquiring new retail investors.
It will allow retail investors to make payment directly from their bank accounts using the ‘Unified Payments Interface (UPI)’ and internet banking.
“While retail investors will benefit from a convenient payment option, its cost effectiveness will appeal to trading members of the NSE as the cost associated for setting-up infrastructure is much lower than the existing platform,” the NSE said.
The ‘NSE goBID’ platform will handle order collection, payment and refund that is currently required to be managed by trading members. Through this app, retail investors can invest in treasury bills (T-Bills) of 91 days, 182 days and 364 days and various government bonds from one-year to almost 40 years.
Investment can be done almost every week after a one-time registration. “The launch of ‘NSE goBID,’ a web/mobile app for investing in government securities, is an important milestone at a time when India is seeing surge in digital payments,” said Ajay Tyagi, chairman, SEBI (Securities and Exchange Board of India) after launching the app in Mumbai on Monday.
“It is necessary to extend this technology for improving the penetration of the capital markets. The retail participation in government securities only started after SEBI allowed exchanges to set up non-competitive bidding platforms by exchanges,” he said.
“Investments in government securities are one of the safer investment options available to retail investors. Government securities are credit risk-free instruments, provide portfolio diversification and are available for longer investment durations,” NSE stated.
“Retail participation in the government securities market will help in broad basing government borrowing program,” it said. Retail participants will gain familiarity with fixed income products which could help in increasing participation levels in corporate bond market also,” the stock exchange said.