IDBI starts India's 1st G-Sec facility via ATMs

Posted on:17 Mar 2016 12:45:14
IDBI starts India's 1st G-Sec facility via ATMs
17 March 2016 Current Affairs: IDBI Bank customers can now invest in government bonds through the bank's automated teller machines.This is the first of its kind initiative for retail customers and could popularise debt investment as both the government and the Reserve Bank of India is trying to push retail participation in government bonds, which is negligible currently.IDBI already has a portal for retail investors, where the minimum size for investment is Rs 10,000.The facility of investing in G-Sec through ATM is an extension of Bank's Samriddhi G-Sec Portal to enable retail investors to transact in government securities. The retail customers of the Bank can register, one time, for this facility and invest in G-Sec through any of the Bank's ATMs.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs PDF

Current Affairs November 2017

19 NOVEMBER
NEWS
18 NOVEMBER
NEWS
17 NOVEMBER
NEWS
16 NOVEMBER
NEWS

Current Affairs October 2017

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS

Current Affairs September 2017

30 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS
26 SEPTEMBER
NEWS