Now, non-competitive bidding facility in T-Bills for individuals

By: | Published: July 29, 2016 6:08 AM

As per the notification, bills will be issued for a minimum amount of R10,000 and in multiples of R10,000.

It said for retail investors, the allocation will be restricted to a maximum of 5% of the aggregate nominal amount of the issue, within the notified amount as specified by the government, or any other percentage determined by the RBI.It said for retail investors, the allocation will be restricted to a maximum of 5% of the aggregate nominal amount of the issue, within the notified amount as specified by the government, or any other percentage determined by the RBI.

The Reserve Bank of India (RBI) on Thursday said that the government, in consultation with it, has extended the non-competitive bidding facility in Treasury Bills to individuals.

It said for retail investors, the allocation will be restricted to a maximum of 5% of the aggregate nominal amount of the issue, within the notified amount as specified by the government, or any other percentage determined by the RBI.

“With a view to encouraging wider participation and retail holding of Treasury Bills, and in line with the announcement made in the first bi-monthly Monetary Policy Statement 2015-16, the government, in consultation with RBI, has extended the non-competitive bidding facility in Treasury Bills to the individuals,” the central bank said.

As per the notification, bills will be issued for a minimum amount of R10,000 and in multiples of R10,000.

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