How can investors in India hold G-Secs?
G-Secs can be held in either of the following forms: Physical Security (which is mostly outdated & not used much) SGL (Subsidiary General Ledger) A/c with the Public Debt Office of the RBI. The SGL A/cs are however restricted only to few entities like the Banks & Institutions. Constituent SGL A/c with Banks or PDs who hold the G-secs on behalf of the investors in their SGL-II A/cs of RBI, meant only for client holdings. Same Demat A/c as is used for equities at the Depositories. NSDL & CDSL will hold them in their SGL-II A/cs of RBI, meant only for client holdings.
G-Secs can be held in either of the following forms: • Physical Security (which is mostly outdated & not used much) • SGL (Subsidiary General Ledger) A/c with the Public Debt Office of the RBI. The SGL A/cs are however restricted only to few entities like the Banks & Institutions. • Constituent SGL A/c with Banks or PDs who hold the G-secs on behalf of the investors in their SGL-II A/cs of RBI, meant only for client holdings. • Same Demat A/c as is used for equities at the Depositories. NSDL & CDSL will hold them in their SGL-II A/cs of RBI, meant only for client holdings.
