How can the eligible investors participate in the auctions?
Eligible investors cannot participate directly. They have to necessarily come through a bank or Primary Dealer (PD) for auction. Each bank or PD will, on the basis of firm orders, submit a single bid for the aggregate amount of non-competitive bids on the day of the auction. The bank or PD will furnish details of individual customers, viz., name, amount, etc. along with the application.
