uTrade AlgosInvesting in T-bills through Share India is a straightforward and secure process. T-bills are a great way to invest in government-backed securities. Share India makes it easy for both individual and non-individual investors to purchase these short-term debt instruments.
Step-by-Step Guide to Buying T-bills from Share India
RBI holds T-bill auctions every week. You can check the auction notifications issued by the RBI here, You can place bids for T-bills once a week, specifically on Tuesdays before 2:00 PM.
To place your bid for a T-bill with Share India, follow these steps:
Step 1: Access the T-bill form at Share India:
Get access to the Share India T-bill application form using the link.
Step 2: Complete the T-bills Form
Select whether you are an individual or a non-individual investor and fill in the following details:
- Name (as per records)
- UCC Code (Unique Client Code assigned to you by Share India)
- Registered mobile number
- Investment amount
- Investment tenure (91-day, 182-day, or 364-day)
Ensure that there are sufficient funds in your account before placing a bid, as cash funds must be available in your account at the time of bidding. If funds are not available, your request will be treated as null and void. Also, you can only request for T-bills up to 90% of the amount available.
Double-check all the information you’ve entered and read all the terms and conditions carefully. Once verified, click on the submit button to confirm your bid.
Step 3: Await Auction Results
After submitting your request, wait for the full auction results and the cut-off yield. You can check the auction results issued by RBI.
If your bid is successful, you will be allotted T-bills. T-bills will be settled and reflected in your account by Thursday evening of the same week. On Friday, after the T-bills have been credited to your Demat account, you can pledge them as collateral.
Important Things to Remember:
- For quicker processing, it’s advisable to apply on Tuesday. This ensures the transaction is completed within the same week.
- A haircut (a percentage deduction) may be charged on T-bills as per the exchange rules.
Need help? Reach out to our support team at 18002030303 or support@shareindia.com.
Buying T-bills through Share India is a secure, and cost-effective way to invest in government-backed securities. You can start investing in T-bills and store them in an affordable, safe, and digital space. Open your Demat account here and start your investment journey now!