uTrade AlgosYes, both individuals and non-individuals can invest in T-bills through Share India. The process for both the investors is the same. Make sure you have an active Demat account with Share India and follow the steps to place your bid for T-bills through Share India.
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)
- 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.