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Monday, January 16, 2012

India's first online Retail Government Security Portal launched by IDBI Bank

Retail Investors would have one more investment avenue in the form of Government Securities now. IDBI Bank Ltd. has launched India's first online retail G-Sec Portal. This Portal provides an opportunity for retail investors to invest in Government securities. Government Securities are bonds issued, by Central and State Government

IDBI Bank Ltd. launched the portal with the name "IDBI Samriddhi G-Sec Portal".  This Portal will become operational from January 17, 2012.

"This initiative by IDBI Bank is the first organized effort to channelize retail savings into Government bonds through a dedicated Portal.  Retail investors thus get a rewarding opportunity to participate in the India Growth Story" said Melwyn Rego, the Executive Director of IDBI Bank Ltd.



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