Services

   ・ RBI has permitted corporates/ entities to place funds in the Call/ Notice Money 
　　　market and Bills Rediscounting Market through a Primary Dealer
   ・ Corporates/ entities are required to indicate likely investible surpluses in approved format
   ・ SBI Gilts Limited as a Primary Dealer would forward the request to RBI with its 
      recommendations for grant of permission 

We request corporates/ entities to avail this facility to deploy their short-term surplus 
funds. Please mail us at info@sbigilts.com  for further information. 

RBI has permitted Primary Dealers to open one SGL account exclusively for customers, for transactions in Govt. securities. In a SGL account all investments in Govt. securities are maintained in book entry form at RBI, instead of physical scrips. Transfer of securities between parties will be effected by lodging the SGL transfer form in the prescribed format with RBI.

Advantages of SGL account over physical scrips:

   ・ Interest payments, redemption/ sales proceeds are paid out relatively quickly in comparison to 
       the normal procedure for physical scrips which may take several days.

   ・ Liquidity in the market for Govt. securities in SGL form is markedly higher than that in the 
       physical form. This would also enable the customers to obtain better rates for Govt. securities, 
       implying better return on their investments.

Provident fund trusts operating on large corpus and corporates with investible surplus funds may find such a facility immensely beneficial. We invite you to take advantage of this facility by opening a client SGL account with us. Please contact us at info@sbigilts.com for information about operational procedures and service charges.