Reserve Bank of India

Government Securities
within your*
easy reach

* Provident Funds, Trusts, Regional Rural Banks, Urban Co-operative Banks, Non-Banking Financial Companies, Hindu Undivided Families and individuals.

Safety
Liquidity
Attractive returns
for longer duration
No TDS

Tax saving under Sec. 80L

First auction on 14th Jan for 15 years G-Secs

Government offers 15 years stock for auction

The Government of India has announced a sale by auction of a new 15 year Government of India Stock for Rs.5,000 crore (nominal). The auction will be held on Monday, January 14, 2002 by the Reserve Bank of India
at Mumbai. The auction will be yield based.

Competitive bids in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Mumbai Office (Public Debt Office), Fort, Mumbai should be submitted as per the normal practice to Mumbai office on January 14, 2002 during banking hours. On the basis of bids received, the Reserve Bank of India will determine the maximum rate of yield at which offers will be accepted. The results of the auction will be announced on January 14, 2002 and payment by successful bidders will be during banking hours on January 15, 2002. The new stock will qualify for the Ready Forward facility.

Individuals and eligible institutions can participate in this auction on a non-competitive basis through a bank or a primary dealer.

The Government has offered this stock upto 5 per cent, i.e., Rs.250 crore of the notified amount of the sale for non-competitive bidding to eligible institutions and individuals*.

The Reserve Bank of India will make firm allotment to individual bidders upto Rs.250 crore of the stock. Non-competitive bidders will get the allotment at the weighted average cutoff yield arrived at in the auction.

For more information, detailed list and telephone numbers of primary dealers, bank branches and application forms please visit www.ncgsecs.rbi.org.in

Safety Liquidity Attractive returns for longer duration No TDS

Government offers 15 years stock for auction

Safety
Liquidity
Attractive returns
for longer duration
No TDS