Non-Competitive Bidding platform for Government securities
Government securities are issued through auctions conducted by the Reserve Bank of India (RBI).Bidding in the auction is done through competitive bidding and non-competitive bidding.
Non-competitive bidding was introduced for facilitation of retail investor participation in government securities and T-Bills. It enables medium and small investors to participate in the auction process without taking the price risk in auctions. It means that a person would be able to participate in the auctions of dated government securities without having to quote the yield or price in the bid.
Investing in Government Securities 
NSE offers a mobile app "NSE goBID" and web-based platform for investing in government securities. It is available to all investors registered with Trading Members of NSE. Through NSE's platform retail investors can place order for buying treasury bills (T-Bills) and Government of India (GoI) dated bonds in the primary market. The platform will offer a ready infrastructure to Trading Members of NSE for order collection, payment, refunds, transfer of bonds. However Trading Members may offer their own facility for collecting orders from their investors.
Related Circulars
About Non-Competitive Bidding Platform
As part of the overall strategy of diversifying the investor base for government securities, the Government of India and RBI have been taking various measures to encourage participation of retail investors in G-Sec market including introduction of non-competitive bidding in primary auctions. In continuation of this endeavour, it has been decided to permit specified stock exchanges to act as aggregators/facilitators.
Updated on: 14/05/2019
