IDBI Bank today launched the country’s first online G-Sec portal ‘Samriddi’ to enable retailers to purchase government bonds and securities for high yield. Pursuant to RBI’s desire that government bonds and securities should be made a popular mode of investment for retailers, the bank has taken the lead and launched the Samriddhi G-Sec portal for the purpose. A retailer can log on to the portal and register with it for online purchase of government bonds and securities for high annualized yield. Observing that retail investors’ participation in government bonds and securities were much lower in India than countries like Japan, Mexico and Argentina, he said IDBI Bank will launch a series of awareness programmes to attract the retail investors.
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