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Re: Sbi dfhi
As you want to know about SBI DFHI Limited, Government Security services here I will gather information. The Government Security services of SBI DFHI are those securities issued by the Government for raising a public loan or as notified in the official Gazette which consist of Government Promissory Notes, Bearer Bonds, Stocks or Bonds held in Bond Ledger Account. Features of Government Securities Issued at face value No default risk as the securities carry sovereign guarantee. Ample liquidity as the investor can sell the security in the secondary market Interest payment on a half yearly basis on face value No tax deducted at source Can be held in Demat form. Rate of interest and tenor of the security is fixed at the time of issuance and is not subject to change (unless intrinsic to the security like FRBs – Floating Rate Bonds). Redeemed at face value on maturity Maturity ranges from of 2-30 years. Securities qualify as SLR (Statutory Liquidity Ratio) investments (unless otherwise stated). Two type of segments Primary Market The Primary Market consists of the issuers of the securities, viz., Central and Sate Government and buyers include Commercial Banks, Primary Dealers, Financial Institutions, Insurance Companies & Co-operative Banks. Secondary Market The Secondary Market includes Commercial banks, Financial Institutions, Insurance Companies, Provident Funds, Trusts, Mutual Funds, Primary Dealers and Reserve Bank of India. Address:- SBI DFHI Limited Voltas House (3rd Floor), 23, J. N. Heredia Marg, Ballard Estate, Mumbai – 400 001. Phone:- 022 33864600 / 022 22625970 |
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