Sbi dfhi

I want to know about Government Security services offer by SBI DFHI Limited to customer’s?

[shikha]

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