IDBI Bank launches retail G-Sec portal

IDBI Bank on Monday launched the country's first online retail G-Sec Portal — IDBI Samriddhi G-Sec Portal. This portal provides an opportunity for retail investors to invest in Government securities (bonds) issued, both by Central and State Governments. 

The portal will become operational from January 17, 2012. Mr Melwyn Rego, Executive Director, IDBI Bank, said, “Retail investors having access to the Internet and a Demat account can freely buy and sell government bonds at the click of a button through IDBI Bank's Web site.”