InvestorQ : How are government securities held?
NISHA Nayak made post

How are government securities held?

vidhya Laxmi answered.
3 years ago

Holding of Government Securities

The Public Debt Office (PDO) of the Reserve Bank of India, Mumbai acts as the registry and central depository for the government securities. Government securities may be held by investors either as physical stock or in dematerialized form. From May 20, 2002, it is mandatory for all the RBI regulated entities to hold and transact in government securities only in dematerialized (SGL) form. Accordingly, the UCBs are required to hold all government securities in demat form.