RBI will auction government bonds worth Rs 32000 crore, how much profit will be received and who can take part, know the complete process

RBI Bond Auction: If you want to invest safely or are one of those people who do not want to take much stress after investing money, then there is a good news for you. Reserve Bank of India (RBI) is going to auction government bonds worth Rs 32000 crore on Friday i.e. 10th July. According to media reports, these bonds are being auctioned by the Government of India. The special thing is that not only big investors can participate in this bond, but the common man can also show his stake in it.

You can participate in the auction process of these bonds completely online. It is believed that a fixed interest will be given on these bonds, which will be sent to the investors’ account every 6 months.

How and who can buy these bonds?

If you want to buy bonds by participating in RBI Bond Auction, then for this you will have to subscribe to the bond on RBI’s e-Kuber platform on 10th July i.e. today. There will be a non-competitive auction from 10:30 am to 11 am. On the other hand, the bids for Competitive Bids will be held from 10.30 am to 11.30 am. If your bid is approved then you will have to pay it by 13th July.

What will be the account of the bond?

If you want to participate in the bond auction, then it will be important to know some things. The first bond will be of Rs 21000 crore, which will give you an interest of 6.36 percent and its maturity will be on 16 February 2031. At the same time, if we talk about the second bond, it will be of Rs 11000 crore and at an interest rate of 7.71 percent, whose maturity will be kept on May 18, 2066.

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