National Stock Exchange of India Ltd (NSE), India’s leading stock exchange on Monday announced the launch of its new mobile app and web-based platform ‘NSE goBID’ for retail investors to buy Government securities. Ajay Tyagi, Chairman SEBI launched the new App at an event held in Mumbai.
The ‘NSE goBID’ App will be available to all the registered investors with NSE’s trading members and will also facilitate trading members in acquiring new retail investors.
It will allow retail investors to make payment directly from their bank accounts using the Unified Payments Interface (UPI) and internet banking. While retail investors will benefit from a convenient payment option, its cost effectiveness will appeal to Trading Members of NSE as the cost associated for setting-up infrastructure is much lower than the existing platform.