How-to SDL G-Sec

Buy SDL on Zerodha

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State Development Loans (SDL) are debt instruments issued by state governments through the RBI weekly auction window. Zerodha lets retail investors bid via Kite’s G-Sec window.

Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with Zerodha. No affiliate commission is earned from successful completion of the procedure.

Step-by-step procedure

Five steps per the procedure infobox.

How SDL pricing works

SDLs are auctioned at the RBI weekly auction. Yields are determined by demand. Retail bids are non-competitive and accepted at the cut-off yield.

Settlement

  • T+1 settlement.
  • Securities credited to your demat account.
  • Coupon paid semi-annually.
  • Principal repaid at maturity (typically 10 years).

See also

External references

References

  1. RBI, Weekly G-Sec / SDL auction schedule, rbi.org.in.
  2. Zerodha, Government Securities, zerodha.com.

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