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 the WebNotes Editorial Team for informational purposes and is written independently. WebNotes operates a Zerodha account-opening referral programme, disclosed on the pages that carry the referral link; this guide does not carry it and earns no referral commission from the procedure described here.

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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