Fixed income
G-Sec
G-Sec nomenclature
G-Sec names like “7.18 GS 2033” follow a standard convention:
| Component | Example | Meaning |
|---|---|---|
| Coupon | 7.18 | Annual coupon rate (paid semi-annually) |
| Type | GS | Government Security (dated) |
| Year | 2033 | Maturity year |
So “7.18 GS 2033” = 7.18% coupon, dated G-Sec, maturing in 2033.
Other types
| Code | Meaning |
|---|---|
| GS | Government Security (dated) |
| GOI | Government of India (alternate) |
| TB or T-Bill | Treasury Bill (zero coupon, short-term) |
| SDL or SDF | State Development Loan |
| FRB | Floating Rate Bond |
| IIB | Inflation-Indexed Bond |
| Sov | Sovereign (umbrella) |
SDL format
SDLs include the state name: “7.30 KA SDL 2034” = 7.30% coupon, Karnataka SDL, 2034 maturity.
Multiple G-Secs with same coupon
If multiple G-Secs share the same coupon and similar maturity, dates differentiate them (e.g., “7.18 GS 2033 Aug” vs “7.18 GS 2033 Oct”).
See also
- Government Securities (G-Secs) on Zerodha
- Buy G-Sec on Zerodha
- Buy T-Bills on Zerodha
- Buy SDL on Zerodha
- SDL vs T-Bills vs G-Secs comparison
- Indicative yield on G-Secs
- Calculate G-Sec returns
- G-Sec bid cut-off times
- Allotment time for SDL/T-bills/G-secs
- G-Sec taxes on Zerodha
- Charges for G-Sec on Zerodha
- Maturity event for G-Secs
- Interest payment schedule for G-Secs
- Interest credit for G-Secs
- Exit G-Sec before maturity
- Edit / delete G-sec order on Kite
- Money debited greater than allotment
- Allotted G-Secs not visible
- T-bill allotment less than Rs 100 face value
- Dirty price vs clean price buy average
- G-Sec P&L on Console
- Reserve blocked basis for G-Sec
- CDSL SMS for T-bill maturity
- SDL/T-bill/G-Sec issuance calendar
- NRI G-Sec investment via Zerodha
- Zerodha bonds platform
- Corporate bonds on Zerodha
- Reserve Bank of India
- Zerodha
External references
References
- RBI, Government Securities Market Primer, rbi.org.in.
- NSE, Retail debt segment, nseindia.com.