Public Debt Office (PDO)

[abhishreshthaa]

The Public Debt Office (PDO) of the RBI undertakes to issue government securities. A notification for the issue of securities is made a few days before the public subscription is open. The opening of subscription depends on the response of the market and varies between two to three days.


The issue is made in a number of branches in order to avoid flooding of securities n the market. If facilitates smooth subscription to securities and helps to avoid sudden liquidity problems in the market.


The offices of RBI and SBI receive applications for the securities. Government reserves the rights to retain over-subscription up to a pre-specified percentage which is normally 10 percent in excess of the notified amount of issue.

 

[jiten005]

The Public Debt Office (PDO) of the RBI undertakes to issue government securities. A notification for the issue of securities is made a few days before the public subscription is open. The opening of subscription depends on the response of the market and varies between two to three days.


The issue is made in a number of branches in order to avoid flooding of securities n the market. If facilitates smooth subscription to securities and helps to avoid sudden liquidity problems in the market.


The offices of RBI and SBI receive applications for the securities. Government reserves the rights to retain over-subscription up to a pre-specified percentage which is normally 10 percent in excess of the notified amount of issue.

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