The NCB facility was introduced by the Reserve Bank of India (RBI) to encourage retail participation in the primary market for Government securities and SDLs. NSE acts as facilitator in NCB to aggregate the bids received from the retail investors and submits a single bid to RBI. NSE has been offering G-sec and T-bills issued by central government from April 2018 to facilitate retail participation in these securities. Going forward, SDLs will also be offered to retail investors through this facility.

Auction of State Development Loan as per RBI Circular RBI/2019-20/92 IDMD.No.1240/10.18.049/2019-20 dated: November 07, 2019

Auction of Government Securities: Non-Competitive Bidding Facility to retail investors, as per RBI Circular RBI/2017-18/99 IDMD.1080/08.01.001/2017-18, dated : November 23, 2017