Can I sell G-Secs, T-Bills, and SDLs in the primary market?
No, you cannot sell Government Securities (G-Secs), Treasury Bills (T-Bills), or State Development Loans (SDLs) in the primary market. The primary market is reserved for the initial issuance of these instruments by the Government of India or state governments.
How the markets work?
- Primary market: Investors can only buy bonds directly when they are newly issued via RBI auctions or exchange platforms like NSE.
- Secondary market: After allotment, these instruments can be sold or traded on the secondary market just like any other listed security.
What if...
| Scenario | Resolution |
|---|
| You wish to sell SDLs after allotment | Sell them in the secondary market via FYERS or any NSE debt segment. |
| You applied in primary and want to exit early | Wait for allotment and sell post-listing in the secondary market. |
If liquidity is a concern, always check the secondary market volume before investing in the primary issue of long-term bonds.
Last updated: 26 Jun 2025
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