SBI DFHI Limited

I am customer of SBI and heard a lot about State Bank of India DFHI Limited want to know more about this company. Will you provide me lists of Services offered by SBI DFHI Limited and also provide me address and contact details of this company?

[Shaleen]

SBI DFHI LTD is a State Bank of India Group Company with impeccable lineage, created out of the merger in 2004 of the two leading players in the domestic Money and Debt Markets.

Services offered:

Govt Securities
State Development Loans
Treasury Bills
Money Market Instruments
Corporate Bond
Mutual Fund Products

About Govt Securities

Government Securities are securities issued by the Government for raising a public loan or as notified in the official Gazette.

Features of Government Securities

Issued at face value
No default risk as the securities carry sovereign guarantee.
Ample liquidity as the investor can sell the security in the secondary market
Interest payment on a half yearly basis on face value
No tax deducted at source
Can be held in Demat form.
Rate of interest and tenor of the security is fixed at the time of issuance and is not subject to change (unless intrinsic to the security like FRBs - Floating Rate Bonds).
Redeemed at face value on maturity
Maturity ranges from of 2-30 years.
Securities qualify as SLR (Statutory Liquidity Ratio) investments (unless otherwise stated).

Address:

State Bank of India DFHI Limited
Voltas House (3rd Floor), 23, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, Maharashtra 400001
Phone:022 2262 5946