Why bank fixed deposits make better sense than buying T-bills, G-secs

Retail investors have stayed away from G-secs due to lack of secondary market

In her Budget speech, the Finance Minister Nirmala Sitharaman said that the government wants to get retail investors to put money in treasury bills (T-bills) and government securities (G-secs). But the government has a long way to go to make them a preferred choice of instrument for retail investors.

The stock exchanges — BSE and the National Stock Exchange (NSE) — already allow small investors to participate in the Reserve Bank of India (RBI) securities auctions through their BSE Direct and NSE goBID, respectively. 

Unlike institutional investors, the central bank offers non-competitive bidding.  Under the scheme, investors can apply for