Indicative Yield on Coin for Gsec

And for taxation purposes, this too will be considered as income, right?
That’s kind of funny. I received back the so called 1st interest payment a day after my investment, but 30% of it now belongs to the govt!
No wonder why many of the gsecs offered in auctions happen to be close to the interest payment dates.

Hi @ShubhS9 - please confirm, as this might be impacting my available margins.

I think, you will not be liable to pay income tax on accrued interest till purchase/allotment of securities. Only interest for the period you actually held the securities, will be taxable. But I am not tax expert. Following link also says the same.

rest @quicko @Jason_Castelino can clarify.

Agree with what’s in the article. Please do consult a tax expert to file your income tax returns. He will get this done.

Hello @abcd5662/ @jhakkastrader,

Yes, you will not have to pay Income tax for the full interest received by you (i.e. 7100). However, the interest of 443 (interest for your period of holding) will be taxable. When you sell these bonds the acquisition amount shall consist of face value and premium paid on a bond.

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Margin is provided based on previous day’s price which is fetched from the CCIL. This doesn’t change through out the day and won’t affect the margin provided to you for the day.

The LTP on Console is fetched on a real time basis from the exchange. This will change everytime you refresh the holding page.

That’s the whole point. It isn’t working the way you have explained here. The console price for the above mentioned gsec is static at 93.2 for over 2 weeks now, while the bond is consistently trading over 100. Same observation for the 2027 gsec I purchased.

Please have a look at the shared screenshots in the post and help resolving the issue.

Also, last week’s allotment is yet to appear on console. Was expected to be there by yesterday itself.

There’s a lot of issues with gsec treatment on kite and coin. @nithin - fyi, as I recently saw a related tweet of yours, and so many firsts time buyers might make purchases on coin.

I could have made few bucks if allotments had appeared in console on Monday. Don’t know why it is taking so much time. first time gsec purchase has not been credited to Demat on monday. never faced this issue before.

This is because of the holiday on Tuesday. Altoment should happen today.

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We’re investigating this. Will provide an update here soon.

RBI settlement date showing as 07th Nov

Mon, Wed and now Thu also gone.

So the price that Console shows is either the one of NSE or BSE. Since GSECs aren’t liquid on both the exchanges, the difference seem to be huge.

Can you provide us your client ID? These Gsec units weren’t yet credited which is why it wasn’t showing up on Kite. We’ll need to check this.

Again an issue with last week’s allotment. 754GOI2036 visible in kite holdings but not in console. Need to pledge it so please have a look.

Hey @abcd5662, the holding should be showing up on Console now and you can pledge it. We had an issue today where the holdings and buy average for a few of our clients wasn’t updated. We had to redump the holdings data in the morning. Apologies for the inconvenience.

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Still not visible. Have shared the client id with you. Please check

Yes, checking

@nithin @nakul @bhuvan @ShubhS9 @Meher_Smaran

I too had applied for 7.54 GSEC through COIN. Status is being shown as “Allotted” in the COIN. However 754 gsec have not yet been credited to demat till now though they are appearing in Kite but not in console. This has happened for 2nd time with me. Usually gsec are credited to demat on Monday but now that process is not being followed. Tomorrow (23 November 2022) is interest payment date. If gsec are not in my demat account by today, i will not be able to receive interest on it. if any loss is borne by me, zerodha will be solely responsible for it. :rage: :rage:

If these securities are showing up on Kite, that means the credit has already happened in your demat. It wouldn’t be showing up on Console if the credit in your demat was delayed. It will show up on Console from the next day. Check this for more


Thanks @nakul and pardon for my mistake. I didn’t receive any email from CDSL for credit of gsec. CDSL sends emails at the time of any action in DEMAT account. However didn’t receive any email this time. Moreover it was not showing in console so it led me to believe that gsec have not been credited. Now checked CDSL easi and gsec have been credited on 21st november itself, maybe late at night. silly mistake on my part, should have checked DEMAT account also rather than relying on emails.