The initial deposit for a Government Securities Settlement Platform (GSSP) account varies depending on the financial institution and the type of security being traded. Typically, banks or brokers require a minimum deposit ranging from ₹10,000 to ₹25,000 for retail investors. Institutional investors may face higher thresholds.
This deposit acts as collateral or margin to facilitate transactions. Exact requirements can be confirmed by contacting your designated bank or broker. GSSP accounts are used for trading government bonds, treasury bills, and other securities, ensuring secure and efficient settlements through RBI-approved platforms.
