How to Buy M-Akiba Treasury Bonds Via Pesalink
Pesalink and M-Akiba Treasury bonds
Local investors wishing to invest in M-Akiba, the government issued retail bond, can now enjoy higher transaction limits with PesaLink, the real time interbank money transfer service. To purchase M-Akiba bond via PesaLink, individuals will be required to have registered on NSE MyTrade and follow the M-Akiba Bond Buy process as per the steps below:
What You Need
- Registered with M-Akiba
- Registered with Mobile Banking or online
The Procedure
- Login to your individual bank channel.
- Navigate to PesaLink option.
- Select Send to phone.
- Type 889 as the mobile number (This is the alias number mapped to M-Akiba collection account which is easier to remember than a 14 digit Bank account number)
- Enter Amount.
- Enter reason for payment (For M-Akiba Bond, customers will be required to insert their ID numbers).
CDSC through their nominated Bank will confirm payment receipt and issue corresponding security.
