RBI Launches ‘Retail Direct Scheme’ to Allow Retail Investors to buy G-Secs
- The Reserve Bank of India (RBI) has launched ‘the RBI Retail Direct’ scheme for retail investors, through which they can directly buy and sell government securities (G-Secs), both primary and secondary.
- The date of commencement of the scheme will be announced later.
Key highlights of the ‘RBI Retail Direct’ scheme
- The RBI Retail Direct scheme is a one-stop solution to facilitate investment in Government Securities (G-Secs) by individual investors.
- This dedicated bond-buying window is a part of RBI’s effort to increase retail participation in government securities.
- The scheme also provides the facility to Retail investors (individuals) to open and maintain the ‘Retail Direct Gilt Account’ (RDG Account) with RBI.
- RDG Account can be opened through an ‘Online portal’ provided for the purpose of the scheme.
Source: RBI