Current Affairs   »   RBI Launches ‘Retail Direct Scheme’

RBI Launches ‘Retail Direct Scheme’

RBI Launches 'Retail Direct Scheme'_50.1

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 bond-buying window was opened to increase retail participation in G-Secs and democratize ownership of G-Secs beyond the managers of pooled resources such as banks and mutual funds. The date of commencement of the scheme will be announced later.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

 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.
  • Under this scheme, retail investors are able to open and maintain their gilt securities account named ‘Retail Direct Gilt Account’ (RDG Account) through a ‘With RBI’online portal‘.

Important takeaways for all competitive exams:

  • RBI 25th Governor: Shaktikant Das; Headquarters: Mumbai; Founded: 1 April 1935, Kolkata.

Find More Banking News Here

RBI Launches 'Retail Direct Scheme'_60.1

RBI Launches 'Retail Direct Scheme'_70.1

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *