Daily Current Affairs on RBI Launches ‘Retail Direct Scheme’ to Allow Retail Investors to buy G-Secs for Combined Bank PO and Clerical Exams Preparation

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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.

‘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.

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