G-secs: RBI unveils retail direct scheme

The RBI on Monday announced the unveiling of a scheme under which retail investors will be allowed to open retail direct gilt accounts (RDG) directly with the central bank.

This account can be opened through a dedicated online portal, which will provide registered users access to primary issuance of government securities and to NDS-OM. “The date of commencement of the scheme will be announced at a later date,” the RBI said in a circular.

The scheme is a one-stop solution to facilitate investment in government securities (G-secs) by individual investors, the regulator said. The facility was announced in the Statement of Developmental and Regulatory Policies dated February 5, RBI said.

Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Sep 20, 2021 9:15:28 AM |

Next Story