No fee will be charged for opening and managing a ‘Retail Direct Gilt Account’ with the Reserve Bank. However, the registered investors will have to pay a fee for the payment gateway.
Reserve Bank of India
Reserve Bank of India announced the ‘RBI Retail Direct’ scheme. Through this, individual investors will get the facility of investing in government securities from one place. No fee will be charged for opening and managing a ‘Retail Direct Gilt Account’ with the Reserve Bank. However, the registered investors will have to pay a fee for the payment gateway.
In an effort to increase retail participation in government securities, ‘The RBI Retail Direct Facility’ was announced on February 2021. It aims to improve access to government securities through online access for retail investors. It includes both primary and secondary markets.
can open account online
Apart from this, they will also be given the facility to open a gilt security account with the Reserve Bank. The central bank said that retail investors can open a Retail Direct Gilt Account (RDG Account) with the Reserve Bank. This account can be opened through the online portal provided for this scheme.
can invest in
This online portal will provide registered users access to NDS-OM in addition to the primary issue of Government securities. NDS-OM refers to RBI’s screen based electronic order matching system for trading in Government securities in the secondary market.
The Reserve Bank of India (RBI) Retail Direct scheme has been designed as a one-stop solution to facilitate investment in government securities by individual investors, the central bank said.
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