The Reserve Bank Of India (RBI) has announced a scheme that will allow retail investors to open retail direct gilt accounts (RDG) directly with the central bank.
Highlights:
In February 2021, the RBI Retail Direct facility was announced as part of ongoing efforts to increase retail participation in .
A “Gilt Account” is an account opened and maintained by an entity or a person for the purpose of holding Government securities.
Goal: To improve the ease of access for retail investors by providing online access to the G-secs market both primary and secondary as well as the ability to open a gilt securities account (Retail Direct’) with the Reserve Bank of India.
The account can be opened through a dedicated online portal that will provide registered users with access to the main issuance of government securities (G-secs) and NDS-OM.