Question
RBI Retail Direct Scheme provides Retail investors the
facility to open and maintain the âRetail Direct Gilt Accountâ (RDG Account) with RBI. It was launched in __________.Solution
RBI Retail Direct Scheme Launched on 12 November 2021 Objective: To facilitate investment in Government Securities by individual investors. Features/Scope: Retail investors (individuals) will have the facility to open and maintain the âRetail Direct Gilt Accountâ (RDG Account) with RBI. RDG Account can be opened through an âOnline portalâ provided for the purpose of the scheme. The âOnline portalâ will also give the registered users the following facilities: Access to primary issuance of Government securities Access to NDS-OM. (NDS-OM means RBIâs screen based, anonymous electronic order matching system for trading in Government securities in the secondary market)
'Hydraulic brakes' work on the principle of â
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