Question

RBI Retail Direct Scheme provides Retail investors the facility to open and maintain the ā€˜Retail Direct Gilt Accountā€™ (RDG Account) with RBI. It was launched in __________.

A 2019 Correct Answer Incorrect Answer
B 2020 Correct Answer Incorrect Answer
C 2018 Correct Answer Incorrect Answer
D 2021 Correct Answer Incorrect Answer
E 2022 Correct Answer Incorrect Answer

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 ā€˜Retail Direct Gilt Accountā€™ (RDG Account) with RBI. RDG Account can be opened through an ā€˜Online portalā€™ provided for the purpose of the scheme. The ā€˜Online portalā€™ will also give the registered users the following facilities: Access to primary issuance of Government securities Access to NDS-OM. (NDS-OM means RBIā€™s screen based, anonymous electronic order matching system for trading in Government securities in the secondary market)

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