New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following Documents is required to open

    and maintain Retail Direct Gilt Account’ (RDG Account) with RBI.
    A Permanent Account Number (PAN) issued by the Income Tax Department; Correct Answer Incorrect Answer
    B Access to primary issuance of Government securities Correct Answer Incorrect Answer
    C Any officially valid document (OVD) for KYC purpose; Correct Answer Incorrect Answer
    D Valid email id Correct Answer Incorrect Answer
    E All of the above 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 ‘Retail Direct Gilt Account’ (RDG Account) with RBI. RDG Account can be opened through an ‘Online portal’ provided for the purpose of the scheme. The ‘Online portal’ will also give the registered users the following facilities: Access to primary issuance of Government securities Access to NDS-OM. (NDS-OM means RBI’s screen based, anonymous electronic order matching system for trading in Government securities in the secondary market) Eligibility: Retail investors, as defined under the scheme, can register under the Scheme and maintain a RDG Account, if they have the following: 1.            Permanent Account Number (PAN) issued by the Income Tax Department; 2.            Access to primary issuance of Government securities 3.            Any officially valid document (OVD) for KYC purpose; 4.            Valid email id; and 5.            Registered mobile number Non-Resident retail investors eligible to invest in Government Securities under Foreign Exchange Management Act, 1999 are eligible under the scheme. The RDG account can be opened singly or jointly with another retail investor who meets the eligibility criteria.

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