Question
Which of the following Schemes allows the retail
investors to Open & maintain retail Gilt account with RBI?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 āRetail Direct Gilt Accountā (RDG Account) with RBI. RDG Account can be opened through an āOnline portalā provided for the purpose of the scheme. The āOnline portalā will also give the registered users the following facilities: Access to primary issuance of Government securities Access to NDS-OM. (NDS-OM means RBIās screen based, anonymous electronic order matching system for trading in Government securities in the secondary market)
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