G-Secs: Investors can now buy and sell government bonds on RBI's retail direct app; here's how

livemint.com:

Retail investors can now buy and sell government securities using the RBI retail direct app on their smartphones. It is noteworthy to mention that the RBI rolled out a retaildirect portal in Nov 2021 to facilitate retail investors to open their Retail Direct Gilt accounts under the Retail Direct Scheme. 

This scheme enables retail investors to buy G-Secs in the primary auctions as well as buy and sell G-Secs in the secondary market. One can download the mobile app from the Play Store (for Android) and App Store (for iOS). 

ALSO READ | What are G-Secs and why should investors invest in them? MintGenie explains

Government Security (or G-Sec) is a financial instrument issued by the Central government or the state governments. It acknowledges the debt obligation of the government. These securities are either short term (known as treasury bills with original maturities of less than one year) or long term (usually called government bonds or dated securities with original maturity of one year or more). 

RBI also introduced Pravaah, a web-based portal for allowing regulatory approvals. 

It is a secure and centralised web-based portal for any individual or entity to seek authorisation, licence or regulatory approval on any reference made by it to the Reserve Bank. On Pravaah, following key features would be available for users:

1. Submit the application online on the portal

2. Track and monitor the status of the application/reference;

3. Respond to any query sought by the RBI with respect to the application or reference

4. Receive a decision from the Reserve Bank in a time bound manner.

5. Currently, 60 application forms covering different regulatory and supervisory departments of RBI have been made available on the portal. 

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