Investing in government bonds: RBI to launch mobile app for Retail Direct portal
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As per the RBI Governor, «The RBI Retail Direct Scheme was launched in November 2021. It is now proposed to launch a mobile app for accessing the Retail Direct portal. This will be of greater convenience to retail investors and deepen the G-sec market. „
As per the statement given by RBI, “RBI Retail Direct Scheme, launched in November 2021, gives access to individual investors to maintain gilt accounts with RBI and invest in government securities. The Scheme enables investors to buy securities in primary auctions as well as buy/sell securities through the NDS-OM platform. To further improve ease of access, a mobile application of the Retail Direct portal is being developed. The app will enable investors to buy and sell instruments on the go, at their convenience. The app will be available for use shortly.»
What is RBI Retail Direct?
The RBI launched the RBI Retail Direct portal in 2021. The retail direct portal was launched to bring access to government bonds within the reach of of the common man by simplifying the process of investment. The Retail Direct Scheme will allow retail investors to open pen a Retail Direct Gilt (RDG) Account with the Reserve Bank of India, using an online portal (https://rbiretaildirect.org.in). Investments can be made using the following routes:
- Primary issuance of government securities: Retail investors can place bid as per the non-competitive scheme for participation in primary auction of government securities and procedural guidelines
