Retail Direct Scheme?

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Topic.   Indian Economy 

Inclusive Growth.      investment models                      

Gs-3 paper           Gs2 paper 


The scheme allows retail investors/individuals to invest in government securities/ bonds of Rs 74 lakh crores directly through bank account With RBI.

It was launched by the Prime Minister Sri Narendra Modi on 11th November 2021.

Vision- Financial inclusion for inclusive growth 

Aim:

  •  To bring middle class employees, senior citizens, small businesses men and othe common man to invest in government securities directly and securely by easing/ simplifying reach to government bonds. 
  • Promotion of foreign and domestic investments 

Salient features 

  • Retail participants can open bank accounts( retail direct  gilt account ) with RBI free of cost through on line link https://rbiretaildirect.org.in/ 
  • Retail participants are able to maintain their accounts online. 
  • Payment  for transaction can be through the saving account, internet banking, or unified Payment interface.
  • It is free of cost and requires on intermediaries. 
  • Individuals can now purchase, treasury bills, dated securities, sovereign gold bonds and state development loans from primary and secondary markets 
  • Retail investors can invest as little as Rs 10,000 directly through the account with RBI. 
  • In primary market retail investors can place a bid for participating in primary auction of government securities 
  • In secondary market, retail investors can buy and sell government securities.

Learn more 》》

Financial inclusion index 

Monetary policy 





Sources - 

https://m.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52548

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