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RBI Retail Direct Gilt Account

 RBI Retil direct scheme launched on 12th november by pm narendra modi ji.At the launch event, Prime Minister Modi said that the Retail Direct Scheme has given small investors in the country a simple and safe means of investing in government securities.
RBI Retail Direct Gilt Account

   Till now the government securities investment program appears to be a difficult one for small investors.
    In addition, he announced that the Retail Direct Scheme will bring in the middle class, employee, small traders and senior citizens with their small savings directly and safely in government securities.
   He said that since there is a provision of guaranteed settlement in government securities, it gives assurance of safety to the small investor.
   The scheme has been described as an important milestone in the development of the government securities market.
   It is expected to bring government securities within easy reach of the common man by simplifying the process of investment.
   The scheme will facilitate opening of own Gilt Securities Account (Retail Direct) with RBI in Government securities market, both primary and secondary as well as with RBI.

Purpose:
The purpose of bringing this scheme is to increase retail participation in Government Securities.

 RDG account Open Procedure:
Retail investors can easily open an account by logging on to the website www.rbiretaildirect.org.in. RDG account will be opened by linking OTP and savings account on the registered number.

How much money is in the RDG account Opening:
The RBI will not charge any costs or charges for opening and maintaining a Retail Direct Gilt account under RDG. There is no charge or fee for bidding at the first auction. At the same time, the payment gateway will be borne by the registered investor.   
   Here no brokerage charges like other.Here Government provided direct investment.

What is this new RBI program?
RBI's Retail Direct Scheme was announced by Governor Shaktikanta Das on February 5, 2021. Shaktikanta Das has called for significant changes in the structure. This system will make it easier for retail investors to access the government securities market. At the same time, retail investors are now able to open a Retail Direct Gilt (RDG) Account with RBI for free.
What are government securities?
Government securities are issued by the government. These are also called G-Secs.According to the RBI, government securities are issued by the central or State government  and trade is done on it.These are issued to raise funds. These are issued in the form of Treasury bills and debt securities. Treasury bills are issued for 91 days, 182 days and 364 days. At the same time, debt securities are issued for 5 to 40 years.Earlier, only institutional investors could invest in such securities or bonds.

Investment process:
There is a common practice of selling government securities in major markets. Only one bid per bond is allowed. Payment can be made via UPI and a connected bank account. Refunds will also be made to the bank account itself. The allotted bond will be credited to the investor's RDG account on sattlement day. Registered investors can easily buy or sell government securities in the online portfolio of secondary market operations.
Nomination facility:
There will be facility of two nominees under RDG account. On the death of the account holder, the security score in the RDG account can be transferred to any other RDG account. The retail investor can also gift the security in the RDG account to any other retail investor with the security in the RDG account. Investors of NRI  can only invest in government securities under FEMA procedures.
Who can open an account:
Eligibility fixed for retail investor.
Such investors should have a savings account in India. You are required to have a Permanent Account Number (PAN) issued by the Tax Department, any official KYC related document, valid email ID and registered mobile number. The RDG account can be opened as a single or shared account holder.
Who will be retail .

Who will be Retail Invester?
It is a non-professional, individual investor who invests money in their own accounts, typically through traditional or online brokerage firms.

Procedure to open Site:
  • Click following official link:
  • Click on registration



  • During registration, OTP receive in given mobile no and mail I'd.After kyc verification , account would be opened.
Conclusion:
As per above ,I think everyone have cleared doubts about this scheme.If any doubt,may be share your question in following comment box.




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