NEW RETAIL DIRECT INVESTOR SCHEME LAUNCHED BY GOVERNMENT

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RETAIL DIRECT INVESTORS

• VINOD K AGRAWAL ASSOCIATES, CA

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Introduction

• PM Narendra Modi announced the 'RBI Retail Direct
  initiative on 13th November 2021.
• The programme allows individual investors to buy
  and sell government bonds through the internet.
• The scheme was introduced by the Reserve Bank of
  India (RBI) in its February 2021 monetary policy.

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What is Retails direct investor?

1. The RBI Retail Direct Scheme enables retail
   investors to buy and sell government securities
   (G-sec) in the primary and secondary markets via
   the internet.
2. Small investors can now invest in G-Secs by
   opening a gilt securities account with the RBI,
   according to details published by the RBI. Retail
   Direct Gilt (RDG) Account will be the name of the
   new account.

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Who can open the RDG account?

• According to the RBI's announcement of July 12,
  2021, a retail investor can register an RDG
  account if they have the following
• Any official valid document such as Aadhaar,
  Voter ID for KYC purposes
• Valid email ID
• Registered mobile number
• Rupee savings bank account maintained in India
• PAN issued by the Income Tax Department
• Any official valid document such as Aadhaar,
  Voter ID for KYC purposes
• The RDG account can be formed alone or in
  partnership with another retail investor who fits
  the requirements.

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How to Register on the online portal?

• Investors can register on the web portal by
  filling out the online form and verifying their
  information with the OTP sent to their registered
  mobile number and email address.
• After completing the registration process, a
  'Retail Direct Gilt Account' will be created, and
  instructions for accessing the web portal will be
  sent through SMS/e-mail.
• On the NDS-OM, the RDG Account will be available
  for both primary and secondary market
  transactions.

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How to BUY SELL government securities

• Buy and Sell of government securities through
  Online portal
• Buy government securities in Primary market
• Buy and Sell of government bonds in secondary
  market

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Charges for opening RDG account

1. There will be no fees associated with opening and
   maintaining a 'Retail Direct Gilt account
2. Payment gateway fees, if any, will be borne by
   the registered investor
3. The aggregator will not charge a fee for
   submitting bids in the primary auctions

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Thank you

• For more details contact us through our website
  
• https//cavkagrawal.business.site/