To increase retail participation in government securities
- Retail investors who are individuals (natural persons)
- Non-Resident retail investors eligible to invest in Government Securities under Foreign Exchange Management Act, 1999 are eligible under the scheme.
- The RDG account can be opened singly or jointly
- Retail investors (individuals) will have the facility to open and maintain the 'Retail Direct Gilt Account' (RDG Account) with RBI.
- RDG Account can be opened through an 'Online portal' provided for the purpose of the scheme.
- The 'Online portal' will give the registered users access to:
- Primary issuance of GS
- NDS-OM (electronic order matching system for trading in GS in the secondary market)
- GS include:
- GOI Treasury Bills - 3.4% - 3.72%
- GOI dated securities - 5.63% - 7.59%
- Sovereign Gold Bonds (SGB) - 2.5%
- State Development Loans (SDLs) - 6.33% - 8.56%
The interest rate varies on the tenure of the security and the state in case of SDLs
- Registration on the online portal
- Nomination facility for maximum of two nominees
- Pledge/Lien facility available
- Gift Transactions - an online facility to gift government securities to other Retail Direct Investors