RBI Retail Direct Scheme and the Reserve Bank - Integrated Ombudsman Scheme to be launched by PM on 12th Nov



Quick Summary
Prime Minister Narendra Modi is set to launch two new customer-focused initiatives from the Reserve Bank of India on November 12th, 2021. The RBI Retail Direct Scheme will provide retail investors with direct access to the government securities market, allowing them to open and manage accounts with the RBI online for free. Additionally, the Reserve Bank - Integrated Ombudsman Scheme will streamline the complaint resolution process for customers of RBI-regulated entities, introducing a 'One Nation-One Ombudsman' system.

PM to launch two innovative customer centric initiatives of RBI on 12 November Prime Minister Shri Narendra Modi will launch two innovative customer centric initiatives of the Reserve Bank of India on 12 November, 2021 at 11 AM via video conferencing. These initiatives are the RBI Retail Direct S
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FAQ :

The Prime Minister is launching the RBI Retail Direct Scheme and the Reserve Bank - Integrated Ombudsman Scheme.

The RBI Retail Direct Scheme aims to increase access for retail investors to the government securities market, allowing them to invest directly in securities issued by the Government of India and State Governments.

Investors can open and maintain their government securities account online with the RBI free of charge.

The scheme aims to improve the process for resolving customer complaints against entities regulated by the RBI.

The central theme is 'One Nation-One Ombudsman', featuring a single portal, email, and address for customers to lodge complaints.

Yes, a multi-lingual toll-free number will be available to provide information on grievance redress and assistance for filing complaints.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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