Retail Direct Scheme: Allowing Retail Investors to Open Gilt Accounts with RBI

Last updated: 15 July 2021

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The Reserve Bank of India has launched the Retail Direct Scheme, a new facility designed to make it easier for individual investors to participate in the government securities market. Through an online portal, retail investors can now open and maintain a 'Retail Direct Gilt Account' directly with the RBI. This scheme provides access to both the primary market for new government securities and the secondary market via NDS-OM.

Reserve Bank of India Retail Direct Scheme: Allowing Retail Investors to Open Gilt Accounts with RBI Date : Jul 12, 2021 As part of continuing efforts to increase retail participation in government securities, the RBI Retail Direct facility was announced in theStatement of Developmental and Regulatory Policies dated February 05, 2021for improving ease of access by retail investors through online access to the government securities market both primary and secondary - along with the faci

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FAQ :

The RBI Retail Direct Scheme is a one-stop solution that allows individual investors to invest in government securities. It provides an online portal for easy access to the government securities market.

Retail investors, defined as individuals, are eligible if they have a rupee savings bank account in India, a PAN, an officially valid document for KYC, a valid email ID, and a registered mobile number. Non-resident retail investors eligible under FEMA are also included.

The online portal allows registered users to open and maintain a 'Retail Direct Gilt Account' with the RBI, access primary issuances of government securities, and trade in the secondary market through NDS-OM.

No, there are no fees charged by the RBI for opening or maintaining a 'Retail Direct Gilt Account'. However, investors will bear any applicable payment gateway fees.

The scheme covers Government of India Treasury Bills, Government of India dated securities, Sovereign Gold Bonds (SGB), and State Development Loans (SDLs).

Notification No : Press Release: 2021-2022/518
Source : https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883

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