NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / RBI's new app will let you buy government bonds directly
    Summarize
    Next Article
    RBI's new app will let you buy government bonds directly
    The app is an extension of RBI's Retail Direct Scheme

    RBI's new app will let you buy government bonds directly

    By Akash Pandey
    Apr 05, 2024
    12:42 pm

    What's the story

    The Reserve Bank of India (RBI) is preparing to launch a mobile application aimed at enhancing individual participation in government bonds.

    This announcement was made today by Governor Shaktikanta Das during the first monetary policy review of fiscal year 2025.

    The app is an extension of RBI's Retail Direct Scheme, which was initially introduced in November 2021.

    App features

    Mobile app to simplify access to the scheme

    The upcoming mobile app is designed to simplify the process of creating a Retail Direct Gilt (RDG) Account with the RBI. Previously, this was achieved through a specialized online portal (https://rbiretaildirect.org.in).

    Das stated that the app will "enhance convenience for retail investors and foster deeper engagement with the G-sec (government securities) market."

    The aim is to streamline access and increase user interaction with the Retail Direct portal.

    Investment options

    Retail Direct Scheme offers diverse investment opportunities

    The Retail Direct Scheme provides investment opportunities in both primary and secondary markets.

    In the primary market, investors can participate in government securities auctions via a non-competitive scheme, following procedural guidelines for Sovereign Gold Bond (SGB) issuance.

    On the other hand, the secondary market allows investors to trade government securities on the Negotiated Dealing System-Order Matching (NDS-OM) platform.

    Transaction process

    Seamless transactions and free services

    The Retail Direct Scheme ensures smooth transactions with payments facilitated through savings bank accounts using Internet Banking or Unified Payments Interface (UPI).

    The services offered under this scheme include transaction and balance statements, nomination facilities, pledges or lien of securities, and gift transactions.

    Notably, these services are provided free of charge under the scheme.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Reserve Bank Of India (RBI)
    Shaktikanta Das

    Latest

    Punjab Kings to miss key players against Rajasthan Royals Punjab Kings (PBKS)
    Trump's USAID cuts lead to food wastage for 3.5 million Elon Musk
    Scientists reveal what happens when black holes cross each other Black Hole
    CPI(M) joins 'Operation Sindoor' all-party delegations, despite reservations Communist Party of India - Marxist (CPIM)

    Reserve Bank Of India (RBI)

    Following RBI curbs, Paytm shares fall 20% for second day Paytm
    Paytm shares continue to crash, down 42% in 3 sessions Paytm
    Start-up founders urge PM Modi, RBI to reconsider Paytm curbs Paytm
    Why HDFC Bank is buying stakes in these six banks HDFC Bank

    Shaktikanta Das

    As economy suffers, RBI keeps repo rate unchanged Reserve Bank Of India (RBI)
    Repo rate unchanged; RTGS payment will be available 24*7: RBI Reserve Bank Of India (RBI)
    RBI Governor Shaktikanta Das happy with Indian economy's recovery Reserve Bank Of India (RBI)
    RBI predicts FY21's real GDP-growth at -7.5%; repo rate unchanged Reserve Bank Of India (RBI)
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025