RBI Retail Direct Scheme

Investment in Government Securities 

The RBI Retail Direct Scheme enables individual investors to invest directly in Government Securities through RBI Retail Direct, an online platform provided by the Reserve Bank of India (RBI). 

 

With a Retail Direct Gilt Account (RDG Account), investors can conveniently access eligible Government Securities and manage investments online.

 

The RDG Account provides the below features:

 

  • Participation in both primary and secondary market transactions of Government Securities

  • Investment in Government of India Treasury Bills (T-Bills), Government of India Dated Securities, State Development Loans (SDLs) and Sovereign Gold Bonds (SGBs)

  • The Account holds Government securities electronically. 

 

Setting up the RDG Account

A retail investor (as defined under the scheme) is required to fill up an online application form by furnishing personal and bank details, and authenticate the application using the OTP received on their registered mobile and e-mail ID. During account opening and setup, the retail investor should adhere to KYC guidelines and provide valid PAN and Savings Account details.

 

Upon successful registration, the RDG Account will be opened and details for accessing the RBI Retail Direct platform will be conveyed through SMS / e-mail.

 

Non-Resident retail investors are also eligible to invest in Government Securities under the Foreign Exchange Management Act (FEMA), 1999, subject to applicable regulations and RBI guidelines.

 

 

Manage Investments Online

Investors can use the RBI Retail Direct platform for statements, transaction history, pledging of securities, gifting, nomination / deceased claim settlement, etc.

 

 

Fees / Charges

No fee is charged for opening and maintaining a Retail Direct Gilt Account with RBI. Payment gateway charges, if any, need to be borne by the retail investor.

 

 

Important points to be noted:

The RBI Retail Direct Scheme is launched and administered by the Reserve Bank of India. ICICI Bank acts only as a facilitator and provides information about the scheme. Opening and operation of the RDG Account are governed by terms, conditions and guidelines, as prescribed by RBI from time to time.

 

Any query or grievances related to the Retail Direct Scheme can be raised on the platform provided by RBI.

 

For more details visit:  https://www.rbiretaildirect.org.in

 

For FAQs visit:  https://www.rbi.org.in/Scripts/FAQDisplay.aspx?Id=145

Disclaimer

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