{"id":117703,"date":"2021-07-14T06:16:42","date_gmt":"2021-07-14T06:16:42","guid":{"rendered":"https:\/\/www.edristi.in\/?p=117703"},"modified":"2021-07-14T06:16:45","modified_gmt":"2021-07-14T06:16:45","slug":"retail-direct-scheme-of-rbi","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/retail-direct-scheme-of-rbi\/","title":{"rendered":"Retail Direct Scheme of RBI"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question: Consider the following statements regarding Retail Direct Scheme of RBI:<br>i) Through RBI\u2019s Retail Direct scheme, a retail investor will be able to bid in G-Secs auctions and buy them in the secondary market as well.<br>ii) Retail investors will need to open and maintain a Retail Direct Gilt Account (RDG Account) with RBI to access its G-Sec platform.<br>iii) NDS-OM platform is RBI\u2019s platform for buying and selling G-Secs and other money market instruments in the secondary market.<br>Which of the above statements are correct?<\/strong><br>a) i and ii<br>b) iii<br>c) i,ii,iii<br>d) ii,iii<br><strong>Ans: c<br>Context<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In one of its recent notification RBI has decided to let retail investors directly buy and sell government securities (G-Secs) on its platform.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Facts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Through RBI\u2019s Retail Direct scheme, an investor would be able to bid in G-Secs auctions and buy them in the secondary market as well.<\/li><li>Retail investors will need to open and maintain a Retail Direct Gilt Account (RDG Account) with RBI to access its G-Sec platform.<\/li><li>Investors can open the account through an online portal (RBI Retail Direct portal) meant for retail investors.<\/li><li>Through the portal, Retail investors can access the auctions and the NDS-OM platform &#8212; the RBI platform for buying and selling G-Secs and other money market instruments in the secondary market.<\/li><li>To open an RDG Account, a retail investor should have a savings bank account, PAN (Permanent Account Number), KYC (Know Your Customer) documents, a valid email address and a mobile number. The RDG account can be held either by one person or jointly.<\/li><li>Only those non-residents retail investors eligible to invest in G-Secs will be allowed to open the RDG Account.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About G-Secs<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Government securities are government debt issuances used to fund daily operations, and special infrastructure and military projects.<\/li><li>They guarantee the full repayment of invested principal at the maturity of the security and often pay periodic coupon or interest payments.<\/li><li>They are considered to be risk-free as they have the backing of the government that issued them.<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By kameshwar shukla<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Reference:<\/strong> <a href=\"https:\/\/www.livemint.com\/money\/personal-finance\/heres-how-retail-investors-can-buy-g-secs-directly-from-rbi-11626104515576.html\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.livemint.com\/money\/personal-finance\/heres-how-retail-investors-can-buy-g-secs-directly-from-rbi-11626104515576.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Consider the following statements regarding Retail Direct Scheme of RBI:i) Through RBI\u2019s Retail Direct scheme, a retail investor will be able to bid in G-Secs auctions and buy them in the secondary market as well.ii) Retail investors will need to open and maintain a Retail Direct Gilt Account (RDG Account) with RBI to access [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":117704,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-117703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/117703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=117703"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/117703\/revisions"}],"predecessor-version":[{"id":117705,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/117703\/revisions\/117705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/117704"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=117703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=117703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=117703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}