RBI Retail Direct Scheme – UPSC Prelims

RBI Retail Direct Scheme 
  • Aim: To enhance access to the government securities market for retail investors.
  • Under the scheme, retail investors will be able to easily open and maintain their government securities account online with the RBI, free of cost.
  • RBI had announced the scheme in its February 2021 monetary policy
  • Through this account, they can directly invest in securities issued by the Government of India and the State Governments.
  • Significance:
    • With the launch, India has opened up the Government bond market for retails investors.
    • Moreover, it will increase investment avenues, make accessing the capital market easier, safer.
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