RBI Retail Direct Scheme – UPSC Prelims

RBI Retail Direct Scheme:
  • RBI Retail Direct Scheme is a one-stop solution to facilitate investment in government securities (G-secs) by individual investors. 
  • Under the scheme, retail investors (individuals) will have the facility to open and maintain the ‘Retail Direct Gilt Account’ (RDG Account) with the RBI.
  • A gilt Account means an account opened and maintained for holding Government securities.
  • This RDG account can be opened through an online portal provided for the purpose of the scheme.
  • The online portal will then allow the registered users access to primary issuance of G-secs and access to NDS-OM (Negotiated Dealing System — Order Matching (NDS-OM).
NDS(Negotiated Dealing System):
  • The Negotiated Dealing System or NDS is an electronic trading platform operated by the RBI to facilitate the issuing and exchange of government securities and other types of money market instruments.
  • The goal was to reduce inefficiencies stemming from telephone orders and manual paperwork while increasing transparency for all market participants.
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