New 55% Off on All Courses - Enroll Now! Click Here

    Question

    RBI Retail Direct Scheme provides Retail investors the

    facility to open and maintain the ‘Retail Direct Gilt Account’ (RDG Account) with RBI. It was launched in __________.
    A 2019 Correct Answer Incorrect Answer
    B 2020 Correct Answer Incorrect Answer
    C 2018 Correct Answer Incorrect Answer
    D 2021 Correct Answer Incorrect Answer
    E 2022 Correct Answer Incorrect Answer

    Solution

    RBI Retail Direct Scheme Launched on 12 November 2021 Objective: To facilitate investment in Government Securities by individual investors. Features/Scope: Retail investors (individuals) will have the facility to open and maintain the ‘Retail Direct Gilt Account’ (RDG Account) with RBI. RDG Account can be opened through an ‘Online portal’ provided for the purpose of the scheme. The ‘Online portal’ will also give the registered users the following facilities: Access to primary issuance of Government securities Access to NDS-OM. (NDS-OM means RBI’s screen based, anonymous electronic order matching system for trading in Government securities in the secondary market)

    Practice Next

    Relevant for Exams: