rbi retail direct”rbi retail direct”retail direct scheme”rbi retail direct scheme portal”rbi retail direct online portal”rbi retail direct scheme online portal”rbi retail direct scheme login
Prime Minister Narendra Modi recently inaugurated the RBI Retail Direct Platform through which retail investors can directly buy government bonds as well as sovereign gold bonds. With the exception of sovereign gold bonds, there are no tax benefits for investment in government bonds through this platform.The Reserve Bank of India’s latest offering for retail investors – investing in government securities – is likely to fall flat as returns from the scheme are much less attractive compared to other available options.
RBI Retail Direct Scheme, an investment option for retail investors was launched on Friday amid much fanfare by Prime Minister Narendra Modi. This scheme was described as a ‘significant milestone’ by the RBI in a statement, which also said that it would ‘bring G-secs within easy reach of the common man by simplifying the process of investment’.
RBI Retail direct scheme
The central bank is likely to approach the Centre to secure tax benefits for retail investments in sovereign securities under the Retail Direct Scheme (RDS), which takes India into an elite club of nations democratising ownership of government debt.
Tax exemptions, people familiar with the matter told ET, have the potential to burnish the allure of the scheme. Experts believe it could also attract global fintech companies such as BondEvalue. The Singapore-based company, which runs the world’s first fractional bond exchange, is keen to enter India after the central bank launched the programme.
Rbi Retail Direct Scheme Online Portal
Retail Direct Scheme is a one-stop solution to facilitate investment in government securities by individual investors directly in the primary market (auctions) and secondary market. Under this scheme, individual retail investors can open a Gilt Securities Account – “Retail Direct Gilt (RDG)” – account with RBI and buy and sell government securities through online portal https://rbiretaildirect.org.in