The RBI stated a cellular utility of the Retail Direct portal is being developed to additional enhance ease of entry by retail buyers to the federal government securities market.
The app will allow buyers to purchase and promote devices/authorities securities (Authorities Dated Securities, State Growth Loans, Treasury Payments and Sovereign Gold Bonds,) on the go, at their comfort. The app can be obtainable to be used shortly, Governor Shaktikanta Das stated.
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RBI Retail Direct Scheme, launched in November 2021, provides entry to particular person buyers to take care of gilt accounts with RBI and put money into authorities securities.
The Scheme permits buyers to purchase securities in major auctions in addition to purchase/promote securities by means of the NDS-OM platform.
As on April 1, 2024, the full variety of registrations and the full variety of accounts opened by retail buyers below the retail direct facility 1,33,758 and 1,19,669, respectively.
Whole Main Market Subscriptions (cumulative) and traded volumes stood at ₹4,222.98 crore and ₹643.44 crore, respectively. Whole holdings stood at ₹2,023.29 crore.
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