{"id":118330,"date":"2021-07-13T19:17:56","date_gmt":"2021-07-13T13:47:56","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=118330"},"modified":"2021-07-14T18:19:06","modified_gmt":"2021-07-14T12:49:06","slug":"g-secs-rbi-unveils-retail-direct-scheme","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/g-secs-rbi-unveils-retail-direct-scheme\/","title":{"rendered":"G-secs: RBI unveils Retail Direct Scheme"},"content":{"rendered":"<p><b><span data-contrast=\"auto\">Source:\u00a0<\/span><\/b><a href=\"https:\/\/epaper.thehindu.com\/Home\/MShareArticle?OrgId=G7A8OSLG7.1&amp;imageview=0\"><b><span data-contrast=\"none\">The Hindu<\/span><\/b><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h5><b><span data-contrast=\"auto\">What is the News?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"auto\">The Reserve Bank of India(RBI) has announced the launch of the RBI Retail Direct scheme.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h5><b><span data-contrast=\"auto\">About RBI Retail Direct Scheme:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h5>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">RBI Retail Direct Scheme\u00a0<\/span><\/b><span data-contrast=\"auto\">is a one-stop solution to facilitate investment in government securities (G-secs) by individual investors.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Under the scheme,\u00a0<\/span><\/b><span data-contrast=\"auto\">retail investors (individuals) will have the facility to open and maintain the \u2018Retail Direct Gilt Account\u2019 (RDG Account) with the RBI.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cb\" data-font=\"\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"2\"><b><span data-contrast=\"auto\">Gilt Account\u00a0<\/span><\/b><span data-contrast=\"auto\">means an account opened and maintained for holding Government securities.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">This RDG account\u00a0<\/span><\/b><span data-contrast=\"auto\">can be opened through an online portal provided for the purpose of the scheme.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">The online portal\u00a0<\/span><\/b><span data-contrast=\"auto\">will then allow the registered users access to primary issuance of G-secs and access to NDS-OM (Negotiated Dealing System \u2014 Order Matching (NDS-OM).<\/span><\/li>\n<\/ul>\n<h5><b><span data-contrast=\"auto\">What are\u00a0Government Securities(G-secs)?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h5>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"21\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">A Government Security(G-Sec)\u00a0<\/span><\/b><span data-contrast=\"auto\">is a tradable instrument issued by the Central Government or the State\u00a0Governments.\u00a0It\u00a0acknowledges the Government\u2019s debt obligation.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"21\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Such securities\u00a0<\/span><\/b><span data-contrast=\"auto\">are short term (usually called treasury bills,\u00a0with original maturities of less than one year) or long term (usually called Government bonds or dated securities with original maturity of one year or more).\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"21\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">In India, the Central Government\u00a0<\/span><\/b><span data-contrast=\"auto\">issues both, treasury bills and bonds or dated securities\u00a0<\/span><b><span data-contrast=\"auto\">while the State Governments<\/span><\/b><span data-contrast=\"auto\">\u00a0issue only bonds or dated securities which are called the State Development Loans (SDLs).<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<h5><b><span data-contrast=\"auto\">What are NDS(Negotiated Dealing System)?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h5>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">The Negotiated Dealing System or NDS<\/span><\/b><span data-contrast=\"auto\">\u00a0is an electronic trading platform operated by the RBI to facilitate the issuing and exchange of government securities and other types of money market instruments.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">The goal was to reduce<\/span><\/b><span data-contrast=\"auto\">\u00a0inefficiencies stemming from telephone orders and manual paperwork while increasing transparency for all market participants<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source:\u00a0The Hindu\u00a0 What is the News?\u00a0 The Reserve Bank of India(RBI) has announced the launch of the RBI Retail Direct scheme.\u00a0 About RBI Retail Direct Scheme:\u00a0 RBI Retail Direct Scheme\u00a0is a one-stop solution to facilitate investment in government securities (G-secs) by individual investors.\u00a0 Under the scheme,\u00a0retail investors (individuals) will have the facility to open and&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/g-secs-rbi-unveils-retail-direct-scheme\/\">Continue reading <span class=\"screen-reader-text\">G-secs: RBI unveils Retail Direct Scheme<\/span><\/a><\/p>\n","protected":false},"author":10323,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,956,9,959],"tags":[],"class_list":["post-118330","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-schemes-and-programs","category-public","category-schemes","entry"],"jetpack_featured_media_url":"","views":{"total":2,"cached_at":"","cached_date":1700463267},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/118330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10323"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=118330"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/118330\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=118330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=118330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=118330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}