{"id":118333,"date":"2021-07-13T19:59:04","date_gmt":"2021-07-13T14:29:04","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=118333"},"modified":"2021-07-13T19:59:04","modified_gmt":"2021-07-13T14:29:04","slug":"g-secs-rbi-unveils-retail-direct-scheme-2","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/g-secs-rbi-unveils-retail-direct-scheme-2\/","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<p><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><\/p>\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><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<li><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<li><b><span data-contrast=\"auto\">A gilt Account <\/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<li><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><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><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 Government 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=\"Arial, Arial_MSFontService, sans-serif\" 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=\"Arial, Arial_MSFontService, sans-serif\" 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, with original maturities of less than one year) or long-term (usually called Government bonds or dated securities with an original maturity of one year or more). <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Arial, Arial_MSFontService, sans-serif\" 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. W<\/span><b><span data-contrast=\"auto\">hile 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=\"Arial, Arial_MSFontService, sans-serif\" 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=\"Arial, Arial_MSFontService, sans-serif\" 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-2\/\">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":[1566,9],"tags":[],"class_list":["post-118333","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1700541256},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/118333","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=118333"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/118333\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=118333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=118333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=118333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}