Now it is going to be easier for small investors to invest money in government bonds. The Reserve Bank of India (RBI) will soon launch a mobile app to facilitate participation of retail investors in the government securities market. RBI Governor Shaktikanta Das made this announcement on Friday while announcing the first monetary policy of the current financial year.
RBI’s Retail Direct Scheme
RBI’s retail ‘Direct Scheme’, introduced in November, 2021, facilitates individual investors to maintain gilt accounts with the central bank and invest in government securities. The scheme enables investors to buy securities in the primary auction as well as buy/sell securities through the NDS-OM platform. At present you can invest in it only through RBI portal. Now the Central Bank said that to make this access easier and better, a mobile app of Retail ‘Direct Portal’ is being created. The app will enable investors to buy and sell instruments on the go, at their convenience. The app will be available for use soon.
released monetary policy
The Reserve Bank of India (RBI) on Friday made no change in the policy repo rate and kept it at 6.5 percent in the first bi-monthly monetary policy review of the current financial year. The policy rate has been kept unchanged with the aim of bringing down inflation to four percent and accelerating economic growth amid global uncertainty. This is the seventh consecutive time that the repo rate has not been changed. Apart from this, the GDP growth rate for the current financial year has been estimated at 7 percent.
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