rbi retail direct scheme portal login registration 2023 www.rbiretaildirect.org.in | rbi retail direct portal website | rbi retail direct scheme in hindi | rbi retail direct account opening | latest news and announcements updates 2022 2023 | retail direct gilt account (rdg account with rbi)
Dear readers, the central government launched the RBI Retail Direct scheme as part of an ongoing effort to increase retail participation in government securities. The RBI Retail Direct facility was announced in the Development and Regulatory Policy Statement of February 5, 2021. This scheme aims to improve the ease of access by retail investors through online access to the government securities market – primary and secondary – along with the facility to open a securities account. Gilt Finance (Retail Direct) with RBI.
We will tell you all the information related to the scheme like how to apply for the RBI Reserve Bank of India Retail Direct Scheme, salient features, benefits, eligibility, documents required, latest news and updates, RDG gilt account, helpline number, FAQ, etc. If you want to know more information related to the scheme, then you should read the article we have provided.
LATEST NEWS AND ANNOUNCEMENTS
- Feb 17, 2023
- Government Stock – Full Auction Results
- Feb 15, 2023
- Treasury Bills: Full Auction Result
- Feb 14, 2023
- State Government Securities – Full Auction Result
- Feb 13, 2023
- Auction of Government of India Dated Securities
- Feb 10, 2023
- Government Stock – Full Auction Results
- 91 days, 182 days and 364 days Treasury Bills auction
- Auction of State Government Securities
- Feb 09, 2023
- Sovereign Green Bonds – Full Auction Results
- Feb 08, 2023
- Treasury Bills: Full Auction Result
- Feb 07, 2023
- State Government Securities – Full Auction Result
- Feb 06, 2023
- Auction of Government of India Dated Securities
- Feb 03, 2023
- Government Stock – Full Auction Results
- 91 days, 182 days and 364 days Treasury Bills auction
- Auction of Sovereign Green Bonds
- Auction of State Government Securities
- Feb 01, 2023
- Treasury Bills: Full Auction Result
- Jan 31, 2023
- State Government Securities – Full Auction Result
- Jan 30, 2023
- Auction of Government of India Dated Securities
- Jan 27, 2023
- Government Stock – Full Auction Results
- 91 days, 182 days and 364 days Treasury Bills auction
- Auction of State Government Securities
- Jan 25, 2023
- Sovereign Green Bonds- Full Auction Results
- Treasury Bills: Full Auction Result
- Jan 24, 2023
- State Government Securities – Full Auction Result
- Jan 23, 2023
- Auction of Government of India Dated Securities
- Jan 20, 2023
- Government Stock – Full Auction Results
- Auction of State Government Securities
- Jan 19, 2023
- Auction of Sovereign Green Bonds
- Jan 18, 2023
- Treasury Bills: Full Auction Result
- Jan 17, 2023
- State Government Securities – Full Auction Result
- Jan 16, 2023
- Auction of Government of India Dated Securities
- Jan 13, 2023
- Government Stock – Full Auction Results
- Auction of State Government Securities
- 91 days, 182 days and 364 days Treasury Bills auction
and more here – https://www.rbiretaildirect.org.in/#/News
RBI Retail Direct Scheme Details
As part of an ongoing effort to increase retail participation in government securities, the RBI Retail Direct Facility was announced in the Development and Regulatory Policy Statement of February 5, 2021, to improve accessibility by retail investors through online access to the government stock market – primary and secondary – Along with the facility to open a Gilt Securities Account (“Direct Retail”) with the Reserve Bank of India.
Benefits of the RBI Retail Direct scheme
- Retail investors (individuals) will have the facility to open and maintain a ‘Retail Direct Gilt Account‘ (RDG Account) with RBI.
- An investor may submit non-competitive bids in the initial issue of all central government securities (including treasury bills and sovereign gold bonds) as well as securities issued by various state governments.
- Under this scheme, an individual can also access the secondary market through “NDS OM” – RBI’s own trading system.
- The investor will automatically get any interest paid/maturity proceeds in his linked bank account on the due dates.
Scope of RBI Retail Direct Scheme
RBI Retail Direct is a comprehensive scheme that provides the following facilities to retail investors in the government stock market through an online portal:-
- Opening and maintaining a “Retail Direct Gilt Account” (RDG Account)
- Access to the initial issuance of government securities
- Access to NDS-OM
Eligibility for RBI Retail Direct
Individual investors can register under the scheme and maintain an RDG account if they have the following:-
- Permanent Account Number (PAN) issued by the Income Tax Department.
- Access to the initial issuance of government securities.
- Any OVD for the purpose of Know Your Customer.
- A valid email ID.
- Registered mobile phone number.
Non-resident retail investors eligible to invest in government securities under the Foreign Exchange Management Act 1999 are eligible under the RBI Retail Direct scheme. An RDG account can be opened alone or jointly with another retail investor who meets the eligibility criteria.
Online Registration Procedure for RBI Retail Direct
- Investors can register on the portal by filling in the online form and using the OTP received on the registered mobile number and email ID to validate and submit the form – https://rbiretaildirect.in/#/rdg-account-registration.
- Instructions issued under the 2016 RBI-Know Your Customer (KYC) Directive, as updated from time to time, will be complied with during investor qualification. Upon successful registration, a ‘Retail Direct Gilt Account’ will be opened and the access details will be transferred to the portal via SMS/email.
- The RDG account must be available for primary market participation as well as secondary market transactions on the NDS-OM.
Primary Market Participation.
- Participation and allotment of securities will be in accordance with the non-competitive scheme for participation in the initial government securities auction and the procedural guidelines for the issuance of the SGB.
- Only one bid per security is allowed. When bidding, the total amount payable will be shown.
- Payment to the aggregator/collector/collecting office can be done through any of the following two methods:
- Use the net-Banking/UPI facility from the linked bank account, as funds will be debited at the time of bidding on the portal.
- Use of the UPI facility, whereby funds in the linked bank account can be blocked at the time of bidding on the portal that will be debited from this account upon successful allotment in the auction. Similar facilities will be made available through the banks in due course.
- The refunds, if any, will be credited to the investor’s bank account according to the schedules set by the aggregator/collector.
- The securities allocated to the investors will be issued on credit to their RDG account on the day of settlement.
Secondary Market Transaction – NDS-OM
- Registered investors can access the secondary market transactions link on the online portal for buying or selling government securities through NDS-OM (odd lot segment/RFQ).
Buy
Payment can be made in one of the following two ways:
- Before the start of trading hours or during the day, the investor must transfer funds to the account designated for CCIL (NDS-OM Clearing Corporation) using net banking / UPI from the linked bank account. Based on the actual conversion/success message, the funding limit (Buying/Purchase Limit) will be determined for placing ‘Buy/Purchase’ orders. At the end of the trading session, any excess funds that lie in the investor’s credit will be refunded.
- Use of the UPI facility, whereby funds can be blocked in the linked bank account at the time of application which will be debited from that account on settlement day. Similar facilities will be made available through the banks in due course.
The purchased securities will be credited to the RDG account on the day of settlement.
Sell
- Securities identified for sale at the time of placing the order will be blocked until the transaction is settled.
- Funds from sale transactions will be credited to the linked bank account on settlement day.
Non-commercial Transactions – Value-Free Transactions (VFT)
- Transactions permitted under the VFT Guidelines issued by the RBI on November 16, 2018, as amended from time to time, as applicable to retail investors, will be available under the Scheme.
- For these purposes, investors must submit an application on the online portal.
Investor Services
Registered investors can use the following investor services portal:
- Account statement – Transaction history and balance of stock holdings in the Retail Direct Gilt account can be obtained from the link provided. All transaction alerts will be provided through email/SMS.
- Nomination facility – The nomination form can be filled out in the specified format and uploaded. There can be a maximum of two candidates. In the event of the death of the registered investor, the securities available in the RDG account may be transferred to the RDG account or any other government securities account of the candidate upon presentation of the death certificate and transfer form.
- Pledge/Lien or Undertaking / Reservation – Securities deposited in the RDG account will be available for pledge/holding.
- Gift Transactions – Retail Direct Investors will have online facilities to offer government securities to other Retail Direct Investors.
- Grievance Redressal – Any inquiry or complaint related to the Direct Retail scheme can be raised on the portal which will be handled/resolved by the Public Debt Office (PDO) in Mumbai, RBI.
Any inquiry or complaints related to the Direct Retail scheme can be raised on the portal which will be handled/resolved by the Public Debt Office (PDO) in Mumbai, RBI.
- No fees will be charged for opening and maintaining a Retail Direct Gilt Account with RBI.
- No fees will be collected by the aggregator for bidding in initial auctions.
- The registered investor will bear the payment gateway fees, etc., as applicable.
Documents required to open a Retail Direct Gilt Account
An individual can log into RBI Retail Direct to open a Retail Direct Gilt account. The account can only be opened online using the individual’s PAN, Rupee Savings Account, Email ID, and Mobile Number. With these details, an individual needs to complete a smooth online know-your-customer procedure to do the registration under this scheme. Investors will have to follow the RBI KYC guidelines while opening an RDG account.
RBI Retail Direct Scheme Login
- Firstly, visit the official website of RBI Retail Direct – https://www.rbiretaildirect.org.in/.
- Next, a page will open on your screen.
- Then click on the login option button link on the menu bar – https://rbiretaildirect.in/#/login/.
- Next, enter the “Email or Mobile or Login Name” and “Password“.
- Click on the Login button.
How to Online Registration Procedure for RBI Retail Direct
- Firstly, visit the official website of RBI Retail Direct – https://www.rbiretaildirect.org.in/.
- Next, a page will open on your screen.
- Then click on the registration option button link on the menu bar – https://rbiretaildirect.in/#/rdg-account-registration.
- Enter all details in the registration form fields and click on the submit button.
- In this way, you can be Registered for RBI Retail Direct – investor registration.
Who can open a Retail Direct Gilt account?
Individual investors mean all individuals (natural persons)
Retail investors, as defined under the RBI Retail Direct scheme, may register under the scheme and maintain an RDG account, if they have the following:
- Rupee savings bank account maintained in India.
- Permanent Account Number (PAN) issued by the Income Tax Department.
- Any OVD for the purpose of Know Your Customer(KYC);
- A valid email ID; And
- Registered mobile phone number.
- Non-resident retail investors who are eligible to invest in government securities under the Foreign Exchange Management Act 1999 are eligible under this scheme.
- An RDG account can be opened alone or jointly with another retail investor who meets the eligibility criteria.
RBI’s Direct Retail System Helpline Number
RBI Retail Direct Support
- Email ID – support@rbiretaildirect.org.in
- Phone Number – 1800 267 7955
RBI Retail Direct Info
- RBI Retail Direct Scheme
- RBI Retail Direct Regulations
- Customer Service Timelines
- Auction Calendar
- Statistics
FAQs List
- Government Securities Act and Regulations
- Understanding Government Securities
- Primary Issuances Non-Competitive Bidding
- Sovereign Gold Bonds
- NDS OM Secondary Market
- RBI Retail Direct
Login Details
Important Links
| rbi retail direct website | Click Here |
| rbi retail direct login | Click Here |
| rbi retail direct registration | Click Here |
| Forgot Login Credentials (Reset your password) | Click Here |
| RBI Retail Direct News Info | Click Here |
| RBI Retail Direct Contact | Click Here |
Frequently Asked Questions about the RBI Retail Direct Scheme
Retail Direct is a comprehensive solution to facilitate investment in government securities by individual investors. Under this scheme, individual investors can open a Gilt Securities account – “Retail Direct Gilt (RDG)” with RBI.
The official website for the RBI Retail Direct scheme is https://www.rbiretaildirect.org.in/index.html.
Excess funds received from the Retail Direct Investor after adjusting the trade consideration must be returned to the Retail Direct Investor on the date of receipt/settlement date.
The RDG account holder will be able to access information about his/her balances on a daily basis. The RDG account holder can see this information on the portal. Period account statements will also be mailed to the RDG account holder.
No fees will be charged for opening and maintaining a Retail Direct Gilt Account with RBI. No fees will be collected by the assembler for bidding in initial auctions. The registered investor will bear the payment gateway fees, etc., as applicable.
CCIL has been authorized by the Reserve Bank of India to act as an aggregator for primary issuances and as an Office to receive sovereign gold bonds for direct retail investors. CCIL is also authorized by the RBI to operate the NDS OM platform.
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