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New RETAIL DIRECT INVESTORS scheme

The Reserve Bank of India is set to approach the Centre to secure tax incentives for retail investments in sovereign securities under the Retail Direct Scheme (RDS), which places India within a select group of countries that have democratized government debt ownership.

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New RETAIL DIRECT INVESTORS scheme

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  1. RETAIL DIRECT INVESTORS VINOD K AGRAWAL & ASSOCIATES, CA

  2. Introduction PM Narendra Modi announced the 'RBI Retail Direct initiative’ on 13th November 2021. The programme allows individual investors to buy and sell government bonds through the internet. The scheme was introduced by the Reserve Bank of India (RBI) in its February 2021 monetary policy. Annual Review

  3. What is Retails direct investor? The RBI Retail Direct Scheme enables retail investors to buy and sell government securities (G-sec) in the primary and secondary markets via the internet. Small investors can now invest in G-Secs by opening a gilt securities account with the RBI, according to details published by the RBI. Retail Direct Gilt (RDG) Account will be the name of the new account.

  4. Who can open the RDG account? According to the RBI's announcement of July 12, 2021, a retail investor can register an RDG account if they have the following: Any official valid document such as Aadhaar, Voter ID for KYC purposes Valid email ID Registered mobile number Rupee savings bank account maintained in India PAN issued by the Income Tax Department Any official valid document such as Aadhaar, Voter ID for KYC purposes; The RDG account can be formed alone or in partnership with another retail investor who fits the requirements.

  5. How to Register on the online portal? Investors can register on the web portal by filling out the online form and verifying their information with the OTP sent to their registered mobile number and email address. After completing the registration process, a 'Retail Direct Gilt Account' will be created, and instructions for accessing the web portal will be sent through SMS/e-mail. On the NDS-OM, the RDG Account will be available for both primary and secondary market transactions.

  6. How to BUY & SELL government securities • Buy and Sell of government securities through Online portal • Buy government securities in Primary market • Buy and Sell of government bonds in secondary market

  7. Charges for opening RDG account There will be no fees associated with opening and maintaining a 'Retail Direct Gilt account Payment gateway fees, if any, will be borne by the registered investor The aggregator will not charge a fee for submitting bids in the primary auctions

  8. For more details contact us through our website https://cavkagrawal.business.site/ Thank you VINOD K AGRAWAL & ASSOCIATES, CA

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