PM Modi to launch RBI direct scheme for retail investors

In order to increase retail participation in government securities, Prime Minister Narendra Modi will launch the ‘RBI Retail Direct Scheme’ for investors on Friday, November 12. Retail investors can open and maintain their government securities account (gilt accounts) with the Reserve Bank of India (RBI) free of cost, a circular said.
The RBI Retail Direct’ facility was announced in February this year for improving ease of access by retail investors through online access to the government securities market – both primary and secondary - along with the facility to open their gilt securities account (‘Retail Direct’) with the RBI.