To invest in this, Retail investor should open an account with the RBI it’s RDG “Retail Direct Gilt” Account. But account can only be open if, Retail investor have following
RDS is an one stop solution, gives an opportunity to invest in government securities by individual investors or can be jointly with other retail investor who meets the eligibility criteria. Under this scheme Individual Retail investors can open Gilt Securities Account – “Retail Direct Gilt (RDG)” Account with the RBI.
- Rupee savings bank account maintained in India
- Permanent Account Number (PAN) issued by the Income Tax Department
- Any OVD for KYC purpose
- Valid email id; and
Registered mobile number.
- Non-Resident retail investors eligible to invest in Government Securities under Foreign Exchange Management Act, 1999 are eligible under the scheme.
- The RDG account can be opened singly or jointly with another retail investor who meets the eligibility criteria.
Learn more rbi retail direct scheme. On rbi website.
What are the charges/fees payable?
No fee will be charged for opening and maintaining ‘Retail Direct Gilt account’ with RBI. No fee will be charged by the aggregator for submitting bids in the primary auctions. Fee for payment gateway etc., as applicable, will be borne by the registered investor.
What is the Role of Clearing Corporation of India Ltd (CCIL)?
CCIL is authorized by the Reserve Bank of India to act as an aggregator for Primary Issuances and as Receiving Office for Sovereign Gold Bondsfor the Retail Direct Investors.
CCIL is also authorized by RBI to operate the NDS OM platform.