RBI Retail Direct Scheme: Individuals can now directly buy T-bills, G-Secs from market : Rashtra News Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds (SGB) and state development loans (SDLs) from primary as well as secondary markets, thanks to the RBI Retail Direct Scheme launched by Prime Minister Narendra Modi on
Total primary market subscriptions stood at Rs 4,040.03 crore as on March 4. Of the total, treasury bill subscritpions remained higher, at Rs 2687.02 crore.
Reserve Bank of India has enabled payments through National Automated Clearing House (NACH) in the Retail Direct Website. Now an investor can place bids for various government bonds, treasury bills, state development loans and sovereign gold bonds (SGBs) using NACH facility on RBI Retail Direct Website. Read below to know how does it work.
Currently, the RBI Floating Rate Savings Bond offers an interest rate of 8.05%, higher than the interest rates of fixed deposits (FDs) offered by most well-known public and private sector banks. Now, retail investors can subscribe to these bonds through the RBI retail direct portal. The interest rate on these bonds is reset every six months. Do note that the interest is payable semi-annually. Who can invest, how much you can invest, how to invest, how to pay for your investment, what will be the tax rules — all your questions answered.