Now in the coming time, it is going to be easier for the common man to invest in government securities. For this, preparations are being made by the Reserve Bank of India. RBI is developing a mobile app for this. Through this app, common people will be able to easily invest in government bonds.
New Delhi: Till now it remains difficult for common people to invest in government securities (bonds) etc. Big financial institutions across the country invest in government bonds. These institutes also get a fixed return from this. Now the Reserve Bank of India (RBI) is developing a mobile app to increase retail investment in this segment, which will make it easier for the common people to invest in government bonds. The Reserve Bank of India (RBI) will soon launch a mobile app to facilitate participation of retail investors in the government securities market. RBI Governor Shaktikanta Das made this proposal while presenting the first monetary policy review of the current financial year on Friday. The RBI’s retail ‘direct scheme’, introduced in November, 2021, allows individual investors to maintain gilt accounts with the central bank and buy government securities. Provides facility to invest in. The scheme enables investors to buy securities in the primary auction as well as buy/sell securities through the NDS-OM platform.
The central bank said that to make this access easier and better, a mobile app of the retail ‘Direct Portal’ is being created. The app will enable investors to buy and sell instruments on the go, at their convenience. The app will be available for use soon.
The Reserve Bank of India (RBI) on Friday made no change in the policy repo rate and kept it at 6.5 percent in the first bi-monthly monetary policy review of the current financial year. The policy rate has been kept unchanged with the aim of bringing down inflation to four percent and accelerating economic growth amid global uncertainty. This is the seventh consecutive time that the repo rate has not been changed.
