Skip to main content

What is Retail Direct Gilt Account?

For those investing in government securities, managing their investments has got easier with the introduction of Reserve Bank of India’s (RBI’s) Retail Direct Scheme. 

What is Retail Direct Scheme?

Retail Direct scheme is a one-stop solution for investment in Government Securities by individual investors.

Which securities are covered under Retail Direct Scheme?

(Updated on November 06, 2023)

A retail investor can invest in following securities through primary issuance as well as in secondary market –

  1. Government of India (GoI) Treasury Bills
  2. Government of India (GoI) dated securities
  3. Sovereign Gold Bonds (SGB)
  4. State Government Securities (SGSs) [earlier called State Development Loans (SDLs)]
  5. Floating Rate Savings Bonds, 2020 (Taxable) – FRSB 2020 (T)

How to invest under Retail Direct Scheme?

The retail investor must open a Retail Direct Gilt (RDG) Account with RBI at  https://rbiretaildirect.org.in/#/

Who can open RDG Account?

For opening and maintaining a RDG Account, a retail investor needs the following –

  1. Rupee savings bank account maintained in India
  2. Permanent Account Number (PAN) issued by Income Tax Department
  3. Any Officially Valid Document (OVD) for KYC purpose
  4. Valid email id
  5. Registered mobile number

Non-Resident retail investors who are eligible to invest in Government Securities under the FEMA, 1999 are eligible to open RDG Account.

RDG Account can be opened singly / jointly with another retail investor who meets the eligibility criteria. 

An individual can open only one RDG Account. The second holder in a joint RDG Account may also open an individual RDG Account.

What are other features of RDG Account?

  1. Payments can be made through net-banking / UPI facility from the linked bank account.
  2. Securities held in RDG Account will be available for pledge / lien.
  3. Retail Direct Investors will have an online facility to gift government securities to other Retail Direct Investors.
  4. It is mandatory to provide nomination details for the RDG Account. An investor can nominate up to 2 persons who are eligible to invest in government securities.

What are the charges for maintaining RDG Account?

  1. No fee charged for opening and maintaining RDG Account.
  2. No fee charged for submitting bids in the primary auctions.
  3. Fee for payment gateway etc., as applicable, will be borne by the investor.

Whom to contact for any queries and complaints related to Retail Direct Scheme?

  1. Toll free phone number: 1800 267 7955 (between 9 am to 7 pm on any working day).
  2. E-mail id: support@rbiretaildirect.org.in
  3. Raise a request on the Retail Direct portal https://rbiretaildirect.org.in/#/.

What are the other methods for accessing the Retail Direct portal?

RBI has launched the Retail Direct Mobile App to provide retail investors a seamless and convenient access to the retail direct platform and provide ease of transacting in government securities (G-Secs). The mobile app can be downloaded from the Play Store for Android users and App Store for iOS users.


References

Reserve Bank of India. (2021, November 12). 'FAQ-Retail Direct Scheme'. Retrieved from https://www.rbi.org.in/Scripts/FAQView.aspx?Id=145

Reserve Bank of India. (2021, November 12). 'RBI Retail Direct Scheme'. Retrieved from https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52548 and https://rbidocs.rbi.org.in/rdocs/content/pdfs/RBIRDS151121_AN.pdf

Reserve Bank of India. (2023, October 23). 'Subscription to Floating Rate Savings Bonds, 2020 (Taxable) through RBI Retail Direct Portal'. Retrieved from https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=56614

Reserve Bank of India. (2024, May 28). 'Launch of PRAVAAH, RBI Retail Direct Mobile Application and FinTech Repository'. Retrieved from https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=57990


Follow at - Telegram   Instagram   LinkedIn   Twitter

Labels:

Comments

Post a Comment

Popular Posts

Modified Interest Subvention Scheme for Agricultural Loans

Reserve Bank of India (RBI) has published the modified interest subvention scheme (MISS) for short term loans for agriculture and allied activities availed through Kisan Credit Card (KCC) during the financial year 2025-26. Which loans are covered under modified interest subvention scheme (MISS)? The short-term crop loans and short-term loans for allied activities including animal husbandry, dairy, fisheries, bee keeping etc. up to an overall limit of ₹3 lakh to farmers through KCC during the year 2025-26 will be covered for interest subvention. Which lending institutions are covered under MISS? The MISS is applicable to the lending institutions viz. Public Sector Banks (PSBs) and Private Sector Banks (in respect of loans given by their rural and semi-urban branches only), Small Finance Banks (SFBs) and computerized Primary Agriculture Cooperative Societies (PACS) ceded with Scheduled Commercial Banks (SCBs), on use of their own resources.  How much is the interest subvention? The a...
Post a Comment
Read more

Reserve Bank - Integrated Ombudsman Scheme, 2026 (RB-IOS, 2026)

Reserve Bank of India (RBI) has issued Reserve Bank - Integrated Ombudsman Scheme, 2026. Who is RBI Ombudsman and RBI Deputy Ombudsman? RBI may appoint one or more of its officers as RBI Ombudsman and RBI Deputy Ombudsman, to carry out the functions entrusted to them under the Reserve Bank - Integrated Ombudsman Scheme (RB-IOS).  The appointment of RBI Ombudsman or RBI Deputy Ombudsman shall be for up to 3 years at a time. RBI Ombudsman shall have the power to examine and close all complaints.   RBI Deputy Ombudsman shall have the power to close those complaints falling under clause 10 of the RB-IOS (i.e. non-maintainable complaints) and complaints resolved as per the provisions of the clause 14(8)(a) to 14(8)(c) of the RB-IOS (i.e. complaint resolved / withdrawn). Which entities are covered under the RB-IOS? RB-IOS shall be applicable to the following Regulated Entities (REs) – Commercial Banks Regional Rural Banks  State Co-operative Banks Central Co-operative Bank...
Post a Comment
Read more

Internal Ombudsman for Regulated Entities (Banks, NBFCs, PPI Issuers and CICs)

Reserve Bank of India (RBI) has issued directions on Internal Ombudsman for regulated entities. To whom shall the directions on Internal Ombudsman (IO) be applicable? The directions on IO shall be applicable to the following Regulated Entities (REs) – Commercial Banks (other than Small Finance Banks, Payment Banks, and Local Area Banks) having 10 or more banking outlets in India as on March 31, 2025, whether such bank is incorporated in / outside India Small Finance Banks having 10 or more banking outlets in India as on March 31, 2025 Payments Banks having 10 or more banking outlets in India as on March 31, 2025 Non-Banking Financial Companies (NBFCs) fulfilling the following criteria as on March 31, 2025 – Deposit-taking NBFCs (NBFCs-D) with 10 or more branches Non-Deposit taking NBFCs (NBFCs-ND) with asset size of ₹5,000 crore and above and having public customer interface Non-Bank Prepaid Payment Instruments Issuers having more than 1 crore Prepaid Payment Instruments (PPIs) outstan...
Post a Comment
Read more

Financial Literacy Week (FLW) 2026

Reserve Bank of India (RBI) has observed financial literacy week from February 09 to 13, 2026. Financial Literacy and Financial Education Organization for Economic Co-operation & Development (OECD) defines ‘financial literacy’ as a combination of financial awareness, knowledge, skills, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual financial well-being.  OECD defines ‘financial education’ as the process by which financial consumers / investors improve their understanding of financial products, concepts and risks and through information, instruction and / or objective advice, develop the skills and confidence to become more aware of financial risks and opportunities, to make informed choices, to know where to go for help and to take other effective actions to improve their financial well-being. Financial Literacy Week (FLW) Reserve Bank of India (RBI) has been observing Financial Literacy Week (FLW) every year since 2016 to p...
Post a Comment
Read more

What is Reserve Bank of India – Digital Payments Index (RBI-DPI)? (Updated on February 12, 2026)

There have been continuous efforts by various stakeholders for digitization of payments in the country. But how to we measure the impact of these efforts?  What is Reserve Bank of India – Digital Payments Index (RBI-DPI)? Reserve Bank of India (RBI) has constructed a composite Digital Payments Index (DPI) to capture the extent of digitization of payments across the country. What are the parameters of RBI-DPI? The RBI-DPI comprises of five broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods. These parameters along with their weights in the RBI-DPI are as follows –  Payment Enablers (25%) Payment Infrastructure – Demand-side factors (10%) Payment Infrastructure – Supply-side factors (15%) Payment Performance (45%) Consumer Centricity (5%).  Each of these parameters have sub-parameters which, in turn, consist of various measurable indicators.  What is the base year for RBI-DPI? The RBI-DPI ...
Post a Comment
Read more