Which of the following banks’ Retail Direct Scheme has been formulated as a one-stop solution to facilitate investment in government securities by individual investors?
Reserve Bank of India
The correct answer is Reserve Bank of India.
Investors can open a Retail Direct Gilt (RDG) account directly with the RBI. Investments can be made through various channels, including an online portal. This provides individuals with an alternative investment avenue and helps diversify portfolios with relatively safe instruments (backed by the government). The scheme covers primary market issuances (buying directly from the government) and secondary market transactions (buying/selling from other investors).
Important Questions from Banking Related Schemes
What is meant by ELSS in the context of Mutual Funds and Investments?
'SASHAKT' is a program launched by the Government of India in July 2018-
How many associate banks merged with State Bank of India (SBI) in 2017?
The “Surakshit Hum Surakshit Tum” campaign has been launched by ________.
In India, priority sector lending (PSL) by banks includes
1. Educational loan
2. Agricultural loan
3. Loan to cottage industries
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