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RBI’s retail direct platform for g-secs
November 26, 2021
Retail investors can finally invest into directly government securities gave by the Reserve Bank of India (RBI). Called, RBIs retail direct platform, it was launched on November 12. After some credit events in highly rated bonds, it comes as a help that retail investors would now be able to get to the danger free government securities (g-secs), as well.
Onboarding is smooth (https://www.rbiretaildirect.in) and takes under 10 minutes assuming you have every one of your details helpful. What you want is your Permanent Account Number (PAN), confirmed C-KYC (Know Your Customer), a filtered signature and an examined dropped check of the bank you wish to relegate for inflows and outflows.
Assignment is required. You would get two or three one-time passwords as a component of the record opening cycle.
Government bonds are without hazard. There is no risk of default on installments as they are ensured by the Government of India.
The 10-year g-sec is the most famous in this classification. In any case, g-secs come in changing residencies from 91-day depository bills to 40-year bonds. You can pick the lower development protections to stop close term cash and utilize since quite a while ago dated development g-secs for objectives that come later.
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