Mobile app to be launched to ease investments in G-sec: RBI

The Reserve Bank of India governor, Shaktikanta Das, while announcing its key monetary policy decisions today (April 5), also announced certain additional measures. As part of this, Das said that there is a proposal to launch a mobile application to access the retail direct portal for government securities (G-securities).

It must be noted here that the RBI Retail Direct Scheme launched in November 2021 gives access to individual investors to maintain gilt accounts with the RBI and invest in government securities. 

“The scheme enables investors to buy securities in primary auctions as well as buy/sell securities through the NDS-OM platform. To further improve ease of access, a mobile application for the Retail Direct portal is being developed. The app will enable investors to buy and sell instruments on the go, at their convenience,” said the Statement on Developmental and Regulatory Policies.

Further, it will be of greater convenience to retail investors and deepen the G-sec market.  This app will be available for use shortly, it added.