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?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Reserve Bank of India.
Retail Direct Scheme
- The RBI Retail Direct Scheme was launched on November 12, 2021.
- This scheme was launched by the Prime Minister of India.
- It provides a one-stop solution for retail investors to purchase government securities, including treasury bills, dated securities, sovereign gold bonds, and state development loans, both in the primary and secondary markets.
- Individuals can open a Gilt Securities Account (Retail Direct Gilt (RDG) account) with the RBI through an online portal to participate in the scheme.