G-Secs: What is RBI retail direct app and how can investors use it to buy bonds?

RBI direct retail scheme is a one-stop solution which enables investors to invest in government securities (G-Secs) seamlessly

MintGenie Team, Written By Vimal Chander Joshi
Published30 Sep 2024, 09:59 AM IST
RBI direct retail scheme is a one-stop solution which enables investment in government securities by individual investors
RBI direct retail scheme is a one-stop solution which enables investment in government securities by individual investors

Are you interested in buying government securities and bonds? If yes, you can buy them on RBI Direct Retail app or portal.

For the unversed, RBI direct retail scheme was launched in Nov 2021, which enables investment in government securities by individual investors. Under this scheme, investors can open a Gilt Securities Account — Retail Direct Gilt account with the RBI.

Meanwhile, the finance ministry announced recently that out of gross market borrowing of 14.01 lakh crore budgeted for the current fiscal, 6.61 lakh crore (47.2 per cent) will be borrowed in the second half of the year through the issuance of dated securities, which also includes 20,000 crore of Sovereign Green Bonds (SGrBs).

Although the RBI Retail Direct Scheme was introduced in Nov 2021, the mobile app was launched in May 2024. The app is available on Play Store for android users as well as on App Store.

Also Read | RBI sells bonds for 11th week in a row, longest streak since January 2022

Government Security (or G-Secs) is a financial instrument issued by the Central government or the state governments which acknowledges the debt obligation of the government.

These securities are either short term (with maturity of less than one year) or long term (usually called government bonds or dated securities with maturity of one year or longer).

RBI Direct Retail App

The RBI Direct Retail app enables investors to buy Central government securities (including Treasury Bills and sovereign gold bonds) as well as securities issued by various state governments.

The app has a rating of 3.8 with 536 reviews (as on Sept 28, 2024) and only one lakh plus downloads.

Through this app, one can invest in primary markets via bond auctions as well as in secondary markets through NDS OM which is RBI’s trading system.

It is interesting to note that investors receive interest as well as maturity proceeds directly into a bank account on the due dates.

The app has a rating of 3.8 with 536 reviews (as on Sept 28, 2024) and only one lakh plus downloads.

Latest features

The banking regulator recently introduced a few features on RBI Retail Direct Mobile App for improving the user experience of participation in the G-Sec market through the mobile app.

Also Read | Govt eyes mobile app version of procurement portal to help small biz

1. Quick Access menu: A new screen was added containing separate icons to give quick access to various pages of the app such as details about government securities, participation in primary auction and buy/sell securities through secondary market (NDS-OM Retail).

2. Switching between the two: This enables a user to access and switch between the RBI Retail app and NDS-OM Retail app without a separate login.

Also Read | Mutual Funds: A safer, diversified alternative to SME IPOs for retail investors

3. Explanatory videos: A number of walkthrough videos were also added to the retail direct app which explain how to access and use the two apps: RBI Retail Direct App and NDS-OM Retail.

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First Published:30 Sep 2024, 09:59 AM IST
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