Latest news with #RetailDirectScheme
Business Standard
06-08-2025
- Business
- Business Standard
RBI introduces auto-bidding facilities in RBI Retail Direct for investment and re-investment in T-bills
The Reserve bank of India, in order to enable investors to systematically plan their investments, has enabled in retail direct, an auto-bidding facility for Treasury bills (T-bills), covering both investment and re-investment options. The Reserve Bank of India, in its statement on developmental and regulatory policy measures said that the new functionality helps investors to mandate automatic placement of bids in primary auctions of T-bills. The Retail Direct portal was launched in November 2021 to facilitate retail investors to open their Gilt accounts with the Reserve Bank under the Retail Direct Scheme. The scheme allows retail investors to buy Government Securities (G-Secs) in primary auctions as well as buy and sell G-Secs in the secondary market. Since the launch of the Scheme, various new features, in terms of product as well as payment options, have been introduced, including launch of a mobile app in May 2024.
Indian Express
06-08-2025
- Business
- Indian Express
Jan Dhan re-KYC to SIPs for treasury bills: The 3 key announcements for consumers by RBI governor Sanjay Malhotra
Reserve Bank of India Governor Sanjay Malhotra on Wednesday made a series of announcements that were consumer centric in nature, after sharing the monetary policy committee's decision to keep the repo rate unchanged at 5.50 per cent. RBI Governor Malhotra announced that bank accounts opened under the PM Jan Dhan Yojana will be up for an update of accountholders' KYC (know-your-customer norms). In another key announcement, he stated that the central bank will standardise the process for claims on accounts of deceased persons. Moreover, investors will now be able to buy Indian treasuries in SIP mode, he said. Find out more here: As Jan-dhan Scheme completes 10 years, a large number of accounts have fallen due for re-KYC (know your customer) . The banks are organising camps at Panchayat level from July 1 to September 30, in an endeavour to provide services at customer doorsteps. Apart from opening new bank accounts and re-KYC, the camps will focus on micro insurance and pension schemes for financial inclusion and customer grievance redress. Governor Malhotra said that the central bank will be standardising the procedure for settlement of claims in respect of bank accounts, and articles kept in safe custody or safe deposit lockers of deceased bank customers. 'With a view to enhance customer service standards, it has been decided to streamline the procedures and standardise the documentation to be submitted to the banks,' Malhotra said. The RBI will soon be issuing a draft circular on this for public consultation. Malhotra said that the RBI is expanding the functionality in RBI Retail-Direct platform to enable retail investors to invest in treasury bills through systematic investment plans. 'To enable investors to systematically plan their investments, an auto-bidding facility for treasury bills (T-bills), covering both investment and re-investment options, has been enabled in Retail Direct,' the governor said. The new functionality will help investors to mandate automatic placement of bids in primary auctions of T-bills. The Retail Direct portal was launched in November 2021 to facilitate retail investors to open their Gilt accounts with the Reserve Bank under the Retail Direct Scheme.
New Indian Express
06-08-2025
- Business
- New Indian Express
RBI allows SIP in treasury bills via Retail Direct
NEW DELHI: Retail investors will be able to invest in Treasury Bills through Systematic Investment Plans (SIPs) on the RBI's Retail Direct platform, RBI governor Sanjay Malhotra announced on Wednesday. This is part of the expansion plan of the Retail Direct scheme, under which retail investors can invest in government securities. Treasury bills are short-term government securities with tenure up to one year. Treasury bills do not promise any interest, but are available at a discount price which can be redeemed at a nominal value. The investor thus earns through capital gains. Currently, investors could invest indirectly in treasury bills through liquid funds offered by mutual funds. But with Retail Direct, they can directly purchase T-bills from the government. To enable investors to systematically plan their investments, an auto-bidding facility for Treasury bills (T-bills), covering both investment and re-investment options, has been enabled in Retail Direct. The new functionality helps investors to mandate automatic placement of bids in primary auctions of T-bills. The Retail Direct portal was launched in November 2021 to facilitate retail investors to open their Gilt accounts with the Reserve Bank under the Retail Direct Scheme. The scheme allows retail investors to buy Government Securities (G-Secs) in primary auctions as well as buy and sell G-Secs in the secondary market. Since the launch of the Scheme, various new features, in terms of product as well as payment options, have been introduced, including launch of a mobile app in May 2024.
