RBI Retail Direct Scheme, Apply Online, Registration Form 2022, Login @rbiretaildirect.in

Reserve Bank of India, also known as RBI, is one of India’s apex banking and financial regulatory board. So far, it has introduced various schemes in the country. Now, it has come up with another initiative called RBI Retail Direct Scheme. The scheme was launched on 12 November by our honorable Prime Minister of India, Shri Narendra Modi. The main objective of the Retail Direct Scheme is to provide a safe and simple medium of investment in government securities. Moreover, the newly announced scheme will bring middle-class people, employees, small businessmen, and senior citizens with their small savings directly and securely in government securities. We will guide you more in this article by giving you exclusive information about the RBI Retail Direct Scheme in detail.

RBI Retail Direct Scheme

This article explains the complete details about the Reserve Bank of India’s Retail Direct Scheme, Step by Step Guide to Apply Online for the scheme, Features, and Highlights, Documents Required, Working Procedure, Process to Fill in the Online Registration Form 2022, and Login Guide on the Official Portal of RBI Retail Direct.

Highlights and Features of RBI Retail Direct Scheme 

Let us look at the highlights and features of the RBI Direct Scheme announced by the Union Government of India.

• Our beloved Prime Minister, Mr. Narendra Modi, has recently announced the RBI Retail Direct Scheme in the country.
• The following scheme aimed at facilitating investment in Government Securities by individual investors
• The following scheme assists the business people, middle class, senior citizens, employees, etc. Moreover, it helps them with their small savings directly and securely in government securities.
• As government securities have the provision of guaranteed settlement, the RBI Retail Direct Scheme gives assurance of safety to the small investor.
• Besides, the PM has also claimed that the scheme has been touted as a significant milestone in developing the G-sec market. This is because it will bring in G-secs within easy reach of the common man by simplifying the investment process.
• G-secs usually carry no credit risk because the central government is the borrower. However, G-secs are entirely risk-free instruments. 
• G-sec funds carry interest rate risk. The price of G-secs is inversely correlated to interest rates. For example, if the interest rates go up, the bond prices fall and vice versa. While investing in G-Sec funds, the investors must take into account this interest rate risk.
• Once after the announcement, the scheme has immediately crossed over 12000 registrations online.
• It also helps the fast addressing of the grievances and simplifies the mechanism of handling them.

“RBI’s Retail Direct scheme will enable small investors to participate in the government’s bond market for their financial security,” said PM Narendra Modi. “In this 21st century, the period of Amrit Mahotsav is crucial for the country’s development. We are confident that the Team RBI lives up to the expectations of the country,” PM Said.

Working Procedure of the RBI Retail Direct Scheme

Let us see the guide to know about the working procedure for the recently announced Retail Direct Scheme from RBI.

• Government Securities are the debt instruments (bonds and treasury bills) issued by the Reserve Bank of India.
• It issues on behalf of the central government of India.
• The Retail investors will have access to bidding in primary auctions and the central bank’s trading platform for government securities called Negotiated Dealing System-Order Matching Segment, or NDS-OM, said Reserve Bank of India.

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Documents Required for the RBI Retails Direct Scheme 

Find out the list of documents required for the RBI Retail Direct Scheme, as shown below.

• PAN
• Mobile number
• E-mail address
• Scanned copy of your signature
• Bank account details (by uploading a canceled cheque or manually entering the details on the portal)
• Aadhaar number with a mobile number linked to it

Should People Invest in RBI Retail Direct Scheme?

• Most people are doubtful whether to invest in the Retail Direct Scheme or Not. So let us see if you can invest in this scheme or not.
• The launch of the RBI Direct scheme will enable investors to directly invest in central government securities, sovereign gold bonds, state development loans, etc.
• It is a positive move towards building more robust and inclusive financial systems. 
• The scheme will also enable the individual investors to play out directly in risk-mitigated financial instruments and make elevated yields. 
• Besides, it is also a step towards building a vibrant digital economy in the country.
• Thus, it is safe and secure to invest in the Retail Direct Scheme announced recently by RBI.

How to Apply Online for RBI Retail Direct Scheme, Investor Registration Form

Let us find the online procedure to apply for the RBI Retail Direct Scheme and Online Registration on the Official Portal.

• Please go and visit the Official Portal of RBI Retail Direct Online.
• It takes the online users to the Home Page below.

• Click on the Register Here button on the same page.
• It then redirects the online users to the following page below.

• Select the Account Type: Single Account or Joint Account.
•  Enter the Full Name, PAN Number, E-mail ID, Mobile Number, Date of Birth, and Login Name.
• Click on the Checkbox: I/We have read, understood, and accept the Terms and Conditions of RBI Retail Direct.
• Verify all the details and click on the Preview and Submit button.
• It then previews the application form. If you feel the details are true, you can complete the application process by clicking on the final submit button.
• The applicants can also take a print copy of the application form for their reference.

RBI Retail Direct Login Procedure Online 

Let us now see the guide to log in online on the official portal of RBI Retail Direct, as shown below.

• Please go and visit the Official Portal of RBI Retail Direct Online.
• It takes the online users to the Home Page below.

• It displays the Login Page also on the same page.
• Enter the E-mail or Mobile Number or Login Name, and Enter the Password.
• Click on the Login button.

All the interested applicants can visit the Official Website and Apply Online for the RBI Retail Direct Scheme.

FAQs on Retail Direct Scheme RBI

Last Updated on January 26, 2022 by Vaibhav Tiwari