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RBI's 'Retail Direct Scheme' receives healthy response
RBI's 'Retail Direct Scheme' receives healthy response

Mumbai, Nov 13 (TIWN) Reserve Bank of India has received a healthy response for its customer centric initiative of 'Retail Direct Scheme'.

In a tweet, RBI on Saturday said: "Encouraging response to RBI Retail Direct Scheme; 12,000+ registrations as of 2.30 pm on November 13, 2021. #RBIRetailDirect #RBItoday."  The scheme was launched by Prime Minister Narendra Modi on Friday.  At the launch event, Prime Minister Modi said the 'Retail Direct Scheme' has given small investors in the country a simple and safe medium of investment in government securities.  Till now, small investors found the investment exercise in G-sec as a cumbersome process.  Furthermore, he pointed out that 'Retail Direct Scheme' will bring in the middle class, employees, small businessmen and senior citizens with their small savings directly and securely in government securities.  As government securities have the provision of guaranteed settlement, this gives assurance of safety to the small investor, he said.

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