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RBI said: "The RBI Retail Direct Scheme was launched in November 2021. It is now proposed to launch a mobile app for accessing the Retail Direct portal. This will be of greater convenience to retail investors and deepen the G-sec market."
RBI Retail Direct Mobile App: The central bank announced the launch of mobile app for RBI Retail Direct portal for investing in government securities. This will make it easier for retail investors to buy, sell and invest in central government bonds, state government bonds, treasury bills, Sovereign Gold Bonds via Retail Direct Portal. The RBI launched the RBI Direct Scheme in November 2021 to make it easier for common man to invest.
The central bank launched the RBI Retail Direct scheme in November 2021.
The policy review committee decided to keep repo rate unchanged for the seventh time in a row and said that it remains vigilant towards upside risks to food inflation. It has projected CPI inflation at 4.5 percent and GDP at 7 percent for FY25
Get latest articles and stories on Business at LatestLY. The Reserve Bank of India has proposed the idea of depositing cash in Cash Deposit Machines (CDMs) using UPI mechanism, in what could be another boost to already widely recognised technology. Business News | RBI Proposes Depositing Cash in Cash Deposit Machines Using UPI; Widens Scope of CBDC.