How To Open RBI Retail Direct Gilt Account
RBI Retail Direct Gilt Account Opening: There has been a lot of good news from RBI for the retailers, RBI has now started RBI Retail Direct service to invest, in which you can invest directly from the account itself. In this you will be able to invest in Government Security, Bills Bonds, Treasury Bills, dated securities, Sovereign Gold Bonds SGB, State Development Loans SDLs etc. All these things are like FD’s, in which you get assured returns, and also you get more returns than FD’s in Government Bonds, Bills. All these are also safe and secure, so that there is no chance of your money sinking.
Till now, there was no way for the retail investor to invest directly in government securities, bonds. But now you will be able to invest in all these government securities and bonds from ‘RBI Retail Direct Gilt Account’.
RBI Retail Direct Gilt Account’ scheme
- RDG Account can be opened through an ‘Online portal’
- Open and maintain the ‘Retail Direct Gilt Account’ RDG Account with RBI.
- Facilities: Access to primary issuance of Government securities & Access to NDS-OM.
Fee & Charges
- No fee will be charged for opening and maintaining ‘Retail Direct Gilt account’ with RBI.
- No fee will be charged by the aggregator for submitting bids in the primary auctions.
If you also want to RBI Retail Direct Gilt Account Opening, then you can follow the steps given below
STEP 1: First, you have to go to the official website of RBI retail direct.
STEP 2: Now click on RBI Retail Direct Account.
STEP 3: Now you have to give the first holder details, in which select your account type Single or Joint.
- Your full name
- Pan card
- Email which will be validated with OTP
- Mobile number which will be validated with OTP
- Date of birth
- Login name as your user ID
- Accept the terms by ticking.
- Now click on Preview and Submit. After preview, click on submit again.
STEP 4: Now click on which process you have to enter.
STEP 5: Now click on start.
STEP 6: Now Select proceed with offline KYC, then click on next.
STEP 7: Now upload your PAN card. Then click on submit.
STEP 8: Now you have to download XML Aadhaar file and upload it with password. And click on Search Details.
Now you will be shown your Aadhaar details, fill the mother name and click on next.
STEP 9: Now you have to fill additional personal details. Then click on submit. In which :-
- Occupation Type
- Education
- Income Level
- Resident Status
- Country of Birth
- State of Birth
STEP 10: Now fill in the tax residency details, then click on Next.
STEP 11: Tick FATCA and PMLA declaration, then click on submit.
STEP 12: Tick the Permanent Address, then click on Submit.
Tick correspondence address, then click on Next.
STEP 13: Now you have to upload your signature. Then click on Next.
Now search and select the bank in which you have an account, and then click on submit.
STEP 14: Upload the bank passbook for bank verification.
STEP 15: Now you have to fill the account details. Then click on Transfer Amount.
STEP 16: Now you have to file the loan amount which has been deducted from your account. Then click on Verify.
Now you click on Next.
STEP 17: Nominee details have to be filled, then click on Next.
Now your applications are complete, now you have to do your KYC through video call. Click on get started.
In which :-
- PAN card
- Personal details
- After completing your video KYC, Then click on submit.
STEP 18: Now you have to sign e-mail, click on submit.
- The link will be received on your mail ID, click here on Preview and sign button.
- Tick the consent, then click on confirm signature.
- Now you have to fill Aadhaar number and fill OTP.
After doing All this, your application will be completed and will also be sent to your mail ID. Now you will be able to log in to RBI Retail Direct.
Investment
Retail investors can invest a minimum of ₹10,000 and up to 2 crore in multiples thereof in Central Government Securities [CG], State Government Securities (SG) and Treasury Bills (T-Bills) using the online by RBI Retail Direct Opening a Retail Direct Gilt account. In the case of Sovereign Gold Bond (SGB), the minimum investment unit is 1 gram. The maximum investment limit per bid specified by RBI is ₹2 crore for CG/T-Bill and 1 per cent for SG.
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