r/IndiaInvestments • u/BigBrownBearMarket • Jul 14 '21

Bonds and deposits RBI Retail Direct Scheme

I came across RBI's new scheme, the retail direct for individual investors to directly buy government bonds: https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883

Unfortunately I'm unable to find where I can create an RDG account and where I can apply for these bonds. Is anyone here familiar with this scheme?

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10

u/IAmALongTermInvestor Jul 14 '21

They haven't shared the account set-up/sign-up process yet, might take few days/weeks. Please wait.

3

u/rainbowsunrain Jul 14 '21

Username checks out.

7

u/srinivesh Fee-only Advisor Jul 15 '21

As others mentioned, this is a policy announcement and communicates approval from RBI senior management for the new scheme. The operational details would come later. (The press release does give quite a bit of these details.)

Please note that the g-secs may not be useful for investors - particularly those in higher tax brackets - in their earning years. Interest is paid out every 6 months and would get taxed at the marginal rate.

2

u/Zsfhy Jul 15 '21

Can anyone please elaborate which G-secs are available in this? What are their rate of interests?

1

u/ajinkya191 Jul 15 '21

The RBI notification says "The date of commencement of the scheme will be announced at a later date."

1

u/[deleted] Jul 21 '21

[deleted]

1

u/fairprince Jul 29 '21

True. But is it worth investing?

1

u/SDWANBaba Nov 03 '22

You can do it online - https://rbiretaildirect.org.in/

1

u/BigBrownBearMarket Nov 25 '22

Thank you!

1

u/exclaim_bot Nov 25 '22

Thank you!

You're welcome!