The Reserve Bank of India on October 23, 2023 said retail investors can now subscribe to Floating Rate Savings Bonds, 2020 (Taxable) through its Retail Direct portal.
Banking & Finance
Retail investors can now subscribe to Floating Rate Savings Bonds, 2020 (Taxable) through its Retail Direct portal, the Reserve Bank said on October 23, 2023. Under the RBI-Retail Direct Scheme, launched in 2021, individual investors can open an online Retail Direct Gilt Account, making it easier to invest in government securities in both primary and secondary markets. Earlier, retail investors were required to register through the Retail Direct portal. It was allowed to invest in central government securities, treasury bills, state government securities and sovereign gold bonds. Now, investment in FRSB 2020 (T) can also be made by opening a Bond Ledger Account through the portal.
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