RBI News: Now you can easily invest in government bonds, RBI is going to launch mobile app, you will get these benefits

New Delhi: Till now it remains difficult for common people to invest in government securities (bonds) etc. Big financial institutions across the country invest in government bonds. Due to this, these institutions also get a fixed return. Now the Reserve Bank of India (RBI) is developing a mobile app to increase retail investment in this segment, which will make it easier for the common people to invest in government bonds. The Reserve Bank of India (RBI) will soon launch a mobile app to facilitate participation of retail investors in the government securities market. RBI Governor Shaktikanta Das made this proposal while presenting the first monetary policy review of the current financial year on Friday. The RBI’s retail ‘Direct Scheme’, launched in November, 2021, allows individual investors to maintain gilt accounts with the central bank and purchase government securities. Provides facility to invest. The scheme enables investors to buy securities in the primary auction as well as buy/sell securities through the NDS-OM platform.

The central bank said that to make this access easier and better, a retail mobile app ‘Direct Portal’ is being created. The app will enable investors to buy and sell instruments on the go, at their convenience. The app will be available for use soon.

The Reserve Bank of India (RBI) on Friday made no change in the policy repo rate in the first bi-monthly monetary policy review of the current financial year and kept it at 6.5 percent. The policy rate has been kept unchanged with the aim of bringing down inflation to four percent and accelerating economic growth amid global uncertainty. This is the seventh consecutive time that the repo rate has not been changed.