MANU/RPRL/0652/2023
Ministry : Reserve Bank of India
Department/Board : Press Release
Press Release No. : 2023-2024/1164
Date : 23.10.2023
Notification/ Circulars Referred : November 12, 2021 MANU/RPRL/0196/2021;Government of India
Notification
No.F.No.4(10)-B(W&M)/2020 dated June 26, 2020 MANU/EAFF/0084/2020
Citing Reference:
November 12, 2021 MANU/RPRL/0196/2021 Referred
Government of India
Notification
No.F.No.4(10)-B(W&M)/2020 dated June 26, 2020 MANU/EAFF/0084/2020 Referred
Subscription to Floating Rate Savings Bonds, 2020 (Taxable) through RBI Retail Direct Portal
RBI-Retail Direct Scheme was launched by the Hon'ble Prime Minister on November 12, 2021. Under the Scheme, individual investors are permitted to open Retail Direct Gilt account with the Reserve Bank of India, using an online portal (https://rbiretaildirect.org.in), through which investments in Government Securities can be made in primary and secondary market. The scheme has brought Government Securities within easy reach of retail investors by simplifying the process of investment.
Currently, retail investors can invest in Central Government Securities,
Treasury Bills, State Government Securities and Sovereign Gold Bonds through the
Retail Direct Portal. In its endeavour to expand the basket of products offered
through the Retail Direct Portal, Reserve Bank of India, in consultation with
the Government of India, has enabled subscription to Floating Rate Savings
Bonds, 2020 (Taxable) - FRSB 2020 (T). FRSBs are interest bearing,
non-tradeable bonds, issued by Government of India, which are repayable on the
expiration of seven years from the date of issue. Further details about FRSB
2020 (T) can be accessed at Government of India
Notification
No.F.No.4(10)-B(W&M)/2020 dated June 26, 2020.
Ajit Prasad
Director (Communications)