This is huge!
Retail can invest in Government Securities directly by opening an account with RBI
Retail can invest in Government Securities directly by opening an account with RBI
No transaction costs... no commissions... direct investment in G-Secs
1. Retail can buy directly from RBI
2. No transaction cost no brokerage
3. G sec is more secured than an FD cos it's directly issued by the government
4. FD you need to pay penalty for breaking etc. Here there is liquidity and you can sell G-Sec at any point of time
2. No transaction cost no brokerage
3. G sec is more secured than an FD cos it's directly issued by the government
4. FD you need to pay penalty for breaking etc. Here there is liquidity and you can sell G-Sec at any point of time
Perhaps this direct window from RBI will reduce situations like the tweet thread below!
https://twitter.com/deepakshenoy/status/1458830110740549635?t=jSqt36wB9pqc88_1PGHiIw&s=19
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