Retail Direct Mobile App for G-Sec

Published on 15 Apr 2025

• RBI launched Retail Direct mobile app for G-Sec (Government securities) transactions for retail or individual investors.
• App was launched as part of the Retail Direct Scheme of RBI started in 2021 as a one-stop solution to facilitate investment in G-Sec by individual investors.
• Retail investors, both resident and non-resident (fulfilling Foreign Exchange Management Act provisions), have the facility to open and maintain ‘Retail Direct Gilt Account’ with RBI to access primary issuance of G-Secs.

G - Sec

➡ G-Secs are financial instruments used by the government to borrow money, including short-term treasury bills (T-bills) and long term government bonds or dated securities. 

➡ In India, the Central Government issues both T-bills and bonds, while State Governments issue only bonds, known as State Development Loans (SDLs). 

➡ G-secs also include Sovereign Gold Bonds (SGBs) issued by the RBI on behalf of the Central Government. 

➡ T-bills are zero-coupon securities issued at a discount and redeemed at face value at maturity. 

➡ Dated G-secs are long-term (5-40 years) securities with a fixed or floating interest rate paid semi-annually on the face value.

Keywords:

Investment models Retail direct RBI Stock market Financial market Government securities Investment