{"id":7385,"date":"2021-08-26T03:09:39","date_gmt":"2021-08-26T03:09:39","guid":{"rendered":"https:\/\/kredx.com\/blog\/?p=7385"},"modified":"2023-10-26T05:51:08","modified_gmt":"2023-10-26T05:51:08","slug":"take-a-look-at-how-to-open-a-gilt-account-with-rbi-to-purchase-government-bonds","status":"publish","type":"post","link":"https:\/\/www.kredx.com\/blog\/take-a-look-at-how-to-open-a-gilt-account-with-rbi-to-purchase-government-bonds\/","title":{"rendered":"Take A Look At How To Open a Gilt Account With RBI To Purchase Government Bonds"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7385\" class=\"elementor elementor-7385\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4b17b6d4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4b17b6d4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7a516dc2\" data-id=\"7a516dc2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-572daf5d elementor-widget elementor-widget-text-editor\" data-id=\"572daf5d\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In July 2021, the RBI introduced a dedicated domain for investors interested in purchasing <\/span><a href=\"https:\/\/kredx.com\/blog\/should-you-invest-in-government-bonds-directly\/\" target=\"_blank\" rel=\"noopener\"><b>government bonds<\/b><\/a><span style=\"font-weight: 400;\">. For this, the Central Bank will offer access to its RDG or Retail Direct Gilt account.\u00a0<\/span><\/p><p><i><span style=\"font-weight: 400;\">Read on to find out how you can open a gilt account with RBI.<\/span><\/i><\/p><h2><b>Steps To Open A Gilt Account With RBI<\/b><\/h2><p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.kredx.com\/blog\/how-is-invoice-discounting-becoming-popular-among-retail-investors\/\">Retail investors<\/a> can open a retail direct gilt account through RBI\u2019s online portal. Registered investors can also access government securities\u2019 primary issuance through the website. It offers the following types of investments to users:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Treasury bills by the GoI<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Government dated securities<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">State Development Loans (SDLs)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sovereign Gold Bonds (SGB)<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Here are the steps to follow to get started with an RDG account:<\/span><\/p><p><b>Step 1:<\/b><span style=\"font-weight: 400;\"> Visit the Reserve Bank of India\u2019s website.<\/span><\/p><p><b>Step 2:<\/b><span style=\"font-weight: 400;\"> Fill out the designated online form as prescribed for an RDG account.<\/span><\/p><p><b>Step 3:<\/b><span style=\"font-weight: 400;\"> Enter all the relevant details. Then, authenticate the same by entering an OTP generated against your registered email address and contact number.<\/span><\/p><p><b>Step 4:<\/b><span style=\"font-weight: 400;\"> Your RDG account will open once the registration is successful.<\/span><\/p><p><b>Step 5:<\/b><span style=\"font-weight: 400;\"> At this point, you will receive all the instructions pertaining to accessing the web portal via email or SMS.<\/span><\/p><h2><b>Requirements To Open RBI\u2019s RDG Account<\/b><\/h2><p><span style=\"font-weight: 400;\">An individual must meet a set of requirements in order to register and maintain an RDG account with RBI. These requisites are as below:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An investor must have a savings account.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The individual should have a PAN as provided by the Income Tax Department of India.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An applicant must also have a valid contact number and an email address.<\/span><\/li><\/ul><h2><b>Charges And Fees To Open An RDG Account With RBI:<\/b><\/h2><p><span style=\"font-weight: 400;\">Here is a rundown on the applicable fees and charges when you open a retail direct gilt account:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investors are liable for any charges and fees associated with payment gateways and other services.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Reserve Bank of India does not levy any charge or fee to open and maintain a retail direct gilt account.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There are no fees applicable in the primary auctions\u2019 submitting bids.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">However, investors must note that the starting date of this proposition is yet to be announced.\u00a0<\/span><\/p><h3><b>How To Invest In Bonds Online?<\/b><\/h3><p><span style=\"font-weight: 400;\">In order to <\/span><b>invest in<\/b> <b>bonds <\/b><span style=\"font-weight: 400;\">via online investment platforms, you must follow these steps below:<\/span><\/p><p><b>Step 1:<\/b><span style=\"font-weight: 400;\"> Visit the official website.<\/span><\/p><p><b>Step 2:<\/b><span style=\"font-weight: 400;\"> Log in to the portal by submitting your registered email ID and password. In case you are not registered with the portal, you can easily sign up by furnishing a few details, such as your mobile number, name, email ID, password, and referral code (if any).<\/span><\/p><p><b>Step 3:<\/b><span style=\"font-weight: 400;\"> Once logged in, browse through the website and check the available bond options. Then, select a bond that you believe aligns with your financial goals.<\/span><\/p><p><b>Step 4:<\/b><span style=\"font-weight: 400;\"> Enter the number of units of your preferred bond.<\/span><\/p><p><b>Step 5:<\/b><span style=\"font-weight: 400;\"> Click on the button \u2018Book Now\u2019.<\/span><\/p><p><span style=\"font-weight: 400;\">With these simple steps, you can <\/span><b>invest in bonds<\/b><span style=\"font-weight: 400;\"> by way of a convenient and straightforward process. After your registration is complete, the fintech\u2019s relationship manager will reach out to you via a phone call to complete your <\/span><b>bond investment<\/b><span style=\"font-weight: 400;\">.<\/span><\/p><h4><b>Bottom Line\u00a0<\/b><\/h4><p><span style=\"font-weight: 400;\">By allowing investors to open an RDG account, the Reserve Bank of India has made it a lot easier to invest in <\/span><b>government bonds<\/b><span style=\"font-weight: 400;\">. That said, the Central Bank is yet to announce its starting date for this facility. However, they must be cautious when choosing an investment platform. It is wise to opt for one that offers a wide range of <a href=\"https:\/\/www.kredx.com\/investment\/invoice-discounting\/alternative-investment\">investment<\/a> products so that investors can pick the one that suits them best.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In July 2021, the RBI introduced a dedicated domain for investors interested in purchasing government bonds. For this, the Central Bank will offer access to its RDG or Retail Direct Gilt account.&nbsp; Read on to find out how you can open a gilt account with RBI. Steps To Open A Gilt Account With RBI Retail [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7386,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[879],"tags":[882,98,860,890,528],"class_list":["post-7385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bond-investment","tag-bond-investment","tag-bonds","tag-government-bonds","tag-invest-in-bonds","tag-rbi"],"_links":{"self":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts\/7385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/comments?post=7385"}],"version-history":[{"count":14,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts\/7385\/revisions"}],"predecessor-version":[{"id":14849,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts\/7385\/revisions\/14849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/media\/7386"}],"wp:attachment":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/media?parent=7385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/categories?post=7385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/tags?post=7385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}