Today, on 12th November 2021 PM Modi has launched RBI schemes with the vision to support and raise investment avenues. Now, retail investors can step ahead in the Government Bond Market. These two schemes are exclusive, innovative, and customer-centric. It is an initiative to make the capital market easily accessible, and safe.
- RBI Retail Direct Scheme
- Reserve Bank – Integrated Ombudsman Scheme
RBI Retail Direct Scheme
It is one of the customer-centric schemes of the RBI that will provide an easy, safe and dedicated platform to invest for small retail investors. Now, they can access the benefit of the RBI Retail Direct Scheme and deal in sovereign gold bonds, state development loans, and government securities.
RBI Integrated Ombudsman Scheme
This scheme is an up-gradation of grievance redress mechanism that is used by the investors to lodge formal complaints if they found something wrong related to entities. The RBI Integrated Ombudsman Scheme is conceptualized as One Nation-One Ombudsman. With this innovative scheme, customers can lodge their grievances (complaints) on a uniform portal with the help of a single email and password. Customers can do the following things also:
- Submit the documents,
- Track status
- Share feedback
With these innovative initiatives, things will be more comfortable, convenient, risk-free, and investors have more opportunities to access.
The mode of the launch was kept virtual by safety concerns of the pandemic. Also, everyone can get direct information coming through PM Modi. All the reputed members were part of this launch including Finance Minister Nirmala Sitharaman, RBI Governor, Shaktikanta das.