The Reserve Bank of India (RBI) has introduced two fresh website and mobile app offerings. According to an announcement by the central bank, the current website will continue to be accessible for a period, operating alongside the newly launched platforms.
The release also notes that “The new website and mobile application of the Reserve Bank of India was released today by Governor Shri Shaktikanta Das.”
Both Android and iPhone users will be able to download this new app from the Google Play Store and Apple App Store, respectively. The release also includes QR codes that can be scanned to download the app.
Apart from launching its app, RBI has also launched another mobile app for the Retail Direct portal. This mobile app will allow investors to invest in different types of government securities. This includes central government bonds, state government bonds, Treasury bills and more. Earlier, retail investors could only invest in these govt securities by logging on to the website.
Commenting on the launch of this app, the RBI Governor said to the Economic Times: “The RBI Retail Direct Scheme was launched in November 2021. It is now proposed to launch a mobile app for accessing the Retail Direct portal. This will be of greater convenience to retail investors and deepen the G-sec market. “
The central bank has offered a separate statement about the app that says: “RBI Retail Direct Scheme, launched in November 2021, gives access to individual investors to maintain gilt accounts with RBI and invest in government securities. The Scheme enables investors to buy securities in primary auctions as well as buy/sell securities through the NDS-OM platform. To further improve ease of access, a mobile application for the Retail Direct portal is being developed. The app will enable investors to buy and sell instruments on the go, at their convenience. The app will be available for use shortly.”
