Prime Minister Launches RBI Retail Direct Scheme

Prime Minister Narendra Modi on Friday launched two customer-centric initiatives of the Reserve Bank of India (RBI)- the RBI Retail Direct Scheme and the Reserve Bank - Integrated Ombudsman Scheme. With the RBI Retail Direct Scheme, small investors in the country have got a safe medium of investment in government securities. The scheme offers a new avenue for directly investing in securities issued by both Centre and state governments.

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