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New Delhi: Prime Minister Narendra Modi will launch two innovative, customer-centric initiatives of the Reserve Bank of India (RBI), the retail direct scheme and the integrated ombudsman scheme, via video-conferencing on Friday.
In a statement on Thursday, the Prime Minister’s Office (PMO) said the RBI Retail Direct Scheme is aimed at enhancing access to the government securities market for retail investors.
It offers them a new avenue for directly investing in the securities issued by the Centre and the state governments.
The investors will be able to easily open and maintain their government securities accounts online with the RBI for free, it added.