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NISM Certifications · NISM-Series-VI: Depository Operations · Special Services - Debt Instruments and Government Securities

A retail investor wants to buy G-Secs directly in primary auctions without a bidder's account with a bank, using the RBI Retail Direct facility. Where are the securities credited under this facility?

Under the RBI Retail Direct facility, securities bought in primary auctions or the secondary market are credited to a Retail Direct Gilt account that the investor opens and holds with the RBI through its online portal.

  1. AIn a Retail Direct Gilt (RDG) account maintained with the RBICorrect
  2. BIn a physical register at the investor's bank branch
  3. CIn a demat account with the stock exchange
  4. DIn a mutual fund folio opened by the DP

Explanation

Under the RBI Retail Direct scheme, individual investors open a Retail Direct Gilt account with the RBI via an online portal and hold the securities there. It is not a physical register, an exchange account or a mutual fund folio.

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