Skip to content

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

A retail investor wants to buy Government of India dated securities through the RBI Retail Direct platform. Where are such securities held when bought through this route?

Securities bought via RBI Retail Direct are held in the investor's Retail Direct Gilt account maintained with the RBI in book-entry form, not as physical certificates, mutual fund folios or bank deposit entries.

  1. AIn the investor's Retail Direct Gilt (RDG) account maintained with the RBICorrect
  2. BOnly in physical certificate form with the investor
  3. CIn a mutual fund folio opened in the investor's name
  4. DIn a bank's fixed deposit ledger

Explanation

Under the RBI Retail Direct scheme, retail investors open a Retail Direct Gilt account with the RBI and hold G-Secs in book-entry form. Physical certificates are not issued in this route, and a mutual fund folio or bank FD ledger is a different arrangement altogether.

Did you get it right without looking?

One question tells you little. A timed set on Special Services - Debt Instruments and Government Securities shows your real accuracy, how long you take and where you lose marks.

Practise Special Services - Debt Instruments and Government SecuritiesFree diagnostic mock

More Special Services - Debt Instruments and Government Securities questions