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

A retail investor wants to hold Treasury Bills issued by the Government of India in electronic form without opening a separate gilt account with a DP. Which facility allows this?

The Retail Direct Gilt account maintained with the RBI allows retail investors to hold Treasury Bills and other government securities electronically and directly, through the Retail Direct portal, without needing a separate gilt account through a depository participant.

  1. ARetail Direct Gilt (RDG) account with the RBICorrect
  2. BOnly a physical SGL form
  3. CA pledge account with a clearing corporation
  4. DA basic services demat account with a bank-only link

Explanation

RBI's Retail Direct scheme lets individuals open a Retail Direct Gilt account directly with RBI to buy G-Secs and T-Bills in the primary market and trade in the secondary market. A separate DP gilt account is not needed. The other options are not routes for direct holding of government securities with RBI.

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