Good News! Now you can buy savings bonds directly from RBI, you will get huge profits

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The Reserve Bank of India (RBI) said that retail investors can now purchase Floating Rate Savings Bonds, 2020 (Taxable) through its Retail Direct portal.

Prime Minister Narendra Modi launched the RBI-Retail Direct Scheme on November 12, 2021. This scheme has made it easier for retail investors to access government securities by simplifying the investment process.

Under the scheme, individual investors can open a retail direct gilt account with RBI with the help of an online portal. Using that account one can invest in government securities in the primary and secondary markets.

Expanding the range of products offered through the Retail Direct Portal, the Reserve Bank, in consultation with the Government of India, has permitted the purchase of Floating Rate Savings Bonds, 2020 (Taxable) i.e. FRSB 2020(T), the RBI said in the statement. Has also been made capable.

FRSB are bonds issued by the central government which cannot be transacted. These are paid after seven years from the date of issue.

Earlier, retail investors were allowed to invest in central government securities, treasury bills, state government securities and sovereign gold bonds through this portal.

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