MUMBAI: RBI has launched a mobile app to enable retail investors to buy and sell govt securities on the go.
The app – RBI Retail Direct by the Clearing Corporation of India – helps investors place a bid as a non-competitive applicant during RBI’s auction of govt securities. Investors can also buy and sell govt securities on the CCIL’s negotiated dealing system order matching segment (NDS-OM).
The retail app, which is available on both the Android Play Store and the App Store for iOS users, was launched by RBI governor Shaktikanta Das on Tuesday. Das launched two other initiatives: the PRAVAAH portal to enable individuals and entities to apply online for various regulatory approvals seamlessly and a Fintech Repository, which will provide insights into each entity, acting as a data storehouse for firms in the sector.
The PRAVAAH portal aims to improve the ease of doing business for those dealing with RBI. It offers a secure and centralised online platform for seeking authorisation, licenses, or regulatory approvals for any references made to RBI.
