Here is a look at how one can register for a Retail Direct Gilt account.
Who can invest?
Individuals who are retail investors are allowed to open an RDG account. An RDG account can be opened individually or in partnership with any other retail investor who fulfills the conditions. The Foreign Exchange Management Act of 1999 allows non-resident retail investors to purchase government securities; Hence NRIs can also take this route.
Read also:
How to Open RBI Retail Direct Gilt Account
Required details to open RDG account
Individuals can open a Retail Direct Gilt Account by logging on to RBI Retail Direct at https://rbirtaildirect.org.in.
According to the Retail Direct website, an online account can be opened using the following documents:
- of person wok
- Rupee Bank Account Details
- Email address
- valid mobile number
To register under this scheme, one has to provide these details and fill an online key Process.
How to register online for RBI Retail Direct Scheme
Follow these steps to register for a Retail Direct Gilt account:
Step 1: Open https://rbirtaildirect.org.in and click on “Open RBI Retail Direct Account”.
Step 2: Click on “Register Here”
Step 3: Choose the account type and enter the details like name, PAN and date of birth
Step 4: Verify email and mobile with OTP sent and enter preferred login name.
Step 5: When you click on “Preview & Submit” it opens a preview page. After double-checking the information, click “Submit”.
Step 6: To start the KYC process, click on “Start KYC”. On the next page there are two KYC options.
CKYC – Recommended or offline kyc (This option is required if the investor is not KYC compliant or there is no information about the investor in the CKYC database.
Step 7: Using PAN, you can search the information. If the customer’s PAN is not available in the CKYC database, the error message “Failed to find CKYC number please try again later” appears.
To return to the previous page and choose offline KYC, the customer can click on the “Round Arrow Button” at the “Top Left” corner.
Note: For CKYC-compliant instances, the investor has to select the Date of Birth/DOI as the “Authentication Key” and enter his/her date of birth. Click on Find CKYC Details.
Step 8: Customer can review the CKYC information on the screen and then click on “Submit”.
Note: In case of “CKYC non-compliance” scenario, investor has to “Upload copy of PAN” and “Aadhaar XML” from the UIDAI website link provided.
Step 9: Customer can fill “Additional Personal Details” on the following page and make a declaration under FATCA and PMLA.
Step 10: The customer will also have to confirm his/her address.
Step 11: Choose your bank and upload a copy of a blank cheque. If the copy of the check is not available, the investor can skip it and fill in the details manually on the next page.
Step 12: A random amount is credited to the investor’s account, which the investor has to input to complete the bank verification. After bank verification, the investor has to fill in the nominee information.
Step 13: After filling the nominee details, the investor will be directed to the application summary page, where he can click on submit to complete the KYC and registration process.
After submitting the application, the investor can review the terms and conditions as well as the name of the signatory. Once the details are validated by the investor the application is finally filed. A letter will be sent to the investor with instructions to digitally sign the terms and conditions using an Aadhaar-enabled OTP.
If the investor has completed “Offline KYC”, he will now have to complete “Video KYC” to finish the process. During the video KYC, the investor will be asked to show his original PAN.
In case of any difficulty, investor can call on 1800 267 7955 or email support@rbirtaildirect.org.in.