RBI Mobile App for G-sec

• 06 Apr 2024

On 5th April, 2024, RBI introduced mobile app for retail investors to buy and sell government securities conveniently.

• App allows investors to buy and sell securities on-the-go and at their convenience.
• Government plans gross market borrowing of Rs 14.13 lakh crore for 2024-25, with Rs 7.5 lakh crore in the first half.
• RBI permits non-bank payment system operators to offer Central Bank Digital Currency wallets to widen its use.
• CBDC pilots underway in retail and wholesale segments with more participating banks and use-cases.