Traditional way of India is investing in Gold and Real estate. Savings means keeping the money in the locker or Kitchen boxes. But as the globalization started, Bank Savings awareness increased and 1990s white collor employees invested most of their money in the Bank fixed deposit and saw a exponential growth of their investment.
But the present modern India Economy is not for the traditional savings or Investment. Lateral thinking investment of Mutual Funds, Shares, NCDs are growing and it is the future with decreasing interest rates in the bank.
One who is familiar with mutual funds would have come across the term Govt securities, Bonds, Bills, T-Bills which are considered the safest way of modern investing. These type of long term investments are complicated and were out of reach of common man or they were costlier by way of commission.
Now Reserve Bank of India came up with a portal to bring common retail investors to participate in the Bond market. https://www.rbiretaildirect.org.in/ website gives the public access to the bond market, a way to buy the central govt or state govt issued short and long term bonds. They give a returns more than the general market returns and also backed by safety.
Access to T-Bills gives a way to park the funds for shorter period with some competitive returns. For those people who look for a spectrum of investment mode, RBI Retail portal is one another way. For basic investor, portal's option of Soverign Gold Bond subscription is motivating factor to get registered.
