Who can open
Retail investors can open the RDG account with the following:
- Rupee bank account
- PAN
- Valid documents for KYC – PAN/passport/driving license/Aadhaar
- Valid email id
- Registered mobile number
RDG account can be opened individually as well as jointly with another retail investor (individual) who fulfill the above criteria.
Portal
The RDG account can be opened online by visiting the following link: https://www. rbiretaildirect.org.in/
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Process
The investor needs to fill up details such as name, PAN, mobile number, email id, address, and bank account details. OTP authentication of the mobile number and email id is done and a tracking number is allotted. Next, the KYC verification process of the investor (all holders in case of joint accounts) is carried out and also the bank account of the investor is verified. Once the process is completed, the RDG account is opened in the investor’s name.
Confirmation
The investor will receive an email confirmation along with account number, login id and password to access the online portal and avail the services of the portal.
Point to note
- Interest or maturity proceeds from the investments are credited directly to the bank account of the investor linked to the RDG account.
- No fee is charged for opening or maintaining the RDG account
(Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)
