Which of the following banks' Retail Direct Scheme has been formulated as a one-stop solution to facilitate investment in government securities by individual investors?
- AState Bank of India
- BICICI Bank
- CHDFC Bank
- DReserve Bank of India
Solution & Step-by-step Explanation
The RBI Retail Direct Scheme was formulated by the Reserve Bank of India (RBI) to allow retail/individual investors to open a Retail Direct Gilt (RDG) Account directly with the central bank, facilitating safe investment in government securities (G-Secs) and treasury bills.