PM narendra modi Friday, launches two groundbreaking schemes the Retail Direct scheme and Integrated Ombudsman Scheme through RBI.
Finance minister Nirmala sitharaman and governor Shaktikanta Das also present during the launch.
The RBI Retail Direct Scheme - motive is straightforward to access to government stock exchange for retail investors.
Securities of the government of india and the State Governments can also be invested by the investors directly.
The government Securities Account can be easily opened and maintained by Investors online with the RBI free of cost.
The government Scheme of Ombudsman aims to upgrade the grievance mechanism for solving customer accusations against items regulated by the RBI directly.
The motive of the scheme is ‘One Nation-One Ombudsman’ with one portal, one email, and one address for the customers to put forward their complaints.
There will be only a single point source for customers to file their complaints, submit the documents, track status, and provide feedback.
A hybrid toll-free number will provide all compatible information regarding the grievance redress and assistance for filing complaints.
The public sector banks were recapitalized and one after the other reforms were carried out in the financial system and banking sector.
RBI governor Shri Shaktikanta Das and the Union minister will attend the meeting.
