Prime Minister Narendra Modi is scheduled to release innovative consumer-centric tasks of the Reserve Bank of India (RBI) on Friday.
As in keeping with the Prime Minister's Office, PM Modi will launch the tasks at eleven am on Friday thru video conferencing.
"These initiatives are the RBI Retail Direct Scheme and the Reserve Bank - Integrated Ombudsman Scheme," PMO in a launch said.
Notably, the RBI Retail Direct Scheme is aimed at enhancing get right of entry to to the authorities securities market for retail buyers. It offers them a new road for without delay investing in securities issued by way of the Government of India and the kingdom governments.
'Investors can be capable of effortlessly open and maintain their authorities securities account on-line with the RBI, free of fee," the PMO stated.
The Reserve Bank - Integrated Ombudsman Scheme objectives to further enhance the complaint redress mechanism for resolving patron court cases against entities regulated with the aid of RBI.
"The imperative topic of the scheme is based totally on 'One Nation-One Ombudsman' with one portal, one e-mail and one cope with for the customers to resort their proceedings. There may be a single point of reference for clients to file their lawsuits, post the files, track popularity and offer comments. A multi-lingual toll-unfastened wide variety will offer all applicable statistics on criticism redress and help for filing lawsuits," read the discharge introduced.
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