Mumbai. The Reserve Bank of India (RBI) has launched a mobile app for retail investors to buy and sell government securities online. This app has been launched for both Android and iOS users. RBI has also launched the Pravah portal for applying online for various regulatory approvals in a simple way.

The central bank has launched these initiatives to enable retail investors to participate in and increase the Government Securities (G-Sec) market

What are the benefits of the mobile app?

The app launched by RBI will now allow retail investors to buy and sell government securities. Investors will be able to do this work easily through their smartphones. The Reserve Bank said in a statement that investors will get many benefits due to this app. This app provides retail investors the facility to buy government securities in the primary auction as well as buy and sell them in the secondary market.

What is Pravah Portal?

The Pravah portal launched along with this app will also make many tasks of the people easier than before. This portal will speed up many processes related to regulatory approvals and clearances by the Reserve Bank.

Pravah Portal is a platform for regulatory application, validation and authorization, where work can be done for matters related to the Reserve Bank, such as obtaining approval, license or regulatory approval. 60 applications related to various regulatory and supervisory departments can be submitted online on this platform.

Know what are Government Securities?

Now the question is what are government securities. Actually, in government securities, a paper is issued by the Government of India and the state governments, on the basis of which they get loans from the market. The government has this paper, on the basis of which it can take loans from the market. This government paper is also guaranteed by the government. These securities are generally considered to be the safest investment.