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Corporate Laws Central Ministry of Finance Payment and Settlement Systems Act, 2007

NPCI issues circular on Introduction of New Sub-Product "RDS" under ACH Debit for Retail Direct Scheme

06-Nov-2025 | NPCI/2025-26/NACH/006

NPCI has issued a circular on Introduction of New Sub-Product "RDS" under ACH Debit for Retail Direct Scheme effective from 15th November 2025

The RBI Retail Direct Scheme lets individual investors directly buy and sell government securities (like treasury bills, dated securities, and Sovereign Gold Bonds) through a Retail Direct Gilt (RDG) account without intermediaries. CCIL uses the NACH system to handle debit transactions for investments made by retail investors under this scheme.
A new sub-product called "RDS" (Retail Direct Scheme) has been added under the ACH Debit product to handle these specific transactions separately. Destination banks must respond to ACH debit transactions on the same day. If no response is received, the transaction will be treated as deemed accepted and settled automatically.

Banks must update systems, configure file-handling for the new sub-product, train operations teams and monitor that all RDS transactions are processed within the same day (no day extensions allowed).


For more information, please refer to the attached document.

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