What is inside RBI's new website and mobile app? Know complete details

The Reserve Bank of India (RBI) has launched a new website and a mobile application. The central bank said the old website would remain functional for some time.

"The new website and mobile application of the Reserve Bank of India was released by Governor Shaktikanta Das," the RBI said in a release.

How to access RBI's new website and mobile app?

The new RBI mobile app is available on Google Play Store for Android users and Apple's App Store for iOS users. It can also be downloaded by scanning the QR code below.

What does RBI's new website and mobile application offer?

The Reserve Bank of India's new portal has better user interference. It also offers infographics on exchange rates, reserve rations, policy rates, lending/deposit rates and market trends.

The official RBI mobile app allows users to access the latest press releases, current policy rates as well as bank holiday list. It also lets users search for IFSC and MICR codes.

RBI announces mobile app for retail direct investors

On Friday, RBI Governor Shaktikanta Das announced that an app will be launched for the Retail Direct scheme (RDS) unveiled in November 2021. It will allow retail investors to purchase and sell government securities.

Last week, RBI's Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.5%. The decision was taken in a 5:1 majority, Das had said, adding, "the standing deposit facility (SDF) rate remains at 6.25% and the marginal standing facility (MSF) rate and the bank rate at 6.75%".

The central bank also retained a growth projection of 7% for FY 2024-25, with Q1 at 7.1%, Q2 at 6.9%, Q3 at 7.0% and Q4 at 7.0%.