In November, subscriptions on the Reserve Bank of India's retail direct platform increased by 78.38% compared to the previous year, reaching a total of Rs 5,624.85 crore as of November 18, 2024.

This is a significant rise from the Rs 3,153.31 crore recorded on November 20, 2023. The growth in subscriptions was mainly driven by retail investors' interest in treasury bills, which accounted for Rs 3,888.36 crore of the total subscriptions. This represents a remarkable growth of over 82% compared to the previous year's Rs 2,135.67 crore.

Despite a decrease in the cut-off yield on treasury bills over the past year, the subscriptions increased due to improved liquidity conditions, heightened investor demand, and a reduction in the supply of treasury bills.