RBI Floating Rate Bonds
-
100% Risk-Free Investment
-
Interest payable half-yearly in Jan & Jul each year
-
Interest rate set at 8.05% till Dec 2023
-
Minimum Investment - Rs. 1000 (and in multiples thereof) Maximum Investment - No Limit
-
Floating Rate of Interest. Is subject to change in Jan & Jul each year
-
Maturity is 7 years from Investment date. Premature withdrawal for Senior Citizens
-
Interest Rate is linked to National Savings Certificate (NSC)
-
Not Tradable & not Transferable
-
Bond will always pay 0.35% higher than NSC rate
-
Nomination Facility Available
Who Can Invest ?
-
An Individual, not being a Non-Resident Indian
-
A Hindu Undivided Family
Note: Investments via Netbanking are only available for Singly Held Savings Accounts. For Joint accounts a physical application will be required.
You can apply for the Floating Rate Savings Bonds 2020 (Taxable) if you are:
A person residing in India
-
In his or her individual capacity, or
-
In individual capacity on joint basis, or
-
In individual capacity on anyone or survivor basis, or
-
On behalf of a minor as father/mother/legal guardian
A Hindu Undivided Family