RBI Floating Rate Bonds 2020
(Taxable)
RBI Floating Rate Savings Bonds 2020 (Taxable), also known as the GOI Bonds, currently offer a taxable interest rate of 8.05% (till 31st Dec 2023) over a seven-year term. They are called floating-rate bonds because the interest rate on these bonds is linked to the NSC rate. In accordance with the scheme guidelines issued on June 26, 2020, these floating rate bonds will continue to earn 0.35% higher ROI than the prevailing NSC rate. Coupon/Interest rate on these bonds is subject to change every six months, on January 1 and July 1, if NSC’s ROI changes.
(For detailed Terms and Conditions, Contact us)
₹ 1000
Rate of Interest
8.05 %
(till 31st Dec 2023)
Semi Annual
RBI on behalf of Govt. of India
Jan 1 and July 1
7 years
Why Invest in RBI Floating Rate Bonds?
- Investment that is completely risk-free
- Floating Interest Rate
- Interest payable semi-annually in Jan & Jul each year
- Maximum Investment - There Is No Limit
- Maturity is 7 years from Investment date. Premature withdrawal for Senior Citizens*
- Attractive ROI of 8.05%
- Bonds will always pay 0.35% more than NSC rates
- Minimum Investment - Rs. 1000 (and in multiples thereof)
- Nomination Facility Available
- Not Tradable & not Transferable
Prematurity Withdrawal
The bonds will be repayable after the completion of 7 years. premature withdrawal is allowed only for those whose age is 60 years and above subject to the submission of documents relating to the date of birth proof.
|
Age Group
|
Lack-in period
|
|---|---|
|
60 - 70 Years
|
6 Years
|
|
70 - 80 Years
|
5 Years
|
|
Beyond 80 Years
|
4 Years
|
