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RBI FLOATING RATE SAVING BOND

RBI Floating Rate Saving Bonds: A Secure Investment

It is a fixed-income product floated by the Government of India. GOI bonds pay a little morethan post officetime deposits and bank deposits. They are very safe since they are issued bythe government of India. Thisproduct offers an attractive investment option, especially withinterest rates declining further.

Key Features :

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  • 100% risk free investment option.

  • Minimum investment of Rs.1,000. Floating rate of interest with a Half Yearly interest payout .

  • Current Interest Rate on RBI Floating Rate Savings Bond is 8.05%. Subject to revisions inJanuary & July everyyear. Linked to National Savings Certificate + 0.35%.

  • Half-yearly interest is payable on 1st January / 1st July.

  • 7 years tenure of the bond from the date of issue with a special provision for prematureredemption for SeniorCitizens.

  • Only Individual, HUF, Minor & SR Citizen Can invest. NRI are not eligible to invest.

  • Pre Mature Redemption - Facility is available to the eligible investors after Lock in period of4, 5, and 6 years inthe age bracket of 80 years and above, between 70 to 80 years and 60 to 70 years respectively.

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