RBI FLOATING RATE SAVINGS BOND

The Government of India launched the Floating Rate Savings Bonds, 2020 (Taxable) scheme on July 01, 2020 to enable Resident Indians/HUF to invest in a taxable bond, without any monetary ceiling. BOND RATE MAY UPDATE HALF-YEARLY 1ST JAN & 1ST JULY EVERY YEAR WITH +0.35% P.A. SPREAD ABOVE NSC.
# Minimum investment of Rs.1,000, # No maximum limit on investment # 7 years tenure of the bond from the date of issue with a special provision for premature redemption for Senior Citizens. # Floating rate of interest with a Half Yearly interest payout.