RBI Floating Rate Savings Bonds 2020 (Taxable), also known as the GOI Bonds, currently offer a taxable interest rate of 8.05% (till 30th June 2024) 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.
Click below to download form
Make cheque in favour of "HDFC Bank - RBI Floating Rate Savings Bond 2020"
Submit application to nearest RR office or call us on 9350316010 to arrange pickup.
Call on the mobile number given below for any related help
RBI Floating Rate Bonds are available only to individuals over 18 and Hindu Undivided Families (HUFs). You can start investing with just ₹1,000, and there's no upper limit. These bonds are perfect for all types of investors. Invest in RBI Floating Rate Bonds through RR Finance today and enjoy the security of government-backed returns.
For investors seeking clarity on the taxation of RBI Floating Rate Bonds, it’s important to note that no TDS (Tax Deducted at Source) is deducted from the interest. Instead, the interest earned is taxed according to your income tax slab.
Visit our blog to learn about the What are RBI Floating Rate Bonds
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.
Minimum ₹ 1000/- and in multiples of ₹ 1000/- thereafter and there is no maximum limit.
These bonds come up with a 7-years of tenure from the date of issue. After the bond matures, no interest will be paid. Premature redemption is permitted for investors aged 60 and up, according to the RBI Notification.
Interest is payable semi-annually from the date of bond issuance until the 30th June / 31st December, as applicable, and then half-yearly for periods ending on the 30th June and 31st December on the 1st July and 1st January, respectively.
The current rate of interest is 8.05% and subject to re-set half yearly every Jan 1st & July 1st, and will be compared to the prevailing National Saving Certificate (NSC) rate with a spread of (+) 35 basis points over the respective NSC rate. All future coupons would be reset based on the NSC rate of interest fixation on January 1 and July 1.
The interest income earned from these bonds is taxable. TDS (Tax Deducted at Source) is deducted at the time of interest payment in accordance with IT regulations.
These bonds cannot be used as collateral for loans from banks, financial institutions, or non-banking companies.
In recent years, RBI Floating Rate Bonds have been an increasingly popular choice for many investors. These bonds are generally...
Continue reading...
The Reserve Bank of India (RBI) is the central bank of India, responsible for formulating and implementing the country's monetary policy One of the many financial...
Upcoming Positive Changes : We are pleased to inform you that effective from 1st July, 2023, the interest rate on RBI Floating Rate Bonds is set to rise...
RR is an authorised marketing associate for RBI Floating Rate Bonds since their inception. RR is also among the top mobilizers of bonds in India. We have a pan-India presence through our network and offices.
We have successfully recieved your contact details. We'll give you a callback shortly.
RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor
ARN-0032 Validity 14-Mar-2027
Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001
Landline Number +91 11-4444-1111
Customer Care +91 9350316010
SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508
* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
© 2022 RR Investors Capital Services Pvt. Ltd | All Rights Reserved.