RBI Bonds FAQs
Common questions about RBI Bonds, answered in plain language.
What are RBI Floating Rate Savings Bonds?
Seven-year savings bonds issued by the Government of India. The interest rate is reset every six months at 0.35% above the National Savings Certificate rate. Read more on our RBI Floating Rate Bonds page.
How much can I invest?
The minimum is ₹1,000, in multiples of ₹1,000. There is no maximum.
How is interest paid?
Half-yearly, on 1 January and 1 July, directly to your bank account. There is no option to accumulate interest.
Can I sell or transfer the bonds?
No. The bonds cannot be traded, transferred or pledged. Early redemption is allowed only for senior citizens, after a lock-in that depends on age, and with a penalty.
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