Corporate FDs
Fixed deposits from well-rated NBFCs and housing finance companies, with a choice of tenures and payout options — booked online or from your doorstep.
RBI Floating Rate Bonds
Government of India savings bonds with a seven-year tenure and an interest rate that resets every six months, linked to the National Savings Certificate rate.
- Risk level
- Low risk
- Minimum investment
- ₹1,000, with no upper limit
What Are RBI Floating Rate Savings Bonds?
RBI Floating Rate Savings Bonds (Taxable) are government-backed investment instruments that offer a floating rate of interest. The interest rate is revised periodically and is linked to the National Savings Certificate (NSC) rate.
These bonds are designed for investors seeking regular interest income over a fixed investment tenure.
Key Features
- Investment Safety: Backed by the Government of India, subject to the terms of the scheme.
- Interest Payout: Interest is payable half-yearly, in January and July.
- Minimum Investment: ₹1,000 and in multiples thereof.
- Maximum Investment: No upper limit.
- Floating Interest Rate: The interest rate is subject to revision every January and July.
- Interest Rate Linkage: The interest rate is linked to the NSC rate, with an additional 0.35%.
- Maturity Period: Seven years from the date of investment.
- Premature Withdrawal: Permitted for eligible senior citizens, subject to applicable conditions.
- Transferability: The bonds are not tradable or transferable.
- Nomination Facility: Available.
Who Can Invest?
Eligible investors include:
- Resident Individuals: Indian residents investing in their individual capacity.
- Joint Investors: Eligible resident individuals investing jointly or on an “anyone or survivor” basis.
- Minors: Investments made on behalf of a minor by a parent or legal guardian.
- Hindu Undivided Families (HUFs): Eligible HUFs may invest in these bonds.
Non-Resident Indians (NRIs) are not eligible to invest.
How to Apply
Investors may apply through eligible banking channels, subject to the application process offered by their bank.
Important: Online applications through net banking may be restricted to singly held savings accounts. Joint account holders may need to submit a physical application, depending on the bank’s procedures.
Sovereign Gold Bonds
Looking for gold-linked government bonds? See our Sovereign Gold Bonds page.
RBI Floating Rate Bonds: common questions
Are RBI Floating Rate Savings Bonds transferable?
No. These bonds are not transferable and cannot be traded on the secondary market.
How often is interest paid?
Interest is paid half-yearly, in January and July.
What is the maturity period?
The bonds mature seven years from the date of investment, subject to applicable premature withdrawal provisions.
Is there a maximum investment limit?
No. There is no maximum investment limit specified in the provided scheme details.
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