RBI BONDS

"AMFI-Registered Mutual Fund Distributor"

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RBI Floating Rate Savings Bond

Features

  • 100% Risk-Free Investment.
  • Interest payable half-yearly in Jan & Jul each year
  • Floating Rate of Interest. Is subject to change in Jan & Jul each year
  • Bond will always pay 0.35% higher than NSC rate
  • Minimum Investment - Rs. 1000 (and in multiples thereof) Maximum Investment - No Limit
  • Maturity is 7 years from Investment date. Premature withdrawal for Senior Citizens
  • Not Tradable & not Transferable
  • Nomination Facility Available

Specific Conditions On Premature Withdrawal For Senior Citizens

Age Lock In Period
60 to 70 years 6 years
70 to 80 years 5 years
Age of 80 years & above 4 years

Tax

The interest income from the bonds is taxable. TDS (Tax Deducted at Source) is deducted at the time of interest payment as per the prevailing IT rules.