FEATURES OF RBI FLOATING RATE SAVINGS BOND
Maturity is 7 years from Investment date. Premature withdrawal for Senior Citizens
Interest payable half-yearly in Jan & Jul each year
Floating Rate of Interest. Is subject to change in Jan & Jul each year
Interest rate set at 7.15% till June 2021
Minimum Investment - Rs. 1000 (and in multiples thereof) Maximum Investment - No Limit
Interest Rate is linked to National Savings Certificate (NSC)
100% Risk-Free Investment
Not Tradable & not Transferable
Bond will always pay 0.35% higher than NSC rate
Nomination Facility Available
