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The GOI Bonds, also known as the RBI Floating Rate Savings Bonds 2020 (Taxable), now provide a taxable interest rate of 7.35% over seven-year duration. Because the interest rate on these bonds is based on the NSC rate, they are known as floating-rate bonds. These variable rate bonds will continue to earn a higher ROI of 0.35% than the current NSC rate in compliance with the scheme criteria that were published on June 26, 2020.
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RBI Floating Rate Bonds 2020 RBI Floating Rate Savings Bonds 2020 (Taxable), also known as the GOI Bonds
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Floating Rate Bonds RBI Floating Rate Savings Bonds 2020 (Taxable), also known as the GOI Bonds, currently offer a taxable interest rate of 7.35% over a seven-year term. They are called floating-rate bonds because the interest rate on these bonds is linked to the NSC rate.
WHY INVEST IN RBI FLOATING RATE BONDS? Investment that is completely risk-free Attractive ROI of 7.35% Maximum Investment - There Is No Limit Minimum Investment - Rs. 1000 Nomination Facility Available Not Tradable & not Transferable Floating Interest Rate Maturity is 7 years from Investment date. Premature withdrawal for Senior Citizens
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