Business »  Topic »  RBI Floating Rate Savings Bonds: Tenure, taxability, interest rate – All you wanted to know

RBI Floating Rate Savings Bonds: Tenure, taxability, interest rate – All you wanted to know


After discontinuing its 7.75% fixed interest rate bonds on the 28th May 2020, the RBI has come out with its new “floating rate savings bonds” on 26th June 2020, which will be available from 1st July 2020.

In addition SBI and 11 other Public Sector banks, the RBI has also allowed ICICI, HDFC, Axis Bank and IDBI to accept the application for these bonds.

After discontinuing its 7.75% fixed interest rate bonds on the 28th May 2020, the RBI has come out with its new “floating rate savings bonds” on 26th June 2020, which will be available from ...


Read the full text financialexpress