RBI BOND मे निवेश करें | rbi floating rate savings bond | floating rate bonds explained
The interest rate in rbi floating rate savings bond is updated twice a year. Which is updated once in January and second time in July. In this Bond, the interest rates are always 0.35% more than the Post Office NSC scheme.
This bond of RBI is also known as Flexi bond.
Interest amount is received after every 6 months.
Eligibility criteria -
All Indian Citizens
HUF
NRI not allowed
Investment option -
Minimum Investment - 1000 rs
Maximum Investment - No limit (multiple of 1000)
Tax information -
Tax is deducted on the interest amount. Whichever tax slab you fall in, your tax will be deducted accordingly.
TDS is also applicable.
Disadvantages of rbi floating rate savings bond -
Not transferable.
Can't trade on stock exchange.
Loan is not allowed.
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