RBI-Floating Rate Savings Bonds 2020(Taxable) opens on 1st July 2020

RBI-Floating Rate Savings Bonds 2020(Taxable) opens on 1st July 2020 The fixed rate 7.75% RBI bonds The fixed rate 7.75% RBI bonds (Taxable) that the RBI withdrew last month is now replaced with a taxable floating rate bond. The interest rate payable will be based on the prevailing interest rate of National Savings Certificate (NSC)rate plus an additional interest of 0.35%pa. The bonds would be open for subscription from 1st July 2020 and interest payable would be 7.15%pa(as the current interest rate is 6.8%pa) . The interest would be paid half yearly and would be reset once in every 6 months. The tenure of the bond is 7 years with premature withdrawal options available for Senior Citizens For more details Kindly go through the video link below https://youtu.be/wMWmuWUrbe8 To invest, contact at 044-42023300 or 9884659300 Ramakrishnan V Nayak Director Dakshin Capital

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