RBI Floating Rate Savings Bond If you also want to invest in any scheme, then you can invest in this scheme of Reserve Bank of India. In this scheme, you will get many other benefits along with good interest rates. In this scheme you get more interest than FD. Let us know in detail about this scheme.
The interest rate on the Reserve Bank of India’s Floating Rate Savings Bond (FRSB) has increased by 8 percent as before. At present, the investor is getting 8.05 per cent interest in this scheme. This scheme is higher than the interest rates offered in private sector banks and government banks. Come, let us know how much return you get in floating rate savings bonds?
Floating Rate Savings Bond Interest Rates
If you invest in this scheme then you get 8.05 percent interest in this scheme. Let us tell you that 0.35 percent interest is available in the National Savings Scheme. The interest rates of the National Savings Scheme are revised every quarter. This time the interest rate for July-September 2023 has been fixed at 7.7 percent.
The interest rate on floating rate savings bonds is changed from time to time. If the interest rates of the National Savings Scheme increase, then the interest rates of this scheme also increase. This scheme is a safe investment scheme. This scheme is recognized by RBI.
Tenure of Floating Rate Savings Bond
The amount deposited in this scheme matures after 10 years. You can invest in this for a long time. However, the risk of interest rate hike remains in this scheme. Tax is also levied on the amount deposited in this scheme. In such a situation, before investing, you should understand all the information related to its tax.
If you are looking for a higher interest rate and a safer investment option, then floating rate savings bonds are a great option.
Floating Rate Savings Bond Interest Rate Review
The interest rates of this scheme are revised after every 6 months. Now their interest rates will be revised on January 1, 2024. If there is a cut in the interest rates of NSC, then the interest rates of this scheme also get cut.
