If you are looking for a risk-free investment with higher returns, RBI Floating Rate Savings Bonds, 2020 (Taxable) is an attractive investment option.
Eligibility
A person residing in India
In his or her individual capacity, or
In individual capacity on joint basis, or
In individual capacity on anyone or survivor basis, or
On behalf of a minor as father/mother/legal guardian
A Hindu Undivided Family.
Features
Minimum investment of Rs.1,000
No maximum limit on investment
Floating rate of interest with a Half Yearly interest payout
7 years tenure of the bond from the date of issue with a special provision for premature redemption for Senior Citizens.
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