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RBI Bonds

Issued by Government of India

  • 7.15% Floating Rate Bonds, 2020

  • For Individuals & HUFs

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Key Features


7.15% Floating Rate Bonds, 2020

Who can Invest?

  • Resident Individuals (including Joint Holdings) and Hindu Undivided Families (HUF).

  • NRIs are not eligible to invest.

Minimum Amount

Rs 1,000 (Face value) in multiples thereof

Maximum Amount

 No maximum limit.

Tax Treatment

The interest earned under this scheme is taxable under the Income Tax Act, 1961, according to the relevant tax status of the Bondholder.

Interest Rate

Payable semi-annually on 1st Jan & 1st July every year. The coupon on 1st January 2021 shall be paid at 7.15%. The Interest rate for next half-year will be reset every six months, the first reset being on January 01, 2021.

Maturity/ Repayment of Principal

7 years (lock-in-period) from the date of issue. Premature encasement shall be allowed to individuals who are 60 years and above subject to minimum lock-in-period.*


100% Risk Free Investment option.

*Premature encashment for senior citizens:

Age bracket: 60 – 70 years; lock-in-period of 6 years from the date of issue Age bracket: 70 – 80 years; lock-in-period of 5 years from the date of issue Age bracket: 80 years & above; lock-in-period of 4 years from the date of issue

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