RBI Bonds

Issued by Government of India

  • 7.15% Floating Rate Bonds, 2020

  • For Individuals & HUFs

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.


100% Risk Free Investment option.

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.

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.*

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.

*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