{"id":11874,"date":"2026-02-24T12:44:00","date_gmt":"2026-02-24T12:44:00","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=11874"},"modified":"2026-02-26T12:52:03","modified_gmt":"2026-02-26T12:52:03","slug":"rbi-floating-rate-savings-bonds-explained","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/","title":{"rendered":"RBI Floating Rate Savings Bonds Explained"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">RBI Floating Rate Savings Bonds are debt instruments with a 7-year tenure. These bonds carry a sovereign guarantee and were introduced in 2020 to replace the earlier 7.75% Savings (Taxable) Bonds.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you invest, you are lending money to the Government of India. And in return, you receive interest every six months. <\/span><i><span style=\"font-weight: 400;\">Okay, but what does \u201cfloating rate\u201d mean?<\/span><\/i><span style=\"font-weight: 400;\"> In this financial product, the interest rate is not fixed. It is linked to the interest rate of the <\/span><a href=\"https:\/\/goldenpi.com\/blog\/post-office-fd-scheme\/post-office-investment-schemes-in-india\/\"><span style=\"font-weight: 400;\">National Savings Certificate (NSC)<\/span><\/a><span style=\"font-weight: 400;\"> and is reset every 6 months.\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Want to understand this product in detail?<\/span><\/i><span style=\"font-weight: 400;\"> Read this article to learn everything about <\/span><span style=\"font-weight: 400;\">RBI floating rate savings bonds<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#Who_Can_Buy_RBI_Floating_Rate_Savings_Bonds\" >Who Can Buy RBI Floating Rate Savings Bonds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#What_is_the_Lock-In_Period_of_RBI_Floating_Rate_Savings_Bonds\" >What is the Lock-In Period of RBI Floating Rate Savings Bonds?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#Some_Important_Points\" >Some Important Points\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#What_are_the_Taxation_Rules_of_RBI_Floating_Rate_Savings_Bonds\" >What are the Taxation Rules of RBI Floating Rate Savings Bonds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#To_Conclude_RBI_Floating_Rate_Savings_Bonds_are_Debt_Products_Offering_a_%E2%80%9CVariable_Interest%E2%80%9D_Linked_to_the_NSC_Rate\" >To Conclude, RBI Floating Rate Savings Bonds are Debt Products Offering a \u201cVariable Interest\u201d Linked to the NSC Rate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#Citation\" >Citation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#RBI_Floating_Rate_Savings_Bonds_Explained_FAQs\" >RBI Floating Rate Savings Bonds Explained FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#1_What_is_the_latest_RBI_floating_rate_savings_bonds_interest_rate_for_2026\" >1. What is the latest RBI floating rate savings bonds interest rate for 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#2_How_is_the_RBI_Floating_Rate_Savings_Bonds_interest_rate_calculated\" >2. How is the RBI Floating Rate Savings Bonds interest rate calculated?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#3_Is_there_a_cumulative_option\" >3. Is there a cumulative option?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#4_Can_RBI_Floating_Rate_Savings_Bonds_be_purchased_by_a_minor\" >4. Can RBI Floating Rate Savings Bonds be purchased by a minor?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#5_What_is_the_minimum_and_maximum_investment_limit\" >5. What is the minimum and maximum investment limit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#6_Can_I_transfer_the_bonds\" >6. Can I transfer the bonds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/rbi-floating-rate-savings-bonds-explained\/#7_Is_capital_gains_tax_applicable_at_the_time_of_redemption\" >7. Is capital gains tax applicable at the time of redemption?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Who_Can_Buy_RBI_Floating_Rate_Savings_Bonds\"><\/span><span style=\"font-weight: 400;\">Who Can Buy <\/span><span style=\"font-weight: 400;\">RBI Floating Rate Savings Bonds<\/span><span style=\"font-weight: 400;\">?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">These bonds can be purchased only by Resident individuals and Hindu Undivided Families (HUFs). The following are not allowed to invest:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NRIs (Non-Resident Indians)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Persons of Indian Origin (PIOs)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Indian citizens living abroad for work or business<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Companies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Trusts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Partnership firms<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Note that even if someone is an Indian citizen, they cannot invest if they are classified as a non-resident under FEMA (Foreign Exchange Management Act) at the time of investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if a person buys the bonds as a resident and later becomes a non-resident, they are allowed to continue holding the bonds until maturity. They do not need to sell or close the investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, <\/span><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/the-lesser-known-counterpart-floating-rate-savings-bond\/\"><span style=\"font-weight: 400;\">RBI Floating Rate Savings Bonds<\/span><\/a><span style=\"font-weight: 400;\"> can be held in both \u201csingle\u201d and \u201cjoint\u201d holding. If we talk about the joint holding variant, two sub-options are available:<\/span><\/p>\n<div class=\"pcrstb-wrap\"><table>\n<thead>\n<tr>\n<th><strong>I) Joint Holding<\/strong><\/th>\n<th><strong>II) Either or Survivor<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Both holders act together.<\/span><\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Either holder can operate the bond.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After one holder\u2019s death, the surviving holder becomes the owner.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_Lock-In_Period_of_RBI_Floating_Rate_Savings_Bonds\"><\/span><span style=\"font-weight: 400;\">What is the Lock-In Period of <\/span><span style=\"font-weight: 400;\">RBI Floating Rate Savings Bonds<\/span><span style=\"font-weight: 400;\">?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The lock-in period of these bonds differs and is based on the age of the investor at the time of investing. Let\u2019s check out the <\/span><a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=11924\"><span style=\"font-weight: 400;\">lock-in period table<\/span><\/a><span style=\"font-weight: 400;\"> for more clarity:<\/span><\/p>\n<div class=\"pcrstb-wrap\"><table>\n<thead>\n<tr>\n<th><strong>Age at Time of Investment<\/strong><\/th>\n<th><strong>Lock-In Period<\/strong><\/th>\n<th><strong>Is Early Withdrawal Allowed?<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">18 to below 60 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">60 to below 70 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">70 to below 80 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">80 years and above<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Some_Important_Points\"><\/span><span style=\"font-weight: 400;\">Some Important Points\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Age is considered at the time of investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The early withdrawal option is available only to individual investors.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">HUFs do not get early withdrawal benefits.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Withdrawal is processed on the next interest payment date (1 January or 1 July).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When withdrawn early, 50% of the last six months\u2019 interest is deducted.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_Taxation_Rules_of_RBI_Floating_Rate_Savings_Bonds\"><\/span><span style=\"font-weight: 400;\">What are the Taxation Rules of <\/span><span style=\"font-weight: 400;\">RBI Floating Rate Savings Bonds<\/span><span style=\"font-weight: 400;\">?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The interest you receive every six months is 100% taxable as per the Income Tax Act, 1961. It is added to your total income for the year under the head \u201cIncome from Other Sources.\u201d The tax rate applied depends on your income tax slab.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, <\/span><a href=\"https:\/\/goldenpi.com\/blog\/fixed-deposit\/how-much-tax-is-deducted-on-fd-interest\/\"><span style=\"font-weight: 400;\">tax is deducted at source (TDS)<\/span><\/a><span style=\"font-weight: 400;\"> on the interest payment @ 10% if PAN is provided. Otherwise, the deduction is made at 20%. If your total income is below the taxable limit, you may also submit Form 15G or 15H (subject to eligibility) to avoid TDS. This deducted interest can be claimed at the time of filing your Income Tax Return (ITR).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Note that these bonds do not provide any <\/span><a href=\"https:\/\/goldenpi.com\/blog\/fixed-income\/tax-free-bonds-meaning-features-and-how-to-invest\/\"><span style=\"font-weight: 400;\">tax-saving benefit<\/span><\/a><span style=\"font-weight: 400;\">. The amount invested does not qualify for deduction under Section 80C or any other section of the Income Tax Act.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"To_Conclude_RBI_Floating_Rate_Savings_Bonds_are_Debt_Products_Offering_a_%E2%80%9CVariable_Interest%E2%80%9D_Linked_to_the_NSC_Rate\"><\/span><span style=\"font-weight: 400;\">To Conclude, <\/span><span style=\"font-weight: 400;\">RBI Floating Rate Savings Bonds<\/span><span style=\"font-weight: 400;\"> are Debt Products Offering a \u201cVariable Interest\u201d Linked to the NSC Rate<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">So now you know what RBI Floating Rate Savings Bonds are. These are debt instruments carrying a sovereign guarantee issued by the RBI on behalf of the Government of India. Only resident individuals and HUFs can invest in them, either in a single name or through joint holding.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The bonds have a 7-year tenure, with limited early withdrawal options available for senior citizens. The interest rate is variable and is set at 0.35% higher than the prevailing NSC rate. It is reset every six months.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you want to <\/span><a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/five-investment-options-under-fiftythousand-in-india\/\"><span style=\"font-weight: 400;\">explore other options<\/span><\/a><span style=\"font-weight: 400;\">, such as AAA or AA-rated bonds, fixed deposits, or apply to the latest NCD IPOs, you may consider the <\/span><a href=\"https:\/\/goldenpi.com\/\"><span style=\"font-weight: 400;\">GoldenPi platform<\/span><\/a><span style=\"font-weight: 400;\">. Here, you can invest 100% digitally without making any branch visits. All you have to do is complete your KYC (if not registered), browse multiple investment options, and lastly make the payment.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Citation\"><\/span><span style=\"font-weight: 400;\">Citation<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=11924\"><span style=\"font-weight: 400;\">Notifications &#8211; Reserve Bank of India<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.livemint.com\/money\/rbi-floating-rate-savings-bonds-explained-returns-eligibility-and-key-rules-11765355423116.html\"><span style=\"font-weight: 400;\">RBI floating rate savings bonds explained: Returns, eligibility and key rules | Stock Market News<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/rbiretaildirect.org.in\/#\/FaqFrsb\"><span style=\"font-weight: 400;\">RBI Retail Direct<\/span><\/a><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"RBI_Floating_Rate_Savings_Bonds_Explained_FAQs\"><\/span><span style=\"font-weight: 400;\">RBI Floating Rate Savings Bonds Explained<\/span><span style=\"font-weight: 400;\"> FAQs<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_What_is_the_latest_RBI_floating_rate_savings_bonds_interest_rate_for_2026\"><\/span><span style=\"font-weight: 400;\">1. What is the latest RBI floating rate savings bonds interest rate for 2026?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As of February 11, 2026, the RBI floating rate savings bonds offer an interest rate of 8.05% p.a. Note that the interest rate is reset biannually. Also, the interest is paid twice a year on 1 January and 1 July.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_How_is_the_RBI_Floating_Rate_Savings_Bonds_interest_rate_calculated\"><\/span><span style=\"font-weight: 400;\">2. How is the RBI Floating Rate Savings Bonds interest rate calculated?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The interest rate is 0.35% higher than the prevailing NSC rate. Mathematically, it can be expressed as: Interest on RBI Floating Rate Savings Bond = NSC rate + 0.35%.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Is_there_a_cumulative_option\"><\/span><span style=\"font-weight: 400;\">3. Is there a cumulative option?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">There is no cumulative option, and interest payouts are mandatory. You cannot reinvest interest within the bond.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Can_RBI_Floating_Rate_Savings_Bonds_be_purchased_by_a_minor\"><\/span><span style=\"font-weight: 400;\">4. Can RBI Floating Rate Savings Bonds be purchased by a minor?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, you can invest in the name of a minor child. The investment must be made by a parent or legal guardian. They manage the bond until the child becomes an adult.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_What_is_the_minimum_and_maximum_investment_limit\"><\/span><span style=\"font-weight: 400;\">5. What is the minimum and maximum investment limit?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To invest in <\/span><span style=\"font-weight: 400;\">RBI Floating Rate Savings Bonds<\/span><span style=\"font-weight: 400;\">, the minimum amount required is \u20b91,000 (and in multiples of \u20b91,000 thereafter). There is no maximum limit on investment. However, if you are making the payment in cash, the maximum amount allowed is \u20b920,000.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Can_I_transfer_the_bonds\"><\/span><span style=\"font-weight: 400;\">6. Can I transfer the bonds?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">No, the bonds are \u201cnon-transferable\u201d. You cannot sell them in the market or gift to anyone. Also, you cannot take a loan against them. Transfer is allowed only to the nominee after death.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Is_capital_gains_tax_applicable_at_the_time_of_redemption\"><\/span><span style=\"font-weight: 400;\">7. Is capital gains tax applicable at the time of redemption?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">No, capital gains do not arise because these bonds are \u201credeemed at face value\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">________________________________________________________<\/span><\/p>\n<p><strong>Disclaimer:<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">This information is for general information purposes only. GoldenPi makes no guarantee on the accuracy of the data provided here; the information displayed is subject to change and is provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. Investments in the securities market are subject to market risks. Read all the offer-related documents carefully before investing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bonds or non-convertible debentures (NCDs) are regulated by the Securities and Exchange Board of India and other government authorities. GoldenPi Securities Private Limited is a registered debt broker and acts as a distributor and not as a manufacturer of the product.<\/span><\/p>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is the latest RBI floating rate savings bonds interest rate for 2026?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"As of February 11, 2026, the RBI Floating Rate Savings Bonds offer an interest rate of 8.05% per annum. The interest rate is reset biannually and is paid twice a year on 1 January and 1 July.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How is the RBI Floating Rate Savings Bonds interest rate calculated?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"The interest rate on RBI Floating Rate Savings Bonds is set at 0.35% higher than the prevailing National Savings Certificate (NSC) rate. The formula is: Interest rate = NSC rate + 0.35%.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Is there a cumulative option?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"No, there is no cumulative option available. 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