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What are some bonds investment options available for senior citizens?


One of the most preferred options for senior citizens is the RBI Floating Rate Savings Bonds (FRSBs) issued by the Government of India. These bonds have a 7-year tenure and offer an interest rate linked to the National Savings Certificate (NSC) rate + 0.35%, which is revised every six months by the RBI. Since these bonds are backed by the Government of India, they carry negligible default risk and are considered a safe investment option for senior citizens seeking stable returns and capital protection.