RBI Bonds:

The Government of India launched the Floating Rate Savings Bonds, 2020 (Taxable) scheme on July 01, 2020 to enable Resident Indians/HUF to invest in a taxable bond, without any monetary ceiling. The investment tenure of these Bonds are 7 years. The interest is paid semi annually on 1st January and 1st July. The current coupon rate is 7.15% and the coupon/interest of the Bond is reset half yearly based on National Savings Certificate (NSC) rate (Base rate + 35bps).