Reserve Bank of India issues floating interest, taxable bonds on behalf of Govt. of India to provide financing for various long term projects with a fixed term maturity.

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The current interest rate on the RBI floating rate bond is 7.35 percent (7.00% +0.35%).

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Every six months, the interest rates on RBI bonds are reset/previewed.

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The interest on the bonds will be payable at half yearly intervals on Jan 1st and July 1st every year.

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The interest rate will be linked with the prevailing National Saving Certificate (NSC) rate with a spread of (+) 35 bps over the respective NSC rate.

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There is no option to pay interest on a cumulative basis.

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Individual, HUF, Charitable Institutions / Universities.

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Yes, Investors can invest in Joint Holding format.

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Yes, Minors can Invest in RBI Bonds along with Natural / Legal Guardian.

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Bonds will be issued at par price of Rs 1000/- and in multiples there-of.

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RBI Bonds are issued for 7 yrs.

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There is no limit of investment in RBI Bonds.

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Interest on the Bonds will be taxable under the Income-tax Act, 1961 as applicable according to the relevant tax status of the bond holder.

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The RBI Bonds are exempt from Wealth-tax under the Wealth- tax Act, 1957.

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The RBI Bonds are not transferable from one name to another name.

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RBI Bonds are not tradeable on Secondary Market.

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RBI Bonds are not eligible as collateral for loans from banking institutions, non-banking financial companies or financial institutions.

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Yes, Individual Bond holders can make Nomination.

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Investors, those who aim for regular and stable returns without exposing themselves to substantial risks.

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