RBI bonds are issued by the RBI and are backed by the Government of India. Therefore, the investment in these bonds is completely risk-free.

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In case of joint holders or more than two holders of bonds, any one of the holders can fulfill the eligibility criteria to make withdrawals before maturity.

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There is a penalty for premature withdrawal in RBI Savings Bonds to the tune of 50% of interest due and payable for the last six months of the holding period.

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The Bonds will be issued only in the electronic form and held at the credit of the holder in an account called Bond Ledger Account (BLA), opened with the Receiving Office.

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