RBI Floating Rate Savings Bonds 2020 (Taxable): 8.05% Interest, Benefits, Tax & FD Comparison
RBI Floating Rate Savings Bond: 8.05% Interest, Higher Than Many Bank FDs
English and Marathi guide covering returns, eligibility, seven-year maturity, senior-citizen withdrawal and taxation.
Information updated on 23 August 2026. Rates may change in future reset periods.
RBI Floating Rate Savings Bonds 2020 (Taxable)
These bonds are issued by the Government of India under the RBI framework. They have very low credit risk, but investors must still consider liquidity, changing interest rates and tax.
How is the 8.05% rate calculated?
With NSC at 7.70%, the applicable rate for July–December 2026 is 8.05% p.a. The next reset is on 1 January 2027.
The rate is reset every 1 January and 1 July; it is not fixed for all seven years. Interest is credited half-yearly to the registered bank account. There is no cumulative option.
Key features
Government-issued
Very low default risk due to Government of India backing.
Investment amount
Minimum ₹1,000 in multiples thereof; no maximum limit.
Eligibility
Resident individuals, joint holders, guardian for a minor and HUF. NRIs are not eligible.
Electronic holding
Held in a Bond Ledger Account (BLA), with nomination facility.
Premature withdrawal
| Age | Redemption after minimum lock-in |
|---|---|
| Below 60 | Normally unavailable before 7-year maturity |
| 60–70 | After 6 years |
| 70–80 | After 5 years |
| 80 or above | After 4 years |
Confirm applicable penalty and operational conditions with the receiving office.
Bank FD vs RBI Bond
| Factor | Bank FD | FRSB 2020 (T) |
|---|---|---|
| Rate | Generally fixed for selected tenure | Resets every six months |
| Current return | Varies by bank and tenure | 8.05% for Jul–Dec 2026 |
| Safety | DICGC cover up to ₹5 lakh per depositor per bank for eligible deposits | Issued by Government of India |
| Liquidity | Premature closure/loan may be available | Highly restricted |
| Tax | Interest taxable | Interest taxable; no 80C deduction |
₹10 lakh illustration
Gross annual interest: ₹10,00,000 × 8.05% = ₹80,500
Approximate half-yearly payout: ₹40,250
Illustrative only. Actual payout depends on the applicable rate, day count, TDS and tax. Future 8.05% is not guaranteed.
Tax and TDS
- Interest is fully taxable and added to total income.
- No Section 80C deduction is available.
- TDS may apply; the current Section 193 threshold for these notified bonds is ₹10,000.
- Eligible residents may check Form 15G/15H applicability.
RBI फ्लोटिंग रेट सेव्हिंग्ज बाँड 2020 (करपात्र)
हे बाँड भारत सरकारकडून RBIच्या यंत्रणेतून जारी केले जातात. Credit risk अत्यंत कमी असला तरी liquidity, बदलता व्याजदर आणि करपरिणाम समजून घेणे आवश्यक आहे.
8.05% व्याजदर कसा ठरतो?
NSCचा दर 7.70% असल्यामुळे जुलै–डिसेंबर 2026 साठी 8.05% वार्षिक दर लागू आहे. पुढील reset 1 जानेवारी 2027 रोजी होईल.
हा दर संपूर्ण सात वर्षांसाठी fixed नसतो. प्रत्येक 1 जानेवारी आणि 1 जुलैला तो बदलू शकतो. व्याज सहा महिन्यांनी नोंदणीकृत बँक खात्यात जमा होते. Cumulative पर्याय नाही.
मुख्य वैशिष्ट्ये
भारत सरकारचे बाँड
भारत सरकारच्या पाठबळामुळे default risk अत्यंत कमी.
गुंतवणूक
किमान ₹1,000 आणि त्याच्या पटीत; कमाल मर्यादा नाही.
पात्रता
Resident individual, joint holder, minorसाठी guardian आणि HUF. NRI पात्र नाही.
Electronic holding
Bond Ledger Account (BLA) मध्ये नोंद आणि nomination सुविधा.
मुदतपूर्व रक्कम
| वय | किमान lock-in नंतर redemption |
|---|---|
| 60 पेक्षा कमी | सामान्यतः 7 वर्षांपूर्वी उपलब्ध नाही |
| 60–70 | 6 वर्षांनंतर |
| 70–80 | 5 वर्षांनंतर |
| 80 किंवा अधिक | 4 वर्षांनंतर |
लागू penalty आणि अटी receiving officeकडून तपासा.
Bank FD विरुद्ध RBI Bond
| मुद्दा | Bank FD | FRSB 2020 (T) |
|---|---|---|
| दर | निवडलेल्या मुदतीसाठी साधारणतः fixed | सहा महिन्यांनी reset |
| सध्याचा परतावा | बँक व मुदतीनुसार वेगळा | जुलै–डिसेंबर 2026 साठी 8.05% |
| सुरक्षितता | पात्र ठेवींना प्रति depositor प्रति bank ₹5 लाख DICGC cover | भारत सरकारकडून जारी |
| Liquidity | अटींसह premature closure/loan असू शकते | अत्यंत मर्यादित |
| कर | व्याज करपात्र | व्याज करपात्र; 80C deduction नाही |
₹10 लाखांचे उदाहरण
अंदाजे gross annual interest: ₹10,00,000 × 8.05% = ₹80,500
अंदाजे सहामाही payout: ₹40,250
हे उदाहरण आहे. प्रत्यक्ष रक्कम लागू दर, day count, TDS आणि करानुसार बदलू शकते. भविष्यात 8.05% दराची हमी नाही.
Tax आणि TDS
- संपूर्ण व्याज करपात्र असून एकूण उत्पन्नात समाविष्ट होते.
- Section 80C deduction उपलब्ध नाही.
- TDS लागू होऊ शकतो; सध्या notified bondsसाठी Section 193 threshold ₹10,000 आहे.
- पात्र resident investorने Form 15G/15Hची पात्रता तपासावी.
RBI Bond Investment Assistance
RBI Bond गुंतवणूक सहाय्य
For eligibility, documents and investment-process assistance, contact BDPS Associates.
पात्रता, आवश्यक कागदपत्रे आणि गुंतवणूक प्रक्रियेसाठी BDPS Associatesशी संपर्क करा.
Disclaimer / अस्वीकरण: This article is for general education only, not a guaranteed-return promise, personalised advice or tax opinion. हा लेख सामान्य माहितीसाठी आहे. गुंतवणुकीपूर्वी नवीनतम दर, नियम, कर आणि liquidity तपासा. BDPS Associates does not represent RBI or the Government of India.
Official reference: RBI – Floating Rate Savings Bonds 2020 (Taxable)