Government made amendments to Personal Finance Investors. They had closed RBI bonds on a Saturday, just giving half-day (Monday) to build panic among fixed-income investors. And almost a month after they have launched the improvised version – RBI 7.15% Floating Rate Savings Bonds 2020. These RBI Bonds start for subscription from July 01, 2020.
What are the features of RBI Floating Rate Savings Bonds? Should you invest? What is “Floating” in RBI 7.15% Floating Rate Savings Bonds? Who can invest? Let see in today’s post:
RBI 7.15% Floating Rate Savings Bonds 2020
These bonds have been launched in place the earlier withdrawn from 7.75% RBI bonds. The previous version offered 7.75% RBI bonds offered a fixed interest rate for the tenure of the bonds. You can also interest on a cumulative basis. The new bonds disappoint on these very basic features. Many features are the same as the closed bonds. Let’s check-in details.
RBI 7.15% Floating Rate Savings Bonds 2020 Features
