Floating Rate Saving Bond -2020 (FRSB-2020)

Resident Individuals and Hindu Undivided Families (HUFs) are eligible to invest in these bonds. Non-Resident Indians (NRIs) are not eligible.

Yes, the minimum investment amount is Rs. 1000/-, and investments must be made in multiples thereof.

Bonds are held in electronic form in a Bond Ledger Account opened in the name of the investor(s) by the Receiving Office.

Yes, premature redemption is allowed for eligible investors after a lock-in period of 4, 5, and 6 years in the age bracket of 80 years and above, between 70 to 80 years, and 60 to 70 years respectively. 50% of interest due and payable for the last six months shall be recovered as a penalty.

No, the bonds are non-transferable and non-tradable in the secondary market. They are also not eligible as collateral for availing loans.