Dear Customer,
We are pleased to launch Floating Rate Savings Bonds, 2020 (Taxable) on
The newly launched bonds have floating interest rate option. The rates will be linked with prevailing National Saving Certificate (NSC) rate with a spread of (+) 35 bps over the respective NSC rate.
Once you apply, you will receive a Certification of Holding with the Bond Ledger Account number and your Bonds can be viewed in the Holdings section of FD/Bonds page.
#Residents Individuals and HUFs are eligible to invest. Resident Individuals can apply online through
^Premature redemption shall be allowed for specified categories of senior citizens.
**Transferable to a nominee(s)/legal heir in case of death of the holder of the bonds.
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