RBI's floating rate savings bonds: Decoding the investment option
Abhishek Kumar's role: Quoted
Abhishek Kumar cautioned that income from these bonds depends on where the rate moves, so investors should be comfortable with lower payouts if rates fall. He also noted that, unlike a debt mutual fund, they cannot be bought and sold.
More of Abhishek's views on saving and deposits
Business Insider India explains the Government of India floating rate savings bonds issued through the RBI. It covers half-yearly interest, the link to the National Savings Certificate rate plus 35 basis points, and the 8.05% rate set for October 2023 to April 2024.
