Skip to content
Sanriya Finvest

Sovereign · floating rateOpen · FY 2026-27

RBI Floating Rate Savings Bonds 2020 (Taxable)

Government of India, issued through the Reserve Bank of India

The Government of India's own savings bond — absolutely sovereign, with a coupon that floats 0.35% above the National Savings Certificate rate and resets every six months. The instrument for money that must be safe and still keep pace with rates.

Current interest8.05% p.a. (NSC rate + 0.35%)
Interest payoutHalf-yearly — 1 January and 1 July
Rate resetEvery six months, against the NSC base rate
Minimum investment₹1,000 — no upper limit
Tenor7 years from the date of issue
SafetySovereign — direct obligation of the Government of India

How to invest through Sanriya

Download the application form below and print it on A4 paper.

Attach a self-attested PAN copy, address proof and one cancelled cheque; HUF applicants also attach the Karta declaration.

Investment is accepted through designated banks — we prepare the file, check it against the filled sample, and walk it through the bank leg with you.

Interest lands in your bank account every 1 January and 1 July; we diarise the half-yearly resets for your reviews.

Worth knowing first

Interest is taxable under the Income Tax Act, 1961 and subject to TDS — eligible investors can submit Form 15G (or 15H for senior citizens) to receive interest without deduction.

The bonds are non-transferable and non-negotiable, and cannot be used as collateral for loans.

Premature redemption is available only to senior citizens, with a lock-in graded by age and a penalty of 50% of the last coupon payment.

Interest is paid out — there is no cumulative option, which makes the bond a natural income instrument for retirees.

Forms & downloads

Rates and issue terms are as published by the issuer for the current series and are revised by the issuer from time to time — always confirm the live rate on the application form before investing. Interest is taxable as per the Income Tax Act, 1961; tax treatment depends on individual circumstances.

Racing a Section 54EC deadline, or planning ahead?

Tell us your transfer date and the amount — we'll map the issuers, dates and paperwork so the exemption is never lost to a missed step.

Talk to us