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.
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.
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