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RBI Bonds – Investment consultant in Pune, India
Floating Rate Savings Bonds are one of the newest investment instruments launched by The Government of India on July 1, 2020. These are a replacement for the 7.75% interest rate RBI Bonds that were withdrawn earlier. With a interest rate of 7.15% that is reset every 6 months, these bonds provide a risk-free investment option.
Risk-free investments
Starting from Rs. 1000, these RBI Bonds pay 6-monthly interest to the investor. Not only is the earning exempt from wealth tax but also provide higher interest rates compared to other investment options like NSC, bank fixed deposits, and provident funds. As financial planning experts, we have well researched the pros and cons of RBI bonds and can guide you in including these as a profitable instrument in your portfolio.