How to Buy RBI Floating Rate Bond? | with RR Finance

Himanshu Thukral01 May, 2024Finance

Here you you will get to know about How to buy RBI Floating Rate Bonds. Click here to learn more about RBI Floating Rate Bond. The Reserve Bank of India (RBI) issues bonds known as RBI Floating Rate Bonds, which provide variable interest rates. The interest rate on RBI Floating Rate Bonds is linked to the National Savings Certificate (NSC) rate, ensuring a dynamic return for investors in response to prevailing interest rates. These floating rate bonds will continue to earn 0.35% higher ROI than the prevailing NSC rate. If NSC's ROI changes, the coupon/Interest rate on these bonds is subject to change every six months, on January 1 and July 1.