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RBI keeps bond structure but gives operations a boost

RBI keeps bond structure but gives operations a boost

The Reserve Bank of India is keeping the Floating Rate Savings Bonds structure the same but is giving operations a shiny upgrade! Starting now, investors can expect timely interest payments and online applications, while banks must stick to stricter deadlines. New rules are here to make things clearer and better for everyone involved.

Quick rundown

  1. RBI keeps Floating Rate Savings Bonds structure unchanged.
  2. New guidelines focus on digitisation and investor accountability.
  3. Interest rates linked to NSC rate plus 35 basis points.
  4. Banks face stricter timelines and penalties for delays.
  5. Digital access for bond applications required by September 2026.

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