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RBI Powers Up Floating Rate Savings Bonds, Believe It!

RBI Powers Up Floating Rate Savings Bonds, Believe It!

Hey there, future bond champions! The RBI is leveling up the Floating Rate Savings Bonds game! They’re keeping the seven-year journey and that awesome NSC rate plus 35 bps, but they’re tightening the rules for banks to make sure you get your hard-earned cash on time! It’s time to shine, believe it!

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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