Description
When it comes to choosing the right investment, most people face the same challenge — balancing safety with decent returns. While stock markets can offer growth, not everyone is comfortable with risk. For those who prefer stability, guaranteed income, and trust, one smart choice is the RBI Floating Rate Bond.
This government-backed bond is gaining popularity among investors who want to keep their money safe while still earning a return that keeps up with the market. Let’s dive into what RBI Floating Rate Bonds are, how they work, and why they might be the right fit for your portfolio.
RBI Floating Rate Bonds are savings instruments issued by the Reserve Bank of India on behalf of the central government. Unlike fixed deposits or traditional savings schemes that offer a fixed rate of return, these bonds have a floating interest rate. This means the interest changes over time, depending on market conditions.
Every six months, the interest rate is revised based on the current National Savings Certificate (NSC) rate, plus an additional 0.35%. So, if the NSC rate goes up, your bond’s interest rate goes up too — giving you a better return without needing to reinvest.
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