Do you want an investment which is guaranteed and safe? RBI bonds form a secure option to Indian investors because they are one of the safest investments. These bonds are issued by the Government of India and are guaranteed by the RBI that ensures them no-risk returns.
The bonds offered by the RBI, e.g., the RBI Floating Rate Savings Bond (Taxable) offer competitive interest as well, which will be re-revised semi-annually. At the time of the last update the interest rate is 9.10% with interest payable semi-annually. The term of these bonds is seven years and suits conservative investors who are not interested in the riskiness of the instrument.
The main distinguishing characteristics are the following:
The Government of India backed this up
Risk to lose capital
Min shot: 1,000
There is no capping on investment
Every 3 months interest
You can reserve bank of india bonds with the assistance of the selected banks and other financial institutions, such as the ESME Sanjhi Poonji by RKFS, which is ready to help a person choose the most appropriate opportunities and follow the investment procedure step by step.
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