8.05 %* RBI - Floating Rate Savings Bonds 2020 (Taxable)

If you are looking for assured returns with complete safety of your principal amount, RBI Bond is an attractive investment option.

Process to apply for RBI Bonds.

✅ Download the 8.05 %* RBI - Floating Rate Savings Bonds 2020 (Taxable) Form here.


✅  Pages to be Signed are Page No. 2, 3, 5 and Aadhar Declaration form.

✅ Document to be attached with Form are .




✅You can send Document directly to us with a soft copy on info@manishaggarwal51.com or WhatsApp us on 9729833031 else application will be rejected

HUF Declaration Form (for HUF only)

✅ Download the Form 15G

✅ Download the Form 15H

Online Module

✅ Kindly keep ready images of  bank cheque leaf & signature for uploading.

✅ You can do Payment only through Net-Banking, UPI , Note that : DEBIT CARD / CREDIT card link is blocked in the site

✅ After making payment you need to choose option of E-SIGN after that no need to submit application form.

✅ If you choose download application form option than  they have to send sign application form with KYC. 

✅ Individual can only invest, HUF not allowed in online mode.

✅ The Bonds will be issued, in demat form and credited to the Bond Ledger Account (BLA) in your name.


Individuals (single, joint or minor) and HUFs can invest in these Bonds. Face Value of Bond is ₹ 1,000 and the minimum investment is one bond (₹ 1000). Non-Resident Indian cannot invest.

Limit and Tenure

There is no maximum limit on Investment. Bond tenure is 7 years.


The Government of India decided to issue Floating Rate Savings Bonds (Taxable) 2020 with effect from July 01, 2020 to enable Resident citizens/HUF to invest in a taxable bond, without any monetary ceiling. This Floating Rate Savings Bond 2020 has replaced 7.75% Savings Bond 2018.

Timelines Post Investment: 


1. What is Taxable (Saving) Government of India Bonds that are issued by Reserve Bank of India ? 

Government of India bonds are bonds that are issued for subscription by the Government of India thru Reserve Bank of India. Since these bonds are issued by the Government of India, they are Sovereign in nature. 

2. Where can an investor purchase Taxable (Saving) RBI Bonds ? 

RBI has allowed distribution of RBI bonds thru Nationalised Banks , designated Private Banks.

3. Who can subscribe to Taxable (Saving) RBI Bonds ? 

Currently the purchase of RBI Bonds is Restricted to only Resident-Individual and Resident HUF category of investor only. 

4. Can NRI invest in Taxable (Saving)RBI Bonds as an individual ? 

A NRI cannot subscribe to RBI bonds in individual capacity. 

5. What is the Interest rate and tenure of Taxable (Saving) RBI Bonds ? 

The current rate of Interest is 8.05 % * Annually. The coupon on 1st January 2023 shall be paid at 8.05% p.a.* The Interest rate for next half-year will be reset every six months, the first reset being on January 01, 2023 and is linked/pegged with prevailing National Saving Certificate (NSC) rate with a spread of (+) 35 bps over the respective NSC rate.

 6. Is premature encashment possible for 8.05 % RBI Taxable (Saving) Bonds ? 

Premature encashment is possible for investors in 8.05 % RBI Taxable (Saving) bonds with restrictions . A senior citizen who is above 80 years can prematurely encash after completing four years of subscription. A senior citizen who is above 70 years can prematurely encash after completing five years of subscription. A senior citizen who is above 60 years can prematurely encash after completing six years of subscription. 

7. What are the interest option available for 8.05 % RBI Taxable (Saving) Bonds? 

Semi-annually on 1st January and 1st July every year. No Cumulative Option available

8. Are interest income on 8.05 % RBI Taxable (Saving) Bonds tax free and is Tax deducted at Source (TDS) on interest income on 8.05 % RBI Taxable (Saving) Bonds? 

The interest earned on investing money in 8.05 % RBI Taxable (Saving) Bonds is taxable in the hand of the investor as per their tax bracket . Tax is deducted at source by while paying interest if the amount of interest exceeds Rs. 10000 in a Financial Year. Investors in 8.05 % GOI Taxable (Saving) Bonds who are not bound to pay Tax may submit Form 15G/15H to the issuing office for non deduction of TDS on Interest. 

9. Will TDS certificate be issued in case TDS is deducted for Interest paid for 8.05 % RBI Taxable (Saving) Bonds ? 

TDS certificate will be given to all subscribers of 8.05 % RBI Taxable (Saving) Bonds for whom TDS has been deducted while issuing interest payment .