Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
EligibilityResident individuals (single, joint or survivor), a minor through parent/
The official page lists eligible holders and the authorised-branch count.
- Source
- Floating Rate Savings Bonds 2020
- Page / section
- Eligibility / Introduction
- Accessed
- 23 Aug 2026
- Confidence
- high
Minimum investment₹1,000 face value and multiples thereof; no maximum investment limit.View source
The official page publishes the ₹1,000 face value and no maximum.
- Source
- Floating Rate Savings Bonds 2020
- Page / section
- Issue price / Investment limit
- Accessed
- 23 Aug 2026
- Confidence
- high
CouponCoupon resets half-yearly on 1 January and 1 July at the prevailing NSC rate plus 35 basis points; the page lists 8.05% for 1 July–31 December 2025, payable 1 January 2026.Effective 1 Jul 2025View source
The official page explains the -linked reset formula and gives the latest displayed coupon period.
- Source
- Floating Rate Savings Bonds 2020
- Page / section
- Interest rate / Coupon reset
- Accessed
- 23 Aug 2026
- Confidence
- high
TenureRepayable after 7 years from issue.View source
The official page states the seven-year repayment term.
- Source
- Floating Rate Savings Bonds 2020
- Page / section
- Maturity
- Accessed
- 23 Aug 2026
- Confidence
- high
Premature encashmentPremature encashment is available only to individual investors aged 60 or above; the bond is otherwise non-transferable, non-tradable and cannot secure a loan.View source
The official page limits early encashment to individual investors aged 60+ and lists transfer/trading restrictions.
- Source
- Floating Rate Savings Bonds 2020
- Page / section
- Transfer / Premature encashment
- Accessed
- 23 Aug 2026
- Confidence
- high
Interest payout / taxInterest is paid half-yearly on 30 June and 31 December. Interest is taxable and TDS is deducted when paid; nomination is available.View source
The official page publishes payment dates, tax treatment and nomination.
- Source
- Floating Rate Savings Bonds 2020
- Page / section
- Interest payment / Tax
- Accessed
- 23 Aug 2026
- Confidence
- high
Senior-citizen rateNot applicable — the reviewed scheme page does not publish a separate senior-citizen rate or age-based rate uplift for this product.View source
The reviewed official scheme pages describe the applicable government or product rate but do not provide a separate senior-citizen rate column.
- Source
- Bank of Baroda government deposit scheme catalogue and linked scheme pages
- Page / section
- Rate / eligibility sections
- Accessed
- 29 Aug 2026
- Confidence
- high
Eligibility
- Resident individuals (single, joint or survivor), a minor through parent/guardian, and
- 93 Bank of Baroda branches are authorised for subscription.
Passing a listed condition does not mean the bank will approve an application.
Related official documents
Bank of Baroda government schemes and deposit product pagesofficial-product-pages · current · accessed 29 Aug 2026
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