Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Investment typeGovernment of India Floating Rate Savings Bonds 2020 (Taxable) held electronically in a Bond Ledger AccountView source
The Government of India issues the bond; acts as a designated receiving and servicing office.
- Source
- Floating Rate Savings Bonds 2020 (Taxable)
- Page / section
- Salient Features
- Accessed
- 12 Aug 2026
- Confidence
- high
EligibilityResident individuals singly, jointly, on either-or-survivor basis or for a minor, and HUFs; NRIs are not eligibleView source
explicitly excludes non-resident Indians.
- Source
- Floating Rate Savings Bonds 2020 (Taxable)
- Page / section
- Salient Features and — Who can invest
- Accessed
- 12 Aug 2026
- Confidence
- high
Investment amountMinimum ₹1,000, then in multiples of ₹1,000; no maximumView source
The bonds are issued at par: ₹1,000 paid for each ₹1,000 nominal amount.
- Source
- Floating Rate Savings Bonds 2020 (Taxable)
- Page / section
- Salient Features — Issue Price and Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Current coupon for July-December 20268.05% p.a., derived as the prevailing 7.70% NSC rate plus 0.35 percentage pointsEffective 1 Jul 2026View source
Calculated directly from the continuing 7.70% rate and fixed 35-basis-point spread. The coupon resets every six months and is not guaranteed beyond this period.
- Source
- Government small-savings 2026-27 rate notice and FRSB reset formula
- Page / section
- rates unchanged; FRSB coupon equals prevailing rate plus 35 basis points
- Accessed
- 12 Aug 2026
- Confidence
- high
Coupon payoutNon-cumulative, paid electronically every 1 January and 1 July; no cumulative optionView source
Interest is credited to the holder's bank account; it does not compound within the bond.
- Source
- Floating Rate Savings Bonds 2020 (Taxable)
- Page / section
- Salient Features and — interest payment
- Accessed
- 12 Aug 2026
- Confidence
- high
Maturity7 years from issue; no interest after maturityView source
Ordinary investors cannot redeem before maturity under the published terms.
- Source
- Floating Rate Savings Bonds 2020 (Taxable)
- Page / section
- Salient Features and — maturity
- Accessed
- 12 Aug 2026
- Confidence
- high
Senior-citizen early redemptionAge 60-69 after 6 years; age 70-79 after 5 years; age 80+ after 4 years; 50% of the last six months' interest is recoveredView source
For joint holdings the eligible lock-in applies if at least one holder meets the age condition; date-of-birth evidence is required.
- Source
- Floating Rate Savings Bonds 2020 (Taxable)
- Page / section
- 16-19 — premature withdrawal
- Accessed
- 12 Aug 2026
- Confidence
- high
Trading, transfer and collateralNot transferable or tradeable in the secondary market and not eligible as collateral for a loanView source
These restrictions materially distinguish the product from marketable government securities and bank deposits that permit loans.
- Source
- Floating Rate Savings Bonds 2020 (Taxable)
- Page / section
- Salient Features and 11-12
- Accessed
- 12 Aug 2026
- Confidence
- high
Subscription paymentCash up to ₹20,000, draft, cheque or an electronic mode accepted by the receiving officeView source
does not publish a bank-specific online application URL on the reviewed page.
- Source
- Floating Rate Savings Bonds 2020 (Taxable)
- Page / section
- Salient Features — subscription
- Accessed
- 12 Aug 2026
- Confidence
- high
Published tax treatmentInterest is taxable and subject to applicable TDS rulesView source
No fixed tax or rate is inferred; the holder's current legal status and applicable law control.
- Source
- Floating Rate Savings Bonds 2020 (Taxable)
- Page / section
- Salient Features and 7, 9 and 20
- Accessed
- 12 Aug 2026
- Confidence
- high
Latest government rate notificationFor 1 July-30 September 2026, interest rates on Small Savings Schemes remain unchanged from the rates notified for 1 April-30 June 2026. The one-page Q2 memorandum does not repeat the scheme-wise rate table, so it is evidence of continuity and not an independent source for numeric scheme rates.Effective 1 Jul 2026View source
All text, date boundaries and the unchanged-rate qualification from the complete one-page memorandum are retained.
- Source
- Government of India Small Savings Interest Rates — 2026-27
- Page / section
- Page 1 — Office Memorandum dated 30 June 2026
- Accessed
- 13 Aug 2026
- Confidence
- high
ChannelsSBI authorised receiving branches listed for Government of India Bond applications and servicing; the page links the current application form and procedural material.View source
The page exposes an Authorised Branches link and directs investors to branch applications.
- Source
- Government of India Floating Rate Savings Bonds 2020
- Page / section
- Authorised Branches and application form
- Accessed
- 29 Aug 2026
- Confidence
- high
AvailabilityApplications are accepted through SBI branches designated as receiving officesView source
The manually reviewed product record states: “Applications are accepted through branches designated as receiving offices”.
- Source
- Floating Rate Savings Bonds 2020 (Taxable) — official product page
- Page / section
- Published product metadata
- Accessed
- 12 Aug 2026
- Confidence
- high
Customer typeResident individuals singly or jointly; Resident individuals investing for a minor; Hindu Undivided Families; Eligible senior citizens seeking early-redemption provisionsView source
The manually reviewed product record states: “Resident individuals singly or jointly; Resident individuals investing for a minor; Hindu Undivided Families; Eligible senior citizens seeking early-redemption provisions”.
- Source
- Floating Rate Savings Bonds 2020 (Taxable) — official product page
- Page / section
- Published product metadata
- Accessed
- 12 Aug 2026
- Confidence
- high
Benefits and features
- Government of India issuance
- Semiannual floating coupon at plus 35 basis points
- No maximum investment
- Joint and eligibility
- Senior-citizen early-redemption schedule
- Electronic Bond Ledger Account holding
Eligibility
- are not eligible.
- The bond is non-tradeable, non-transferable and cannot secure a loan, so ordinary liquidity is limited until seven-year maturity.
- The 8.05% coupon applies for July-December 2026 and resets with the prevailing rate every six months.
- Interest is taxable; verify current tax and treatment for the holder's circumstances.
- Applications are limited to designated receiving-office branches rather than every branch.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Bond application and documents required by the designated receiving office
- Bank-account details for electronic coupon credit
- Date-of-birth evidence for senior-citizen premature redemption
- Applicable tax-exemption certificate and declaration where claiming an available statutory exemption
Related official documents
Government of India Small Savings Interest Rates — Q2 FY 2026-27government-interest-rate-office-memorandum · current · accessed 12 Aug 2026
↗RBI Floating Rate Savings Bonds 2020 (Taxable) — Operational Guidelinesrbi-operational-guidelines · current · accessed 12 Aug 2026
↗SBI Government of India Floating Rate Savings Bonds 2020official-product-page · current · accessed 29 Aug 2026
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