Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Investment typeGovernment of India Floating Rate Savings Bonds 2020 (Taxable) held electronically in a Bond Ledger Account
Source 1EligibilityResident individuals singly, jointly, on either-or-survivor basis or for a minor, and HUFs; NRIs are not eligible
Source 2Investment amountMinimum ₹1,000, then in multiples of ₹1,000; no maximum
Source 3Current coupon for July-December 20268.05% p.a., derived as the prevailing 7.70% NSC rate plus 0.35 percentage pointsEffective 1 Jul 2026
Source 4Coupon payoutNon-cumulative, paid electronically every 1 January and 1 July; no cumulative option
Source 5Maturity7 years from issue; no interest after maturity
Source 6Senior-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 recovered
Source 7Trading, transfer and collateralNot transferable or tradeable in the secondary market and not eligible as collateral for a loan
Source 8Subscription paymentCash up to ₹20,000, draft, cheque or an electronic mode accepted by the receiving office
Source 9Published tax treatmentInterest is taxable and subject to applicable TDS rules
Source 10Latest 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 2026
Source 11Benefits and features
- Government of India issuance
- Semiannual floating coupon at NSC plus 35 basis points
- No maximum investment
- Joint and HUF eligibility
- Senior-citizen early-redemption schedule
- Electronic Bond Ledger Account holding
Eligibility
- NRIs 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 NSC rate every six months.
- Interest is taxable; verify current tax and TDS treatment for the holder's circumstances.
- Applications are limited to designated receiving-office branches rather than every SBI branch.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Bond application and KYC 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