Question
What is the current interest rate per annum offered by
the RBI Floating Rate Savings Bonds (FRSB) 2020 (Taxable) as of January 1, 2024?Solution
The interest rate of RBI Floating Rate Savings Bonds (FRSB) 2020 (Taxable) is reviewed semi-annually and it is due for revision on January 1, 2024. At present, it offers an interest rate of 8.05% per annum. This is one of the highest interest rates offered on safe fixed-income products and many investors want to know if this rate will continue for another six months or not.
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1.   6 income slabs has been reduced to 4 ...
