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    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?
    A 7.50% Correct Answer Incorrect Answer
    B 7.75% Correct Answer Incorrect Answer
    C 8.05% Correct Answer Incorrect Answer
    D 8.25% Correct Answer Incorrect Answer
    E 8.50% Correct Answer Incorrect Answer

    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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