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RBI Floating Rate Bonds: Offer 7.15% interest from 2021 January to June 2021 |
Reserve Bank of India (RBI) Floating Rate
Bonds were introduced in June 2020 as a replacement for RBI 7.75% bonds (2018)
A floating-rate bond has a variable interest
rate, unlike a fixed-rate bond.
When interest rates increase, the
interest payout increases and vice-versa.
There is no cumulative option.
The interest rate for these bonds would reset
every 6 months.
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