MoneyLens / Bonds & debt
Your bond, explained.
Floating Rate Savings Bonds, 2020 (Taxable) · Floating Rate Savings Bonds, 2020 (Taxable)
Illustrative
Bonds · 1 held · Bonds held
Statement —
Value
₹3,00,000
at the prices known
Interest
₹24,150
in the next 12 months
Next payment
1 Jan 2027
₹12,075 · Floating Rate Savings Bonds, 2020 (Taxable)
Bonds
1
RBI Floating Rate Savings Bond
1 bond worth about ₹3,00,000, paying ₹24,150 of interest in the next 12 months. ₹3,00,000 comes back in 2030. Interest is taxed at your slab as it's paid.
Myra's most important observations
Six questions, answered
Tap an answer for the detail01What's in this check
- Bonds1
- KindsRBI Floating Rate Savings Bond
- DocumentsCertificate of holding · RBI savings bonds
02In short
1 bond worth about ₹3,00,000, paying ₹24,150 of interest in the next 12 months. ₹3,00,000 comes back in 2030. Interest is taxed at your slab as it's paid.
03Key numbers
Bonds heldValue
₹3,00,000
Face value
₹3,00,000
repaid at maturity
Interest
₹24,150
next 12 months
Bonds
1
1 issuer
Next maturity
2030
₹3,00,000
04Important findings
Most important first · tap to expandThe central government pays interest and principal, so default isn't the risk to watch. The rate moves every six months.
Holdings p.1
Coming up
1 Jan 2027
₹12,075 from Floating Rate Savings Bonds, 2020 (Taxable)
08What Myra could not verify
0Nothing essential is missing.
09Suggested questions
05What you're committing to
- ₹3,00,000 of face value to be repaid
- Interest on fixed dates, taxed as it's paid
- The issuer's promise; no deposit insurance
06What can change
- PriceWith interest rates and the issuer's credit
- RatingAgencies review it at least once a year
- TaxRules by the date interest is paid or a bond sold
07Getting money out
- At maturityThe face value (or redemption amount) back
- Selling earlyOn the exchange, if listed and there's a buyer
- Locked54EC: 5 years; RBI savings bonds: seniors only