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Product & Services


GOI 7.15% Floating Rate Bond

RBI has started Floating Rate Saving Bond, 2020 (Taxable) from 1 July 2020. In this bond the rate would be decide or reset in every 6 month (1st July/1st Jan) and it will we NSC rate+0.35%. It has started with 7.15% from 1st July 2020 ((NSC rate (6.80%)+0.35%)) Many investors find these bonds attractive because of the assured rate of return and the sovereign guarantee that these bonds offer. These bonds cannot be transferred, non tradable and are non-negotiable.

Advantages of IFIN products

  • We have 28 branches across India
  • Experienced certified professionals
  • Tie up with HDFC Bank for 7.15% RBI Floating Rate bonds
  • Assured quality service
  • Fast turnaround times for applications or any resolutions
  • Doorstep service for Senior Citizens and other clients.

Main benefits of the product:

  • 100% risk free investment
  • Assured interest rate of 7.15%
  • Interest payment: Half yearly every 6 month (1st July/1st Jan) - [Non-cumulative]
  • The 7.15% RBI Floating Rate bonds are issued by RBI and sovereign in nature and therefore offers a high level of safety to investors
  • GOI 7.15% Floating Rate Bonds are issued only in DEMAT mode and maintained in the Bond Ledger Account (BLA) of the RBI. A certificate of holding is issued to the investor.
  • The Interest is taxable but there is exemption from Wealth Tax under Wealth Tax Act 1957
  • Pre-mature encashment is possible for senior citizens
  • 60 to 70 years - after 6 years from the date of issue
  • 70 to 80 years - after 5 years from the date of issue
  • 80 years and above- 4 years from the date of issue

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