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IRDAI introduces floating Rate Savings bond 2020

July 2, 2020
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The Government of India has decided to launch Floating Rate Savings Bonds 2020 (Taxable) scheme, with effect from July 01, 2020 in terms of GoI Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020. The terms and conditions of the issuance of the Bonds shall be as per the GOI Notification. The Floating Rate Savings Bonds 2020 (FRSB Bonds) will have a tenure of 7 years and the interest rate will keep varying during the tenure of the scheme. Currently,
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