At 8.05% interest, RBI Floating Rate Savings Bonds could be a better investment than bank FDs, NSC
Fixed deposit vs NSC vs RBI Floating Rate Savings Bonds: The interest rate of RBI Floating Rate Savings Bonds 2020 (Taxable) (FRSBs) is linked to the interest rate of the National Savings Scheme (NSC), a small savings scheme offered by the Union government. RBI Floating Rate Savings Bonds will pay 0.35 per cent higher than what NSC offers. The interest rate of RBI Floating Rate Savings Bonds is likely to be higher than most of the fixed instrument products in the market. Is it a better investment option than fixed deposit and NSC? Find out here
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