RBI keeps floating rate savings bond interest rate for July-Dec at 8.05%

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Seek a secure investment with sovereign guarantee on both principal and interest.

The lock-in period depends on age: six years for those aged 60 to 70, five years for those aged 70 to 80, and four years for those over 80.

Premature withdrawal is generally not allowed, except for senior citizens who can withdraw early with a penalty after a minimum lock-in period.

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Category: BusinessFinance

Markets: India

Topics: Rbi floating rate bond 2020 interest rate RBI bonds Rbi floating rate savings bond interest rate Floating rate savings bonds Investment Financial planning Secure investments Rbi floating rate savings bond Rbi savings bond interest rate Rbi floating rate bond latest interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 13:19:08 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21456518

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