Free guide · Government schemes
An RBI bond that pays 8.05% from ₹1,000.
The full picture of the Floating Rate Savings Bond from my video, and exactly how to buy one.
9 pages · Verified Oct 2026 · Free to share
The numbers at a glance
- Start with
- ₹1,000
- Rate now
- 8.05%
- Interest paid
- 6-monthly
- Tenure
- 7 yrs
The rate is the NSC rate plus 0.35%, reset every 1 January and 1 July. 8.05% is the rate for Jul to Dec 2026.
The one thing to notice
Interest is paid out, not added back, and it is taxed at your slab. Below 60 the money is locked in for the full seven years.
What's inside the PDF
- 1What your money actually earns. Payouts from ₹1,000 to ₹10 lakh.
- 2Why it's called floating. The NSC link and the rate so far.
- 3The rules, in one table. Who can buy, limits, nomination.
- 4Exiting early and maturity. Senior citizens only, and what it costs.
- 5Two ways to buy it. RBI Retail Direct or a bank branch, step by step.
- 6What you keep after tax. Your slab, your real return.
More like this
New guides land on Instagram first.
A short video most days, and the PDF in the comments when enough people ask for it.
Follow @buildwithabinashHow I checked this
- Every total computed in code, not by hand
- Sources listed on the last page of the PDF
- Re-checked on Oct 2026
Disclaimer
Education only, not investment advice, and not a recommendation of any product. I am not a SEBI-registered investment adviser. The rate resets every six months, so the payouts shown are illustrations at today's 8.05%. Check the latest terms with RBI or your bank before investing.