Explore how Floating Rate Savings Bonds, 2020 (Taxable) can be a starting point for investment These bonds feature a seven-year maturity, half-yearly interest payouts, and a low entry point of ₹1,000
With rising expenses and an upgrade in standard of living, it is vital to have a well-balanced investment portfolio comprising effective tools that can help in the fulfilment of several goals. Finding the right investment avenue can be challenging with the variety of choices one has at their fingertips, but it is crucial to opt for those that contribute to long-term well-being.
#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
#Pahalgam Terrorist Attack
PM Modi-led 'Super Cabinet' reviews J&K security arrangements
Pakistan's General Asim Munir is itching for a fight. Are his soldiers willing?
India planning to launch military strike against Pakistan within 24 to 36 hours, claims Pak minister
Floating Rate Savings Bonds, 2020 (Taxable) is a tool that empowers individuals to secure their financial resources and make the most out of fluctuating interest rates. These bonds are issued by the Reserve Bank of India on behalf of the Government of India.
Eligibility criteria
A person who wishes to invest in the Floating Rate Savings Bonds, 2020 (Taxable) needs to be an Indian resident in his or her individual capacity, in their own name, on a joint basis, or a one-or-survivor basis, parents/ legal guardians on behalf of a minor, or members of a Hindu undivided family.
Key features
a:hover{text-decoration:none;} .liveEventMain_widget{margin-top:15px;padding-top:24px;border-top:2px solid #000;position:relative;font-family:Montserrat;} .liveEvent_slider{position:relative;overflow:hidden;} .liveEvent_slider ul{white-space:nowrap;list-style:none;margin-top:12px;} .liveEvent_slider ul.sliderContainer{margin-bottom:30px;} .liveEvent_slider ul li{white-space:normal;width:282px;vertical-align:top;display:inline-block;margin-right:12px;border-radius:12px;box-shadow: 0px 4px 12px 0px #2407461F;background-color:#fff;overflow: hidden;} .images_wrap{position:relative;} .images_wrap .cover_img{object-fit:cover;object-position:center;border-top-left-radius:4px;border-top-right-radius:4px;} .images_wrap .author_img{position:absolute;left:10px;top:13px;border-radius:10px;} .images_wrap::before{background-image: linear-gradient(180deg, rgba(11, 11, 46, 0) 20.31%, rgba(11, 11, 46, .6) 61.46%, #0b0b2e);content: "";height: 100%;left: 0;position: absolute;right: 0;width: 100%;} .liveEventMain_widget .details{padding:12px;} .liveEventMain_widget .category{font-size:12px;line-height:14px;font-weight:700;color:#6a11b0;margin-bottom:8px;} .liveEventMain_widget .course_name{font-size:16px;line-height:20px;font-family:Faustina;-webkit-line-clamp:2;overflow:hidden;height:40px;display:-webkit-box;-webkit-box-orient:vertical;font-weight:600;color:#000;} .liveEventMain_widget .details .author_name{font-size:13px;line-height:16px;color:#333;font-weight:400;margin-top:4px;-webkit-line-clamp:2;overflow:hidden;height:32px;display:-webkit-box;-webkit-box-orient:vertical;} .liveEventMain_widget .view{border: 1.5px solid #D51131; display: block; padding: 8px 0; text-align: center; border-radius: 4px; font-size: 14px; line-height: 16px; color: #D51131; margin-top: 12px; width: 100%; font-family: Montserrat; font-weight: 600; cursor: pointer;} .liveEventMain_widget .view span{display: inline-block; width: 6px; height: 6px; border-top: 1.5px solid #ed193b; border-left: 1.5px solid #ed193b; transform: rotate(90deg); position: relative; left: 5px; top: -2px;} .liveEventMain_widget .view span::after{content: ''; display: inline-block; width: 11px; border-top: 1.5px solid #ed193b; transform: rotate(45deg); position: absolute; top: 3px; left: -2px;} .liveEventMain_widget .arrow_btn{width: 26px; height: 25px; position: absolute; z-index: 11; background-size: 312px; cursor: pointer;} .liveEventMain_widget .nextprev-btn{display:inline-block;width: 100%; position: absolute; top: 59%;} .liveEventMain_widget .prev-btn{background-position: -212px -2px;left: -12px;} .liveEventMain_widget .next-btn{background-position: -241px -2px; right: -3px;left:unset;} .liveEventMain_widget .arrow_btn.disable{opacity:0.5;} .liveEventMain_widget .ts-dots{display:inline-block;position:absolute;top:34px;right:10px;} .liveEventMain_widget .ts-dots ul{display:inline-block;} .liveEventMain_widget .ts-dots li{width:7px;height:7px;border-radius:50%;background-color:#cdcdcd;margin:0 2px;display:inline-block;} .liveEventMain_widget .ts-dots li span{display:none;} .liveEventMain_widget .ts-dots li.active{background-color:#ed193b;} .liveEventMain_widget .topContain { display: flex; align-items: center; gap: 6px; } .liveEventMain_widget .topContain .imgBox { max-width: 40px; } .liveEventMain_widget .topContain .logoTitle { font-family: "Montserrat", "Verdana"; font-weight: 700; font-size: 20px; line-height: 100%; } .liveEventMain_widget .topContain .logoSubTitle{ position: relative; font-size: 18px; font-weight: 500; line-height: 1.2; color: #747474; margin-left: 24px; } .liveEventMain_widget .topContain .logoSubTitle:before{ content:''; position: absolute; left: -13px; top: 0; width: 1px; height: 100%; background-color: #838383; } .liveEventMain_widget .liveEvent_slider .liveEventCardContainer{ } .liveEventMain_widget .liveEvent_slider .liveEventCardContainer .liveEventCard{ display: flex; } .liveEventMain_widget .liveEvent_slider .liveEventCardContainer .liveEventCoverImg{ }
Live Events
Floating Rate Savings Bonds, 2020 (Taxable) are debt instruments that offer interest payments, adjusted on the basis of current market rates. Unlike fixed-rate bonds, where the interest remains constant, these offer the advantage of increasing interest payments when market rates rise. This tool offers safe and attractive returns. The interest rate of the bond would be reset half yearly, every 1st of January and 1st of July, and will be linked with the prevailing National Saving Certificate (NSC) rate with a spread of (+) 35 bps over the respective NSC rate. Currently, it can be availed at an interest rate of 8.05%. Some of the facets of this tool are:A comfortable tenure: With a seven-year maturity period from the date of issue and a special provision for premature redemption for senior citizens, subject to conditions. Steady cash flow: With a floating rate of interest and a half-yearly interest payout, the cash flow can aid in covering fixed expenses. Lower entry point: The minimum investment for this instrument is ₹1,000. There is also no upper limit for investment as compared to similar fixed-return products * (SCSS). This tool empowers individuals to explore its prospects. Such a low entry point is an opportunity for young individuals or even someone close to retirement to park their money.Stock Holding: Adding value to your investment journey
Helping one integrate Floating Rate Savings Bond, 2020 (Taxable) in their investment portfolio is Stock Holding Corporation of India Limited, which eases the financial journey of investors across several asset classes.
StockHolding distributes various savings and investment products such as Mutual Funds, Fixed Deposits, Non-Convertible Debentures (NCDs), IPO/ FPOs, 54 EC Capital Gain Bonds, Government of India Bonds(FRSB2020), Secondary Market Bonds and Portfolio Management Services (PMS).
With a presence across India and a robust set of branches, StockHolding offers a platform for investors to purchase these bonds, ensuring a smooth application process and adherence to KYC norms, making these opportunities accessible to individuals.
Apart from Floating Rate Savings Bonds 2020 (Taxable) , the company also offers varied financial products such as mutual funds, demat services, and more. This variety helps investors choose tools according to their risk appetite and life goals.
Floating Rate Savings Bonds, 2020 (Taxable) is an option for individuals who are manoeuvring the financial markets’ complexities. With fluctuating interest rates and prospects of an income flow, this can be a significant addition to one’s financial kitty. With an understanding of how these bonds work and how they can fit into one’s life, one can make informed decisions. Investing should be about building for a future that one looks forward to, and these bonds can add to that journey.
#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} (This article is generated and published by ET Spotlight team. You can get in touch with them on [email protected])
This story originally appeared on: India Times - Author:Faqs of Insurances
