Can NRIs invest in RBI Floating Rate Savings Bonds offering 8.05% interest rate? - The Economic Times

RBI Floating Rate Savings Bonds 2020 (Taxable) are among one of the lowest risk investment options as they are backed by the government of India.

The bond offers an 8.05% interest rate at present and the rate is determined by the National Savings Certificate interest rate+ 35 bps.

Investors in India find it as an attractive investment option where they can get a high interest rate at a low risk.

But, can Non-Resident Indians (NRIs) also invest in RBI floating rate bonds?

Here's everything you need to know about eligibility, interest rates, tenure, taxation, and other key features of RBI Floating Rate Savings Bonds.Who can invest in RBI Floating Rate Savings Bonds?An individual, not being a non-resident Indian-(a) in his or her individual capacity, or (b) in individual capacity on a joint basis, or (c) in individual capacity on any one or survivor basis, or (d) on behalf of a minor as father/mother/legal guardian can invest in RBI floating rate bond.