https://www.taxtmi.com/news?id=22911 Floating Rate Savings Bonds, 2020 (Taxable) are RBI issued government bonds held in Bond Ledger Accounts available to resident individuals and HUFs, issued at par with a minimum subscription, no overall investment ceiling, and accepted via prescribed receiving offices. They bear a floating interest rate reset semiannually with coupon payments twice a year and no cumulative option. Bonds have a fixed repayment tenor, are non transferable and non tradable except for succession on death, permit limited premature redemption for certain senior citizens, and attract taxable interest under the Income tax Act. en-us Sat, 27 Jun 2020 09:31:33 +0530 Sat, 27 Jun 2020 09:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22911 Floating Rate Savings Bonds, 2020 (Taxable) are RBI issued government bonds held in Bond Ledger Accounts available to resident individuals and HUFs, issued at par with a minimum subscription, no overall investment ceiling, and accepted via prescribed receiving offices. They bear a floating interest rate reset semiannually with coupon payments twice a year and no cumulative option. Bonds have a fixed repayment tenor, are non transferable and non tradable except for succession on death, permit limited premature redemption for certain senior citizens, and attract taxable interest under the Income tax Act. News - Sat, 27 Jun 2020 09:31:33 +0530 https://www.taxtmi.com/news?id=22911