Should You Buy Floating Rate Bonds? | The Money Show

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Rate savings bond 2020 were launched on July 1 at 7.15%. The interest rate will be reset or change every 6 months. The interest rate will be 35 bps or 0.35% over the NSC rate. Lock-in period of 7 years with an exception for senior citizens. Taxable as per one's income slab. Not tradeable, transferable to your nominee. What are floating rate savings bond 2020? Who can buy them? Only Indian residents can apply. Catch Uday Dhoot, Co-founder, Venn Wealth on The Money Show with Mubina Kapasi as they discuss whether you should invest in bonds or save your resources and invest elsewhere.

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Uday Dhoot
Uday Dhoot Venn Wealth
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how to invest in floating rate bond