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Kotak Bank offers RBI - Floating Rate Savings Bond 2020 (Taxable) [RBI - FRSB 2020 (T)].

RBI-FRSB 2020 (T) was introduced by the Government of India on July 1, 2020. The interest rate of the bond is linked to National Savings Certificate (NSC) rate as on 1st Jan and 1st July with a spread of (+) 35 bps over the respective NSC rate.


Features of RBI - FRSB 2020 (T)