RBI Floating Rate Bond calculator
8.05% a year · Backed by the Government of India · Interest taxed at your slab rate
Interest you receiveInterest you receive
₹4,025 every 6 months
₹2,769 after tax. Your ₹1,00,000 comes back after 7 years.₹2,769 after tax. By year 7, each payment buys what ₹1,899 buys today.- You put in
- ₹1.00 L
- Interest in all
- ₹56,350
- Tax
- ₹17,581
5.62% a yearafter tax
Your deposit and the interest paid out so farYour deposit and the interest paid out so far, in today's moneyYour moneyEarned
How the RBI Floating Rate Bond rate has changed
RBI Floating Rate Bond pays 8.05% today, unchanged since July 2023. Since it began in July 2020, it has ranged from 7.15% (2020–2022) to 8.05% (2023–2026).
- The rate is reset every 6 months to the NSC rate plus 0.35%, for bonds you already hold too. The calculator assumes 8.05% for every year; the chart shows how much that has moved.
See every rate change (3)
| Period | Rate a year |
|---|---|
| Jul 2023 – now | 8.05% |
| Jan 2023 – Jun 2023 | 7.35% |
| Jul 2020 – Dec 2022 | 7.15% |
Source: RBI, set at the NSC rate plus 0.35%.
Good to know
- Interest is paid every 6 months, on 1 January and 1 July, and taxed at your slab rate. The bank deducts TDS from it.
- The rate is reset every 6 months to the NSC rate plus 0.35%. This calculator assumes today's 8.05% for all 7 years.
- Your money is locked for 7 years. People aged 60–70, 70–80 and 80+ can exit after 6, 5 and 4 years, giving up half of the last 6 months' interest.
- There's no cumulative option, and the bond can't be sold to anyone else.