Floating Rate Savings Bonds: Invest Smartly for the Future

• in her or his individual capacity.
• in individual capacity on joint basis.
• in individual capacity on any one or survivor basis.
• on behalf of a minor as father / mother / legal guardian.
• Hindu Undivided Family.

• Minimum Deposit- Rs.1000/- and in multiples of rs.1000/-.
• Maximum Deposit- No Limit.

• Option - The interest on the bonds will be payable at half yearly intervals on Jan 1st and July 1st every year. There is no option to pay interest on cumulative basis.
• Rate - The coupon rate on FRSB 2020 (T) for the period January 01, 2025 to June 30, 2025 and payable on July 1, 2025 remains at 8.05% (7.70%+0.35%), unchanged from the previous half-year.
• Base Rate - The coupon rate will be linked / pegged with prevailing National Saving Certificate (NSC) rate with a spread of (+) 35 bps over the respective NSC rate.

• The bonds are not transferable. Transferability is limited to nominee(s)/legal heir in case of death of holder.
• The bonds are not tradable in the secondary market and also not eligible as collateral for availing loans.

Government Services Section,
Resources Wing
Head Office Annex., New Delhi- 110092,
Email – hogovtacs@canarabank.com
Contact No. - 1800 1030

Download: (frsb_FORMS.pdf)