Investors exploring government-backed fixed-income opportunities may consider RBI Floating Rate Savings Bonds 2020 (Taxable). These bonds offer semi-annual interest payments and a floating coupon linked to the National Savings Certificate rate. Before applying, it is important to understand how to invest in RBI Floating Rate Bonds, who is eligible, which documents are required and what investment conditions apply. What Are RBI Floating Rate Bonds? RBI Floating Rate Savings Bonds are issued by the Government of India through the Reserve Bank of India. Their interest rate is linked to the NSC rate plus an additional 0.35%. For the period from 1 July 2026 to 31 December 2026, the interest rate is 8.05% per annum. The coupon is revised every six months, so the rate applicable to future periods may change. Who Can Invest in RBI Floating Rate Bonds? The scheme is available to eligible investors under its prescribed conditions, including: Resident individuals aged 18 years and above. Individuals investing jointly, subject to scheme rules. Parents or legal guardians investing on behalf of eligible minors. Hindu Undivided Families (HUFs). Investors should confirm their eligibility and documentation requirements before submitting an application. Minimum Investment and Tenure One of the features of RBI Floating Rate Bonds is the relatively accessible minimum investment amount. Investment detail Scheme feature Minimum investment ₹1,000 Investment multiples ₹1,000 Maximum investment No upper limit Maturity period Seven years Interest payment Semi-annually Interest reset Every six months These details make the bonds an option worth comparing for investors evaluating long-term fixed-income investments. Documents Required for RBI Floating Rate Bond Investment The documents may vary depending on the investor category. Commonly required documents include: Duly completed application form. Self-attested PAN card copy. Self-attested address proof. Cancelled cheque of the bank account registered for interest and maturity payments. HUF and minor applications may require additional documents, such as HUF details, coparcener information or the minor's birth certificate. Investors should confirm the latest document checklist before applying. How to Invest Through RR Finance Investors can explore the application process through RR Finance. The general process includes: Step 1: Understand the Scheme Review the interest rate, seven-year tenure, payment schedule, eligibility and taxation. Step 2: Download the Application Form Obtain the relevant application form and complete the required investor details. Step 3: Arrange the Payment Follow the payment instructions provided for the RBI Floating Rate Savings Bonds application. Step 4: Submit the Application Submit the completed application and supporting documents through the applicable authorised process. RR Finance's product page provides contact details for assistance. Step 5: Keep Your Records Retain the application acknowledgement and relevant investment records for future reference. Important Things to Know Before Investing The interest earned on RBI Floating Rate Savings Bonds is taxable according to the investor's applicable income tax slab. TDS is deducted as per applicable tax regulations. The bonds have a seven-year maturity period and are not tradable or transferable. Premature redemption is restricted to eligible senior citizens after specified lock-in periods and is subject to a penalty. Explore RBI Floating Rate Bonds with RR Finance If you are researching how to invest in RBI bonds, their current interest rate or the required application documents, explore the details on the RR Finance RBI Floating Rate Bonds page. Final Thoughts Understanding the application process, eligibility criteria and investment conditions can help investors make informed decisions. Review the latest scheme guidelines and assess whether the investment tenure and taxation suit your financial requirements. Disclaimer: This article is for informational purposes only and is not investment advice. Scheme rules and interest rates may change in accordance with official notifications.