Floating Rate Savings Bond, 2020 (Taxable) – FRSB 2020
Sl.No. |
Salient Features |
Highlights of the Scheme (FRSB-2020) |
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1 | Eligibility | The Bonds may be held by a person resident in India :
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2 | Deposit |
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3 | Duration | 7 years from the date of issuance |
4 | Subscription | Subscription to the bonds will be in the form of cash (upto 20,000/- only) / drafts / cheques or any electronic mode. |
5 | Rate of Interest (Floating) |
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6 | Tax Benefits | Income from the bonds is taxable. Tax will be deducted at source while interest is paid (as per scheme guidelines). |
7 | Nomination | The sole Holder or all the joint holders may nominate one or more person. |
8 | Premature Closure | Available as per scheme guidelines |
9 | Others |
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10 | Contact Us | Government Services Section, Government Services Wing Head Office Annex., New Delhi- 110092, Email – hogovtacs@canarabank.com Contact No. - 011-20825020 |