What is floating interest rate
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What is floating interest rate
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Did you know that banks offer a floating rate of interest that is generally lesser than a fixed rate? Here’s all you need to know! | Clear from ClearTax
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7.2K views · 75 reactions | RBI Floating Rate Savings Bonds offer a government-backed way to invest, with interest linked to the NSC rate plus 0.35%. The current rate stands at 8.05%, paid out every six months and reset twice a year. The bonds come with a 7-year tenure, and senior citizens can opt for premature withdrawal after a lock-in period. #RBI #bondinvesting #bonds #Investmentstrategy #investingforbeginners | Groww | Facebook
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