Steps to Buy the RBI Floating Bond Online

RBI Floating Bonds

RBI introduced the bonds in 2003, & issued to the public in order to raise funds for government projects.

RBI Bond's Interest & Maturity.

The interest rate of RBI bonds is floating. Currently, it is 8.01% & is paid semi-annually. The maturity period is 7 years.


Resident individuals & HUFs can invest in RBI floating bonds. NRIs are not allowed to invest.

How to Invest Online?

Login to the RBI Retail Direct. Online Portal or the bank’s net banking facilities. Choose “RBI retail direct portal.” Select “transact”. Enter ‘Invest in RBI Bonds’ tab.

Documents Required

Filled up Form. KYC documents, including PAN & Aadhar. Cancelled cheque.

Complete Your Investment

Agree to T&C & enter the OTP. Pay the investment amount via cheque/electronically. Click on Continue & submit the form.

Proof of investment

A physical bond holding certificate, and the bonds held electronically in Bond Ledger Account(BLA) with the RBI or agency bank.

Agency / Designated Banks

Designated banks include SBI, BOB, Canara Bank, HDFC, ICICI, PNB, & many more.

Investment Limit

The minimum investment amount is ₹1,000 or multiples of ₹1,000 with no maximum limit.


RBI Floating bonds don't offer premature redemption & are not traded in the secondary market.