Story thread · 4 reports / 2 sources

RBI Floating Rate Savings Bonds: Can NRIs invest in 8.05% government-backed bonds?

businesstoday.in · 2dShare

RBI Floating Rate Savings Bonds currently offer an 8.05% interest rate and are backed by the Government of India, making them a low-risk fixed-income option. However, NRIs cannot make fresh investments in these bonds, though existing investors who later become NRIs can continue holding them subject to FEMA rules.

First report: Can NRIs and OCIs invest in NPS? — economictimes.indiatimes.com, 5d