Are RBI floating rate bonds the best option as FD rates plummet?

Investors are showing increased interest in the Reserve Bank of India’s floating rate savings bonds. These bonds offer annual yields up to 8.05% for a seven-year term. Fixed deposit rates are declining, making these bonds attractive. The bonds provide a 35-basis-point markup over the National Savings Certificate. While safe, they lack liquidity and cannot be prematurely withdrawn.

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