Bumper profit will be made in RBI bond, thick profits will be with strong interest rate

RBI Bond Investment: To groom and keep our upcoming tomorrow safe, we all need a safe investment option, which gives fixed returns after a fixed time. By the way, there are many mutual funds and government schemes in the market, but today the investment option we are going to tell you about is considered to be the best. The first reason for this is that the interest rate is high in it and there is no risk of risk.

Here we are talking about the RBI bond to be issued by the Reserve Bank of India. This is a great way to deposit more funds in long term. Bank FD, Post Office Scheme, PPF are also considered to be great because the RBI bond is giving the most rough profit in all the other schemes of fixed income and when the Reserve Bank itself is issuing it, there is no need to think about safety or security. In this, returns are received at a fixed rate on the deposit amount. The RBI bond launched in 2003 is also known as the Government of India Savings (Taxal) Bond or Floating Rate Saving Bond.

Why is RBI bond best?

RBI bonds are considered to be the best as investment methods because while PPF or bank FDs get interest 7-7.25 percent institute, RBI bonds get 8.05 % interest. There is a rule to review interest rate twice a year. Currently, only 8.05 percent is the interest rate. Another major feature of this is that it is less affected by the fluctuations of the market. Due to the release of the government, it is considered the safest investment.

However, the lock in period in RBI bond is 7 years old. If you redeem the RBI bond before this, then you may have to pay a fine. Investing 5 lakhs in RBI bond for 7 years, the maturity amount will increase to more than 8.5 lakhs (8,59,693) according to 8.05 percent interest. That is, there will be a profit of more than 3 lakhs only as interest. Another special thing of this is that the interest rate is paid twice a year on 1 January and 1 July.

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