What are the Benefits of Investing in the RBI Senior Citizens Bond?
The RBI Senior Citizens Bond is a fixed-income investment product offered by the Reserve Bank of India (RBI). It is specifically designed for individuals aged 60 years and above. The bond pays interest at a rate of 7.75% per annum, which is payable semi-annually. The bond has a tenure of 5 years, and can be redeemed at any time after 1 year from the date of issue.
