Government of India 7.15% Floating Rate Savings Bonds : A better alternative to FDs ! - 100% risk free investment option
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Why Floating Rate Savings Bonds is a better alternative to FDs ?
Floating Rate Savings Bonds are a good investment avenue for investors who are looking for fixed return products. These bonds are completely risk free in nature and provide an attractive interest rate of 7.15% compared to a FD i.e. 5.4% (as per SBI website). As, the tax treatment for both the products are same, it implies the post-tax return generated by these bonds will be much higher than a FD.
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