On January 01, 2026, the Reserve Bank of India released information regarding the rate of interest on Floating Rate Savings Bonds, 2020 (Taxable) – FRSB 2020(T) for the period January 01, 2026 – June 30, 2026. As per the Government of India Notification F.No.4(10)-B(W&M)/2020 dated June 26, 2020, the coupon/interest rate will be reset half yearly, starting with January 01, 2021, at a spread of (+) 35 bps over the prevailing National Savings Certificate (NSC) rate. The coupon rate on FRSB 2020 (T) for the period January 01, 2026 to June 30, 2026, payable on July 1, 2026, remains at 8.05% (7.70%+0.35%), unchanged from the previous half-year. The contact for communications is Ajit Prasad, Deputy General Manager. The department of communication can be contacted at the central office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 and by phone at 022 - 2266 0502. The press release number is 2025-2026/1823. The website is www.rbi.org.in and the email address is helpdoc@rbi.org.in.
Key Entities Referenced
Floating Rate Savings Bond, 2020 (Taxable) – FRSB 2020(T): Floating Rate Savings Bond, 2020 (Taxable) scheme, which is the subject of this press release.
Government of India Notification F.No.4(10)-B(W&M)/2020 dated June 26, 2020: The notification that defines the terms of the Floating Rate Savings Bonds, 2020 (Taxable).
Reserve Bank of India: The issuing authority of the press release regarding interest rates on Floating Rate Savings Bonds.
Mumbai: Location of the Reserve Bank of India's Department of Communication.
National Savings Certificate (NSC): Benchmark rate to which FRSB 2020(T) interest rates are pegged.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
January 01, 2026
Rate of Interest on Floating Rate Savings Bond, 2020 (Taxable) – FRSB 2020(T)
for the Period January 01, 2026 – June 30, 2026
In terms of Para 13 (ii) of Government of India Notification F.No.4(10)-
B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, 2020 (Taxable)-
FRSB 2020 (T), the coupon/interest rate of the bond would be reset half yearly, starting
with January 01, 2021 and the coupon/interest rate will be set at a spread of (+) 35
bps over the prevailing National Savings Certificate (NSC) rate.
2. Accordingly, the coupon rate on FRSB 2020 (T) for the period January 01, 2026, to
June 30, 2026 and payable on July 1, 2026 remains at 8.05% (7.70%+0.35%),
unchanged from the previous half-year.
Ajit Prasad
Press Release: 2025-2026/1823 Deputy General Manager
(Communications)