RBI Bonds

Kotak Bank offers RBI - Floating Rate Savings Bond 2020 (Taxable) [RBI - FRSB 2020 (T)].

RBI-FRSB 2020 (T) was introduced by the Government of India on July 1, 2020. The interest rate of the bond is linked to National Savings Certificate (NSC) and will always pay 0.35% higher over the prevailing NSC rate. 

Features of RBI - FRSB 2020 (T)

Interest applicable till December 2023
To apply, visit your nearest Kotak Bank branch