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Are HDFC GOI RBI floating rate savings bonds 2020 taxable?

HDFC GOI RBI Floating Rate Savings Bonds 2020 (Taxable) are issued by the Reserve Bank of India (RBI) on behalf of the Government of India. These bonds carry a sovereign guarantee, which means that the repayment of the principal amount and the interest is fully backed by the Indian government.

Similarly, National Savings Certificates (NSC) are also backed by the Indian government and enjoy a sovereign guarantee.

Investing in these bonds provides a high level of security for your investment as the government ensures the repayment. However, it is important to note that while your investment may be protected, the interest earned on these bonds may be subject to taxation. The taxability of the interest income will depend on the prevailing tax laws and regulations at the time of investment. 

Click here for more details about HDFC GOI RBI Floating Rate Savings Bond 2020

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14/12/2023 No Comments