A) Premature withdrawal, or encashment, of the HDFC GOI RBI Floating Rate Savings Bond 2020 (Taxable) is possible for individual investors who are 60 years and older. However, there is a minimum lock-in period based on the age of the investor:
a. Investors aged 60 to 70 years have a lock-in period of 6 years from the date of issue.
b. Investors aged 70 to 80 years have a lock-in period of 5 years from the date of issue.
c. Investors aged 80 and over have a lock-in period of 4 years from the date of issue.
B) In the case of joint holders or multiple holders, the lock-in period applies even if only one of the holders meets the age eligibility criteria.
C) After the minimum lock-in period, eligible investors can surrender the HDFC GOI RBI bonds at any time after the 12th, 10th, and 8th half years corresponding to the respective lock-in periods. However, the redemption payment will be made on the following interest payment due date. The effective dates for premature encashment are July 1st and January 1st each year.
Please note that there are penalty charges for premature withdrawal, which are typically 50% of the last coupon or interest payment. It is important to consider these factors before deciding to prematurely encash the HDFC GOI RBI Floating Rate Savings Bond 2020 (Taxable).

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