RBI Bond Calculator helps you instantly calculate interest and maturity amount for RBI Floating Rate Savings Bonds by entering investment, tenure and rate, so you can plan safe, government-backed returns.
RBI Bond Calculator
Calculate returns on RBI 7.75% Savings Bonds & Floating Rate Savings Bonds
About RBI Bonds
7.75% Savings (Taxable) Bonds
- Interest Rate: Fixed 7.75% per annum (since Jan 2018)
- Tenure: 7 years (no premature withdrawal for first 4 years)
- Interest Payment: Annual (non-cumulative only)
- Taxation: Interest taxable as per income slab, no TDS
- Eligibility: Resident individuals (single/joint), minors, HUFs
Floating Rate Savings Bonds (FRB)
- Interest Rate: NSC rate + 0.35% (currently 7.10% + 0.35% = 7.45%)
- Rate Reset: Every 6 months based on NSC rate
- Tenure: 7 years (premature withdrawal after 4/5 years with penalty)
- Interest Payment: Quarterly (cumulative option available)
- Taxation: Interest taxable as per income slab, no TDS
Key Features
- Government-backed, sovereign guarantee
- No maximum investment limit
- Transferable after lock-in period
- Nomination facility available
- Not tradable in secondary markets
- Available through designated banks (SBI, nationalized banks)
Comparison with Other Instruments
| Instrument | Current Rate | Tax Status | Tenure |
|---|---|---|---|
| RBI 7.75% Bonds | 7.75% | Taxable | 7 years |
| RBI FRB | 7.45% | Taxable | 7 years |
| Bank FD | 6.5-7.25% | Taxable | 7 days-10 years |
| Post Office TD | 7.0-7.5% | Taxable | 1-5 years |
| Corporate Bonds | 8-9% | Taxable | 3-10 years |
RBI Bond Calculator is an easy-to-use online tool that lets investors estimate the maturity value, periodic interest and overall returns from RBI Floating Rate Savings Bonds by simply entering the investment amount, interest rate and 7-year tenure. It supports the current floating coupon structure (NSC rate + 0.35% spread, currently around 8.05% p.a.) and helps you compare different investment amounts so you can plan stable, government-backed income with confidence.​
The calculator uses standard compound interest formulas to compute the maturity amount and also highlights semi-annual interest payouts where applicable, saving you from manual calculations. Since RBI bonds have a minimum investment of ₹1,000 with no upper limit and a fixed 7-year lock-in (with some early exit options for senior citizens), the calculator is especially useful for visualising long-term wealth creation and aligning bond investments with your financial goals.