BEST FOR

Risk-free regular income seekers

  • Govt. of India backed

  • Floating interest rate

  • Half-yearly payouts

  • Zero credit risk

  • No investment cap

Important Things to Know

  • Eligibility

    Resident Indian Individual citizen, HUFs allowed

  • Minimum Investment

    Starts from ₹1,000 only

  • Lock-in Period

    7 years standard tenure

  • Premature Exit

    Allowed for 60+ age group

  • Interest Rate Reset

    Every six months, NSC-linked

About Savings Bonds

Who Can Invest?

Indian resident citizens and Hindu Undivided Families (HUFs) are eligible to invest. Accounts can be held singly or jointly. Non Resident Indians (NRI) and citizens other than Indian are not allowed to invest in this scheme.

Application Process

Visit your nearest ICICI Bank branch and submit application with PAN ID, Proof of address, and bank details to complete the process. download the form online. Submit it with PAN, ID, proof of address, and bank details to complete the process. Or Login to Retail Internet banking, select investment & apply for FRSB-2020 (T) bond. Click here to apply.

 

Interest and Returns

The interest rate is reset every six months and is currently 8.05% per annum (as of January–June 2024), payable half-yearly on a risk-free investment.

 Investment and Tenure

Minimum investment starts at ₹1,000 with no upper limit. The bond has a lock-in period of 7 years. Premature withdrawal is allowed for senior citizens.

How do I apply for Floating Rate Savings Bonds?

You can apply by visiting the nearest ICICI Bank branch and submit application with PAN ID, Proof of address, and bank details to complete the process. download the form online. Submit it with PAN, ID, proof of address, and bank details to complete the process. Or Login to Retail Internet banking, select investment & apply for FRSB-2020 (T) bond. Click here to apply.

FAQs

What is the current interest rate on Floating Rate Savings Bonds?

The current interest rate is 8.05% per annum (as of 30 June, 2026), payable every six months. The rate is revised every six months. 

Who is eligible to invest in FRSBs?

Indian residents and Hindu Undivided Families (HUFs) can invest in FRSBs. Accounts may be held individually or jointly.

Is there any limit on investment amount?

There is no upper limit. The minimum investment is ₹1,000, and further investments must be in multiples of ₹1,000.

Can I withdraw my investment before 7 years?

Premature withdrawal is permitted only for investors aged 60 and above, with varying minimum holding periods based on age bracket (4–6 years).

Disclaimer

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