Current Affairs · Government Savings Instruments
Floating Rate Savings Bonds (FRSBs) offer market-linked returns while maintaining capital safety. Which combination of features correctly describes these bonds?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 110-year tenure, G-sec linked coupon, annual interest reset, PAN not required for senior citizens
- 27-year tenure, fixed coupon with inflation indexation, online purchase optional
- 35-year tenure, repo-linked coupon, quarterly interest reset, PAN optional
- 47-year tenure, NSC rate plus 35 bps, semi-annual interest reset, PAN mandatory✓
Correct answer
7-year tenure, NSC rate plus 35 bps, semi-annual interest reset, PAN mandatory
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