Floating Rate Savings Bonds 2020 (Taxable) — Bank of Baroda service route
A seven-year Government of India taxable floating-rate bond serviced through authorized receiving offices, with a semiannual coupon reset at the prevailing NSC rate plus 35 basis points.
Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.
Recorded source review date, not a claim that the product changed that day.
Target recheck: December 9, 2026.
Government-set economics, contribution rules, liquidity and eligibility must be read together.
The servicing bank does not set the scheme economics; current government/RBI rules and the exact service route remain controlling.
Government savings scheme evidence stays in its own structure.
Specialist fields below remain source-scoped. Missing values stay missing; one banking product type is never used to manufacture facts for another.
Where this one Government scheme can actually be opened or serviced.
The scheme economics remain Government-set. These rows verify bank/channel access only and never create duplicate bank versions of the scheme.
| Servicer / status | Opening route | Digital / transfer notes |
|---|---|---|
| Bank of BarodaAuthorized branches · verified | Bank of Baroda states 93 branches are authorized for FRSB subscription; another branch may route the application to an authorized branch. | Bond Ledger Account servicing is through the receiving-office framework. The bond is non-transferable except to nominee/legal heir on death under the scheme. Source ↗ |
| ICICI BankRetail Internet Banking + branch · verified | ICICI allows FRSB application through Retail Internet Banking or an ICICI Bank branch. | Opening/servicing requests are stated to be processed within five working days. The bond remains non-tradable/non-transferable under the RBI/Government framework except prescribed succession. Source ↗ |
| Punjab National BankAll branches; physical application · verified | PNB states all branches are authorized to accept FRSB 2020 applications and describes the application as physical mode. | Bonds are issued electronically in a Bond Ledger Account by the receiving office. FRSB transferability remains restricted by scheme rules. Source ↗ |
FRSB resets every six months — it is not a quarterly small-savings rate.
The coupon is derived from the prevailing NSC rate plus 35 basis points. Derived rows are labeled as such rather than presented as independent bank pricing.
Formula-derived from prevailing NSC 7.70% + 35 bps under the RBI FRSB reset rule.
Evidence ↗Formula-derived from prevailing NSC 7.70% + 35 bps; small-savings rates remained unchanged through Q4 FY2025-26 and Q1 FY2026-27.
Evidence ↗Bank of Baroda explicitly records 8.05% for the July–December 2025 coupon period.
Evidence ↗Fees, balances, benefits, limits and eligibility without a single-score shortcut.
These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.
Who this record appears designed for—and what can break the fit.
Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.
Resident investors seeking government-credit exposure and semiannual income who can accept taxable interest, a floating coupon and very limited early redemption.
- 8.05% is a formula-derived current half-year coupon from NSC 7.70% + 0.35%; the coupon can change at the next half-year reset.
- Interest is taxable and TDS can apply under current rules; this is not a tax-free government bond.
- The bond is illiquid for investors below the eligible senior-age premature-redemption route and cannot be pledged for a loan.
- Do not compare the floating coupon directly with a fixed-at-opening SCSS/KVP rate without considering reset risk and cash-flow timing.
Compare this product only where the pair is deliberately maintained.
Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.
Complete evidence set for this maintained profile.
Each source remains independent. A product page, tariff, KFS/MITC, rate schedule or programme document is not silently treated as interchangeable evidence.
When the bank changes a term after the recorded review, the current agreement, tariff, KFS/MITC or effective rate table controls.
This page organizes dated public evidence; it does not guarantee eligibility, availability, approval, service quality or future pricing.