The RBI Floating Rate Savings Bonds have a lock-in period of 7 years from the date of issue. During this period, investors cannot redeem or withdraw their investment prematurely, ensuring stability and commitment to the investment. This tenure provides a predictable timeframe for investors to earn returns based on the floating interest rate, which is adjusted every six months. Additionally, there's a special provision for senior citizens allowing for premature redemption, providing flexibility for those who may need liquidity sooner. Overall, this lock-in period aligns with the long-term nature of the investment, offering stability and potential returns over the medium to long term.

Individuals residing in India, including Hindu Undivided Families (HUFs), are eligible to invest in RBI Floating Rate Bonds. This includes individuals in their own capacity, jointly with others, or as guardians applying on behalf of minors. The Bonds are accessible to those seeking a secure investment with a floating interest rate, providing a flexible investment option that adjusts with market conditions. This makes it suitable for investors looking to diversify their portfolios with a low-risk financial instrument issued by the Reserve Bank of India, ensuring stability and periodic interest payouts.

The Floating Rate Savings Bonds issued by the Reserve Bank of India do not have a specific upper limit for investment, making them accessible to a wide range of investors. This flexibility allows individuals and Hindu Undivided Families (HUFs) to invest according to their financial capabilities and investment goals. The absence of a maximum limit ensures that investors can allocate significant amounts into these bonds if they choose to, thereby benefiting from a secure investment avenue with a floating interest rate that adjusts periodically, providing potential returns aligned with prevailing market conditions.