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The GOI Bonds, also known as the RBI Floating Rate Savings Bonds 2020 (Taxable), now provide a taxable interest rate of 7.35% over seven-year duration. Because the interest rate on these bonds is based on the NSC rate, they are known as floating-rate bonds. These variable rate bonds will continue to earn a higher ROI of 0.35% than the current NSC rate in compliance with the scheme criteria that were published on June 26, 2020.