The Reserve Bank of India (RBI) Floating Rate Savings Bonds will maintain an 8.05% interest rate until June 2026, tied to the National Savings Certificate rate. Interest payments are scheduled semi-annually on January 1 and July 1. This interest income is subject to taxation, with Tax Deducted at Source (TDS) applicable if the annual interest surpasses Rs 10,000. Premature redemption is permitted under specific circumstances, though a penalty may apply.