Retail investors also have the option to invest in Floating Rate Savings Bonds offered by RBI which are a simple way to hold government bonds for individual retail investors instead of FIIs/DIIs or HNIs. These are floating rate bonds offered by RBI. These are successors to the 7.75% Savings (Taxable) Bonds, 2018 which were fixed rate bonds issued by RBI with both cumulative as well as non cumulative options. The FRSB is however, only available in the non cumalative option and investment starts at ₹1,000 and in multiples of ₹1,000, thereof without a maximum investment limit. The interest is fully taxable at slab limits and the interest rates are set to revision by RBI every six months. The main thing to note is that unlike most other bonds these can not be traded on the secondary markets, nor can they be used as collateral for loans.