Guaranteed Rates: Even though the interest rate is floating, there is a guaranteed rate at constant intervals throughout the term of the bond so that income gets generated steadily. Tax Benefits: Even though interest income is taxed, FRSB bonds provide the benefit of indexation if held for more than 3 years. In this way, tax liabilities decrease for long-term investors. https://topcollegesadmission.in/college-list/mbapgdm/pune