Liquidity: FRSBs are non-transferable, and there is no secondary market for the bonds. This means that the bond cannot be sold before maturity. Redemption is not allowed at an early stage, thus this is a long-term investment product. Interest Payment Options: There is half-yearly (every 6 months) or annual payment of interest on the bonds. It depends on the earnings requirement of... https://finxl.in/financial-modelling-course-certification.html