RBI is going to bring new five-year bond, subscription will start from April 6

If you are an investor then there may be a good investment option coming for you. The Reserve Bank of India (RBI) is going to auction a new five-year government bond on 6 April. Its main purpose is to collect funds. So, if planning for a safe investment then investing in this bond can be a good option.

Bond maturity will be 5 years

The bonds issued by RBI are going to mature in 2028, through which RBI wants to raise Rs 8,000 crore. In addition, bonds maturing in 2033 and 2052 are also to be floated at a later date and by auctioning all the three bonds, the RBI intends to raise a total of Rs 33,000 crore. In addition, the Government of India will also have the option to retain additional subscription up to Rs 2,000 crore for each security.