The Reserve Bank of India has reviewed and reissued the operational guidelines for Floating Rate Savings Bonds, 2020 (Taxable) (FRSB 2020 (T)). The revised guidelines apply from the date of the circular. Issued under Section 29(2) of the Government Securities Act, 2006, the circular supersedes the previous operational guidelines issued on June 30, 2020 (as updated on June 27, 2022).