All CIBs have the same interest rate

The CIBs are issued by the Reserve Bank of India (RBI). All the CIBs offer the same interest rate that differs from Consumer Price Index (CPI) inflation.

You can get lower returns than other bonds

Since the returns from CIB match the current inflation rate, you can get lower interest than other debt investments.

Choose the tenure of your deposit 

Make sure you are not putting all your money in longer-term investments like CIBs. Keep some amount of money in shorter-term deposits as well.

• Short-term – six to twelve months
• Medium-term – More than a year to five years
• Long-term – More than five years to ten years

Not for emergencies 

Keep some amount of your savings in your savings bank account for emergencies. Don’t put all your savings into investments.

Premature withdrawal

Make sure you do not withdraw your bond investment before its maturity. Premature withdrawal might sometimes not be allowed or have a penalty.

Submit nomination details

Make sure you enter the correct nomination details while filling out the CIB application form. Filling nomination details ensures that your invested money goes to the right person in case of death.

Visit your bank branch

Ask for the application form for CIB

Remember, you can invest in CIB only when they are announced and open for subscription

Fill out the application and nomination form

Verify your documents with their originals

Submit the form with the investment amount

Collect the receipt and CIB certificate

Keep the CIB certificate safe till maturity