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6.20% Government Security 2029

Government of India — via RBI Retail Direct · Government Bonds & Fixed-Income

A dated government bond paying a fixed 6.20% coupon twice a year and repaying the face value in 2029.

6.8845% Market yield · Moves continuously with the market

As of 15 Oct 2026. Rates change — check the source before acting.

Source: Reserve Bank of India — current rates · confirmed via RBI homepage, read 17 October 2026

Source RBI Retail Direct — government securities

rbiretaildirect.org.in

RBI Retail Direct is where retail investors hold these securities. Look for "6.20% GS 2029" in the list of government securities, then check its current price and yield.

How it works

6.20% Government Security 2029 is a bonds & fixed income product from Government of India — via RBI Retail Direct, in the guaranteed category: fixed by contract. A dated government bond paying a fixed 6.20% coupon twice a year and repaying the face value in 2029.

Because the return type is guaranteed, the questions that matter most are: Is the rate fixed for the whole tenure, or revised during it? Who is actually promising to pay, and what happens if they don't?

  • A known half-yearly income with sovereign credit risk
  • Locking a yield if you intend to hold to maturity

Key facts

Provider
Government of India — via RBI Retail Direct
Source
RBI Retail Direct — government securities ↗ https://rbiretaildirect.org.in
Rate
6.8845% Market yield, as of 15 Oct 2026
Category
Government Bonds & Fixed-Income
Minimum investment
₹10,000 minimum amount in the retail direct scheme
Tenure
Matures in 2029
Payout
Half-yearly interest
Eligibility
Resident individuals with a demat account and an RBI Retail Direct account.
Getting your money back
Tradable, but the price moves with interest rates. Selling before maturity may return more or less than you paid.
Protection
Sovereign — the Government of India is the borrower.
Tax
Interest is taxable as income from other sources. Gains or losses on an early sale are capital gains, taxed by holding period.

What can go wrong

  • The market price falls when yields rise, so selling early can lose money even though the coupon is fixed.
  • The 6.20% coupon is below the current market yield, which is why the bond trades at a discount.
  • Availability depends on what is on offer at the time.

Before you decide anything

  • The price you pay and the yield that implies, not just the coupon
  • Whether you can hold to maturity, which is when the fixed return applies

These are questions to take to the provider, not a checklist that makes a product suitable. Whether something fits your situation is a decision only you — or an adviser you choose — can make.

Official sources

These link to the regulator or provider where the rules for this type of product are set out. They are the pages worth checking before you act, because they are the ones that get updated.

Other products in this category

The same rules and the same kind of trade-offs, described the same way.