Organisation : Government of South Africa
Facility Name : RSA Retail Savings Bonds
Applicable For : All individuals who are citizens or permanent residents of the Republic of South Africa
Country : South Africa
Website : https://secure.rsaretailbonds.gov.za/about.aspx
What is an RSA Retail Savings Bond?
RSA Retail Savings Bonds are investments with the Government of South Africa which earns a variable, fixed or inflation linked interest for the term of the investment. RSA Retail Savings Bonds have been designed to be as accessible as possible for the general public to invest their money, while earning secured and market related returns on their investments.
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There are three different types of RSA Retail Savings Bonds on offer:
** Fixed Rate RSA Retail Savings Bond
** Inflation Linked RSA Retail Savings Bond
** RSA Retail Savings Top-up Bond
Who Can Apply For RSA Retail Savings Bond?
All individuals who are citizens or permanent residents of the Republic of South Africa and in possession of a valid South African identity number, and who have a bank account with any financial institutions in the Republic, are eligible to purchase RSA Retail Savings Bonds. Persons under the age of 18 must receive parental consent in writing before investing in RSA Retail Savings Bonds, unless such persons are married or have been granted majority status in accordance with the provisions of the Age of Majority Act, 1972 (Act No. 57 of 1972).
How To Register For RSA Retail Savings Bond?
Register (provide your personal details):
Where?
** Any branch of the South African Post Office
** RSA Retail Savings Bond website – www.rsaretailbonds.gov.za If you are under the age of 18 and not married or have not been granted majority status in terms of the Age of Majority Act, you may not apply electronically. The authority of your parents or guardians is required in writing.
** Directly at the National Treasury – 240 Madiba street, Cnr Thabo Sehume and Madiba streets, Pretoria, 0002.
** Telephonically – (012) 315 5888 Once you are registered, you will receive a unique reference number that will be used as a reference when payments are made/ transferred into the RSA Retail Savings Bond bank account.
Online:
To register for RSA Retail Savings Bond online, Follow the below steps
Steps:
Step-1 : Go to the link https://secure.rsaretailbonds.gov.za/register.aspx
Step-2 : Fill the “Online Registration Form” and
Step-3 : Click On “Register” Button
Apply (select bond and maturity)
** Any branch of the South African Post Office
** RSA Retail Savings Bond website – www.rsaretailbonds.gov.za
** Directly at the National Treasury – 240 Madiba street, Cnr Thabo Sehume and Madiba streets, Pretoria, 0002
** Telephonically – (012) 315 5888 Once you are registered, you will receive a unique reference number that will be used as a reference when payments are made/ transferred into the RSA Retail Savings Bond bank account.
Pay
How?
** Any branch of the South African Post Office
** Internet Banking
** Direct deposit at the bank
FAQ On RSA Retail Savings Bond
Frequently Asked Questions FAQ On RSA Retail Savings Bond
Is it possible to purchase these bonds as a group or scheme?
No, these investments are specifically meant for individuals and cannot be bought by group schemes, social clubs, companies or any other juristic persons; only natural persons can purchase them.
Can I add or top up my existing investment?
RSA Retail Savings Bonds are lump-sum-type investments; you will not be able to add-on/top-up to an existing investment. Each time you invest, it will be a separate investment, though all recognised by one investor number.
Is it possible to have a debit order go through my account for a certain amount to invest each month?
No, you need to apply each time you invest in the RSA Retail Savings Bonds for reconciliation purposes. If you don’t apply we will have money in our account and no application with which to match it.
Can I make payment by a cheque at the Post Office or the bank?
The use of cheques has been discontinued from 31 December 2020, therefore you cannot make any payment by cheque.
Do the bonds have an expiry date?
No, the RSA Retail Savings Bonds have been on issue since May 2004 and have no expiry date. However, the National Treasury can, at its absolute discretion, choose to withdraw/discontinue the issue of RSA Retail Savings Bonds. The investments that are still active at the time of such an event will remain active until their individual maturities elapse.
Who can opt to receive their interest monthly on the Fixed Rate RSA Retail Savings Bonds?
When you invest in the Fixed Rate RSA Retail Savings Bonds, any person has the option to have the interest paid out on a monthly basis.
Does the monthly interest pay out one month from investment date?
If you invested in one month, your first interest payment (including accrued interest) will be paid on the last day of the following month and thereafter on the last day of each month.
Can I have part of the interest paid out monthly and have part of it capitalised?
No, you can only choose one interest option per investment. You can however choose different interest options for different investments.
Why can’t I negotiate my interest when I invest a large amount of money?
As these investments are for the general public, and specifically for individuals, they are offered as a savings incentive, and no distinction, prejudice, or bias against any level of income is made or implied by the government. Therefore, no matter how little or how much you invest, all will earn the same rate of interest.
Contact
Please note that the operation hours for the helpline are Monday to Friday between 09h00am and 15h00pm. The walk-in centre will be open on Monday and Wednesday between 10h00 and 14h00. We encourage clients to register and apply online for faster turnaround times. Any requests or queries may be sent via email to queries@rsaretailbonds.gov.za or fax to 0123155675