Mostly the Savings Bonds come with a lock in period ranging from a minimum of 5 years to a maximum of 30 years and this Savings Bonds Redemption period is very long. Many investors divert from investing in bonds mostly due to this long Savings Bonds Redemption period. The maturity amount received after the redemption period along with the interest depends on the initial investment made. Usually, when an investor invests money in the bonds, a bond certificate is issued to them stating the Savings Bonds Redemption period and the maturity amount that will be received after the maturity period of the bond. The bonds have the facility to be owned as single person or a dual power or can be made as a gift in the name of their child. The greatest draw back in these bonds is that the principal amount cannot be withdrawn during emergency times and are highly non liquid and the amount can be redeemed only after the Savings Bonds Redemption period is completed. Also the holder of the bond cannot get any loans pledging these bond certificates as collateral for the loans. The governments to minimize these draw backs have allowed the investors to withdraw their amount before the Savings Bonds Redemption period with a penalty of 3 months interest and this also can be done only after a certain lock in period. An incident occurred recently and one of my friends has invested his entire provident fund in a 20 year bond and suddenly he was hospitalized and when the family members approached the bank with the bond certificate, the bank personnel had informed that the amount cannot be withdrawn before the Savings Bonds Redemption period and my friend was unable to get his own amount for his emergency and was forced to borrow money from neighbors, friends and relatives and was hugely embarrassed and felt very bad in investing in the bonds where the Savings Bonds Redemption period is a major obstacle and there is no sort of flexibility in the Savings Bonds investment. There must be some sort of flexibility introduced in the Savings Bonds Redemption period and the bonds must be made useful in cases of emergency and this will a bad experience as the money owned by the investor is not helping the investor when the investor is in emergency situations and in need of urgent money for various purposes.