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Reserve Bank of India Date : Nov 04, 2022 RBI announces rate of interest on Government of India Floating Rate Bond 2024 The rate of interest on the Floating Rate Bond 2024 (FRB 2024) applicable for the half year November 07, 2022 to May 06, 2023 shall be 6.75 per cent per annum. It may b
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FAQ :
The interest rate for the Floating Rate Bond 2024 for the half year November 7, 2022, to May 6, 2023, is 6.75 per cent per annum.
The current rate is applicable for the half year from November 7, 2022, to May 6, 2023.
The interest rate is reset at the average rate of the implicit yields of the last three auctions of Government of India 182-days Treasury Bills, rounded to two decimal places.
Implicit yields are computed by reckoning 365 days in a year.
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Notification No : PR : 2022-2023/1151Published in Community & General
Source : https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=54649