Allahabad High Court: Husband's Liability under the Domestic Violence Act Continues Despite Divorce || Bombay HC: Municipal Council Must Pay for Land Used as DP Road Despite Fund Shortage || Uttarakhand HC: Previous Service Pay Protection Does Not Confer Right to Career Progression Benefits || Supreme Court Revives POCSO Case Against Headmistress, Says Verifying Abuse Claims is No Excuse || SC: Voluminous Documents are No Excuse For Their Delayed Production under Commercial Courts Act || Supreme Court Orders Merged Bank's Eviction For Transferring Tenancy Without Landlord's Consent || SC: Oraon Tribe Custom Doesn't Allow Uncle-In-Law to Adopt Niece's Husband as Ghar Damad || Kerala HC Approves New Public Prosecutor Appointment Guidelines After a Minor Revision || Rajasthan HC Clarifies Criminal Writ Petitions Have No Separate Constitutional Status || Delhi HC Clarifies if Whatsapp Acknowledgment Can Make an Arbitral Award Binding

Rate of interest on Government of India Floating Rate Bond, 2024- (Reserve Bank of India) (06 May 2024)

MANU/RPRL/0311/2024

Banking

The rate of interest on Government of India Floating Rate Bond 2024 (FRB 2024) applicable for the half year May 07, 2024 to November 06, 2024 shall be 7.03 per cent per annum.

It may be recalled that the rate of interest on FRB 2024 is reset at the average rate (rounded off up to two decimal places) of the implicit yields, at the cut-off prices of the last three auctions of Government of India 182-days Treasury Bills, held up to the period preceding the coupon reset date, which is May 07, 2024.

Tags : INTEREST FLOATING RATE BOND

Share :