J&K&L High Court: Transfer Guidelines are Not Binding and Cannot Limit an Employer’s Transfer Powers || Calcutta High Court: Procedural Delays Cannot Deny a Person’s Right to Adopt || J&K&L HC: Pardoned Approver under Section 343 BNSS Need Not Stay in Custody Till Trial Ends || J&K&L HC: Accused Cannot Demand Charges under a Preferred Law When Acts Fall under Multiple Statutes || J&K&L HC: Accused Cannot Demand Charges under a Preferred Law When Acts Fall under Multiple Statutes || Allahabad HC: Civil Imprisonment For Default Does Not Absolve a Husband’s Duty to Pay Maintenance || Supreme Court: SC Status Applies Only to Hindus, Sikhs, and Buddhists, and is Lost on Conversion || Supreme Court: Post-Moratorium, Creditors Cannot Adjust Pre-CIRP Dues From Prior Deposits || Supreme Court: CoC’s Commercial Wisdom Does Not Shield All its Decisions From Judicial Scrutiny || SC Flags Systemic Bias in Granting Permanent Commission to Women Officers in Armed Forces

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 :