SC: CIRP Need Not Be Set Aside Solely for Fraudulent Filing of Section 9 Plea || Supreme Court: Compromise Decree Passed Without Impleading Necessary Party is Void || SC: Cheque Dishonour Notice Valid if Sent to Drawer’s Address and Received by Family || J&K&L HC: Minority During Attestation Cannot Justify Decades-Long Delay in Challenging Mutation || Bombay HC: WhatsApp Circulation of Objectionable Photos Can Attract SC/ST Act || J&K&L HC: Cardiac Arrest From Stress of Long-Distance Driving is Compensable || Delhi HC: Accused Cannot Delay Trial and Then Rely on Delay to Seek Bail || Calcutta HC: Insurer Must Compensate Child’s Accidental Death Despite Driver’s Fake Licence || Bombay HC Tells X to Take Down Defamatory Post Targeting Serum Institute, CEO Adar Poonawalla || Delhi High Court Restores Arbitral Award in DMRC’s Favour Passed by Employee-Arbitrator

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 :