SC: Pre-2015 NH Act Awards Must Follow 1894 Act for Solatium and Interest || SC: Service Rendered Before Regularization Must Be Counted for Pension Benefits || SC: Rajpal Yadav gets Relief from Surrender in Cheque Bounce Case Subject to Rs. 5 Crore Deposit || Gauhati High Court: Local NGOs Cannot Lock Homes Over Alleged Liquor Law Violations || Madras High Court: Environmental, PCB Clearances Not Needed for Medical Essentiality Certificate || Tripura HC: Police Report Not Contemplated By Rules Alone Cannot Be Basis to Deny Premature Release || P&H HC: Senior Citizens Act cannot Remove Estranged Daughter-In-Law from Shared Home || P&H HC: Foreign Licence Alone Does Not Authorize Driving in India || Allahabad HC: Parental Concern Cannot Override Adult’s Choice of Life Partner || Calcutta HC: Defamation Injunction Requires Truth Defence to Be Clearly Unsustainable

RBI announces rate of interest on Government of India Floating Rate Bond 2033- (Reserve Bank of India) (21 Sep 2022)

MANU/RPRL/0423/2022

Banking

The rate of interest on Government of India Floating Rate Bond 2033 (GOI FRB 2033) applicable for the half year September 22, 2022 to March 21, 2023 shall be 7.42 percent per annum.

It may be recalled that FRB 2033 will carry a coupon, which will have a base rate equivalent to the average of the Weighted Average Yield (WAY) of last 3 auctions (from the rate fixing day, i.e., September 22, 2022) of 182 Day T-Bills, plus a fixed spread (1.22 percent).

Tags : RATE INTEREST FLOATING RATE BOND 2033

Share :