SC: Lessee Cannot Challenge Eviction After Landowner Withdraws Plea || SC: Appointment Contrary to Recruitment Advertisement Constitutes Fraud on Public || SC: Bribe Given to Intermediary Alone Insufficient to Establish Public Servant's Guilt under PC Act || SC: AO Cannot Revive Assessment Concluded by Settlement Commission under Income Tax Act || SC: Insurer's Office Location Alone can't Confer Jurisdiction for Claim under MV Act || Calcutta HC: Mutual Consent Divorce Justifies Quashing S.498A IPC Cruelty Case under HMA || Delhi HC: Mere 2-Year Delay in Arbitral Award does not Warrant Setting Aside || Kerala HC: Courts can't Insist on Identifying Unknown Parties in John Doe Suits || Supreme Court: Army Must Prove Disability Was Unrelated to Service to Deny Pension || SC: Grant of Fishing Rights by Deed is a Transfer of Immovable Property, Qualifies as Lease

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 :