Supreme Court Urged Railways to Drop the Term Second-Class Passengers || Supreme Court: Employers Cannot Deny Compassionate Appointments Through Delays || Supreme Court Explains How Testimony of a Dead Witness Can be Used Against an Absconding Accused || SC Recommended Amending IBC to Ensure Fair Repayment Protection for MSME Operational Creditors || Supreme Court: High Courts Cannot Reappreciate Evidence in Certiorari Jurisdiction || SC: Railways are Not Liable Unless Owner-Risk Goods Were Counted or Weighed || SC: Courts and Prosecutors Must Expedite Trials For Jailed Accused || Supreme Court Clarifies that Swear Words and Vulgar Expletives Alone do Not Constitute Obscenity || Supreme Court: Nominated Town Panchayat Members Have No Voting Rights in Council Polls || Delhi High Court Declines Interim Relief to Sonam Wangchuk, Upholds His Hospitalization

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 :