Gujarat HC Grants Bail to Marriage Bureau Owner, Finds No Link to Alleged ‘Looteri Dulhan’ Gang || Calcutta HC: Minor’s Consent has No Mitigating Effect in POCSO Sexual Assault Cases || Orissa HC Commutes Death Sentence, Says Emotion Cannot Override Established Law || Calcutta HC: Street Vendors Act Protects Lawful Vending, Not Illegal Encroachments || P&H HC: Courts Cannot Reveal Identities of Children in Conflict With Law in Court Records || Bombay HC: Government Cannot Fix ‘Politically Convenient’ Election Dates sets Goa Poll Timeline || SC: Major Port Trusts Liable for Customs Duty on Pilfered Goods under Customs Act || Supreme Court: General Fraud Allegations Cannot Extend Limitation under Section 74 CGST Act || SC: ‘No Coercive Steps’ Order Cannot Restrain Filing of Charge Sheet || Chhattisgarh HC: Maintenance for Autistic Child May Continue Beyond 18 Until Self-Sufficient

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 :