Supreme Court: State Must Be Impleaded When Relief is Sought From Public Exchequer || SC: Student Fees Cannot Be Increased Mid-Course Except in Exceptional Circumstances || Supreme Court: ED's Delay in Sending Arrest Order Does Not By Itself Invalidate Arrest || Supreme Court: Appeal Limitation Runs From NCLAT Order Pronouncement, Not Certified Copy Receipt || Gujarat High Court: Waqf Tribunal Has No Supervisory Authority Over Waqf Board || Kerala High Court Orders Aadhaar Fingerprint Comparison to Trace Sreekrishnapuram Murder Culprits || Delhi High Court: Unnatural Death at Police Station Alone Cannot Establish Police Negligence || Orissa High Court: Teacher Scolding Student for Intoxicant Use is Not Suicide Abetment || Supreme Court: Drug Users are Victims and Focus Must Be on Breaking the Supply Chain || Supreme Court: Non-Signatories May Join Arbitration When the Dispute Affects Their Rights

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 :