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 || P&H HC: 45-Day Delay in Informing Detenue of Representation Right Violates Article 22(5) || Rajasthan HC Bars Courts from Protecting those Responsible for Building Defects at their Own Peril || Allahabad HC: Clarification Issued Before Decision Applies to Pending Tender Complaints || Allahabad HC: Father’s Custody Cannot be Denied without Proof of Guardianship Unfitness || Bombay High Court: Each Petitioner Must Pay Court Fee Where Causes of Action are Separate || P&H High Court: Counsel’s Ignorance of Readily Available Prior Litigation Amounts to Dereliction || SC: Amendments to Government Orders Must Be Construed Fairly to Prevent Hardship

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 :