Chhattisgarh HC: Father Must Provide Maintenance and Marriage Expenses to Unmarried Adult Daughter || Delhi HC Rules That ‘Hermès’ and the 3D Shape of its ‘Birkin’ Bag are Well-Known Trademarks in India || Kerala HC: Arrest is Illegal if Accused isn’t Produced in 24 Hours and Rearrest From Prison is Barred || Supreme Court: Treating Every Sour Relationship as Rape Undermines the Seriousness of the Offence || Supreme Court: Section 7 IBC Application Cannot be Rejected for Curable Defects in Affidavit || NCLT Kochi: Sec 7 Insolvency Cannot be Filed Against Guarantor Without First Enforcing the Guarantee || Patna High Court: Mere Two-And-A-Half-Year Incarceration is Not Sufficient for Bail under UAPA || Bombay HC: Insolvency Cannot be Used to Evade a Family Court’s Maintenance Order || Kerala HC: Forklifts and Factory Cranes Are Motor Vehicles and Must be Registered under MV Act || Guj HC: Edible Crude Palm Kernel Oil Qualifies for Duty Exemption; End-Use Condition not Applicable

Rate of Interest on Floating Rate Savings Bond, 2020 (Taxable) - FRSB 2020 (T) for the Period January 01, 2024 - June 30, 2024- (Reserve Bank of India) (01 Jan 2024)

MANU/RPRL/0002/2024

Banking

1. In terms of Para 13 (ii) of Government of India Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, 2020 (Taxable)- FRSB 2020 (T), the coupon/interest rate of the bond would be reset half yearly, starting with January 01, 2021 and the coupon/interest rate will be set at a spread of (+) 35 bps over the prevailing National Savings Certificate (NSC) rate.

2. Accordingly, the coupon rate on FRSB 2020 (T) for the period January 01, 2024 to June 30, 2024 and payable on July 1, 2024 remains at 8.05% (7.70%+0.35%), unchanged from the previous half-year.

Tags : RATE INTEREST SAVINGS BOND

Share :