Bombay HC: Judicial Remand Extension Beyond 60 Days Without Hearing, Reasons is Illegal || Telangana HC: Changing Arbitration Venue Without Consent is Legally Perversive || J&K&L HC: Properly Addressed and Sent Notice Deemed Served Under General Clauses Act || Jharkhand HC: Fresh Anticipatory Bail Plea Not Maintainable After Earlier Rejection under S. 482 BNSS || Orissa HC: Res Judicata Principle Doesn’t Apply to Execution Proceedings under Order 21 CPC || Orissa HC: Railways Strictly Liable for Passenger’s Death After Falling From Train || Del. HC: Director Not Individually Liable for Asset Transfer Without Consideration under S.276 IT Act || Delhi HC: No Blanket Protection for Litigants from Counsel’s Negligence || Bombay HC: Board under Mathadi Act Has No Power to Review its Own Orders || Delhi HC: Father Granted Custody When Mother’s Adultery Allegation Includes Neglect

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 :