BANKER AND DEBT MANAGER TO GOVERNMENT

Managing the government's banking transactions is a key RBI role. Like individuals, businesses and banks, governments need a banker to carry out their financial transactions in an efficient and effective manner, including the raising of resources from the public.

Press Release

(338 kb)

Date : Apr 29, 2024

Rate of interest on Government of India Floating Rate Bond 2034

The rate of interest on Government of India Floating Rate Bond 2034 (GOI FRB 2034) applicable for the half year April 30, 2024 to October 29, 2024 shall be 8.00 per cent per annum.

It may be recalled that FRB 2034 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., April 30, 2024) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2024-2025/214

2024