RBI: 4.62% per annum interest rate set on Government of India Floating Rate Bonds, 2033

The rate of interest on the bonds will be applicable for the half-year of September 22, 2021, to March 21, 2022.

Sep 22, 2021 09:09 IST India Infoline News Service

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The Reserve Bank of India (RBI) has announced the rate of interest on Government of India Floating Rate Bonds, 2033.

The rate of interest is set at 4.62% per annum.

The rate of interest on the bonds will be applicable for the half-year of September 22, 2021, to March 21, 2022.

It may be recalled that FRB, 2033 will carry a coupon, which will have a Base rate equivalent to the average of the Weighted Average Yield (WAY) of the last 3 auctions of 182 Day T-Bills, plus a fixed spread (1.22%).

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