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

(366 kb)

Date : Dec 06, 2024

Rate of interest on Government of India Floating Rate Bond 2031

The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 07, 2024 to June 06, 2025 shall be 7.59 per cent per annum.

It may be recalled that FRB 2031 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield of last three auctions (from the rate fixing day i.e. December 07, 2024) of 182 Day T-Bills, plus a fixed spread of One per cent.

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2024-2025/1658

2024