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

(297 kb)

Date : Sep 21, 2023

RBI announces rate of interest on Government of India Floating Rate Bond 2033

The rate of interest on Government of India Floating Rate Bond 2033 (GOI FRB 2033) applicable for the half year September 22, 2023 to March 21, 2024 shall be 8.25 percent per annum.

It may be recalled that FRB 2033 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., September 22, 2023) of 182 Day T-Bills, plus a fixed spread (1.22 percent).

Ajit Prasad
Director (Communications)

Press Release: 2023-2024/961

2023