RBI Announces Interest Rate on GOI Floating Rate Bond 2033
| Key Aspect | Details |
|---|---|
| Security | Government of India Floating Rate Bond 2033 (GOI FRB 2033) |
| Issuing Authority | Reserve Bank of India (RBI) |
| Interest Rate | 8.34% per annum |
| Applicable Period | March 22, 2024 - September 21, 2024 |
| Floating Rate Mechanism | Based on Weighted Average Yield (WAY) of last three 182-Day Treasury Bills |
| Fixed Spread | 1.22% added to WAY |
| Rate Revision Frequency | Semi-annually |
| Investor Appeal | Suitable for investors seeking periodic interest adjustments |