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