The Reserve Bank of India (RBI) has set the interest rate for the Government of India Floating Rate Bond 2033 at 8.34% per annum for the period from March 22, 2024, to September 21, 2024. The bond follows a floating interest rate mechanism based on the average yield of 182-Day Treasury Bills.

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• RBI announces 8.34% interest rate for GOI Floating Rate Bond 2033 for the period March 22, 2024 – September 21, 2024.
• The bond follows a floating rate mechanism, with the coupon rate linked to the average yield of the last three 182-Day Treasury Bill auctions.
• A fixed spread of 1.22% is added to the average yield to determine the final interest rate.
• The rate is reset every six months based on the latest auction results.
• The bond is issued by the Government of India, with RBI as the issuing authority.
• This bond is attractive for investors looking for interest rate adjustments based on market conditions.
• The applicable period for this rate is from March 22, 2024, to September 21, 2024.
• The interest rate is recalculated every six months, offering periodic adjustments.
• The bond provides a stable investment option with periodic interest based on government securities.
• Ideal for investors seeking investments with returns linked to market trends and government-backed security.