RBI Announces Rate of Interest on Floating Rate Savings Bond, 2020 (Taxable) for the Period 01 -July-2022 to 31-December-2022
Reserve Bank of India on Floating Rate Savings Bonds, 2020 (Taxable) the coupon/interest rate of the bond would be reset half yearly. The coupon/interest rate will be set at a spread of (+) 35 bps over the prevailing NSC rate. The coupon rate on FRSB 2020 (T) for period 01 - July-2022 to 31-December-2022 and payable on January 1, 2023 remains at 7.15% (6.80% +0.35%), unchanged from the previous half-year.
