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


PDF - Rate of interest on Government of India Floating Rate Bond 2031 ()
Date : Jun 05, 2026
Rate of interest on Government of India Floating Rate Bond 2031

The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year June 07, 2026 to December 06, 2026 shall be 6.64 per cent per annum.

It may be recalled that FRB 2031 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. June 07, 2026) of 182 Day T-Bills, plus a fixed spread of One per cent.

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2026-2027/395

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