RBI notified regarding the rate of Interest on

Jul 01, 2024 | by TeamLease RegTech Legal Research Team

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Finance & Taxation Compliance The Reserve Bank of India (RBI) on July 01, 2024, issued the notification regarding the Rate of Interest on Floating Rate Savings Bond, 2020 (Taxable) – FRSB 2020(T) for the Period July 01, 2024 – December 31, 2024.

The following has been stated namely: -

• The coupon rate on FRSB 2020 (T) for the period July 01, 2024, to December 31, 2024, and payable on January 1, 2025, remains at 8.05% (7.70%+0.35%), unchanged from the previous half-year.

[Press Release: 2024-2025/603]

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