- Interest rate 6.22 per annum October 4, 2025 to April 3, 2026.
- Basis: Likewise, Average weighted yield (WAY) of the three 182-Day Treasury Bill auction as of the 4th of October, 2025.
The Major Attributes of GOI Floating Rate Savings Bonds (FRSBs):
- Interest bearing, non-tradeable bonds, which are repayable in 7 years.
- Eligible Investors: Residents, joint holders, minors guardians and Hindu Undivided Families (HUFs); NRIs are not eligible.
- Minimum Investment: 1000(in multiples); there is no upper limit.
- Interest Payment: semi-annual on January 1 and July 1; rate readjusted after every six months.
- Rate adjusted to NSC rate at an added +35bps.
- None; cumulative interest not allowed; amount is repaid at maturity.
Month: Current Affairs - October 14, 2025
Category: BANKING, FINANCE AND BUSINESS