RBI Floating Rate Bond 2022 – What is the applicable RBI Floating Rate Bond 2022 interest rate? RBI Floating Rate Bonds latest interest rate for 1st January 2022 to 30th June 2022 is announced. As you may be aware the interest rate (coupon) on RBI Floating Rate Bonds changes on a half-yearly basis, it is important to know the current rate.
RBI Floating Rate Bonds were introduced in June 2020 by replacing the RBI 7.75% Savings BOnds (2018). In floating rate bonds, the interest rate varies based on the frequency set by the bond issuer. Such bonds will not offer you any cumulative option.
RBI Floating Rate Bond 2022 – Interest Rate
As I told you above, the interest rate for RBI Floating Rate Bonds would reset once every six months. The first reset was on 1st Jan 2021. On 1st Jan 2021, the benchmarked National Saving Certificate (NSC) rate was 6.8%. Hence, for the period of 1st Jan 2021 to 30th June 2021, the RBI Floating Rate Bonds interest rate was 35 basis…
