RBI Announced 8 Percent Interest On Floating Rate Bond 2034
The Government of India has issued a Floating Rate Bond (FRB) maturing in 2034, with the Reserve Bank of India (RBI) proclaiming an interest rate of 8% for the Floating Rate Savings Bond (FRSB) 2034. This bond has a variable interest rate that resetss every six months to reflect market conditions.
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