Rate of Interest on Government of India Floating Rate Bond 2028
RBI press-release 2026-2027/1235 · 01 Oct 2026
Summary
Check the official recordWhat changed
The Reserve Bank of India sets the interest rate for the Government of India Floating Rate Bond 2028. The rate applies for the half-year period from October 04, 2026, to April 03, 2027. The applicable interest rate is 6.45 percent per annum. This bond uses a base rate calculated from the average weighted average yield of the last three 182-day Treasury Bill auctions. A fixed spread of 0.64 percent applies to this base rate.
Key dates
- Effective from
- 04 Oct 2026
- Commencement of interest rate period
- 04 Oct 2026
- End of interest rate period
- 03 Apr 2027
Who is affected
Document text
October 01, 2026
Rate of Interest on Government of India Floating Rate Bond 2028
The rate of interest on Government of India Floating Rate Bond 2028 (FRB 2028) applicable for the half year October 04, 2026 to April 03, 2027 shall be 6.45 per cent per annum.
It may be recalled that FRB 2028 carries a coupon, which has a base rate equivalent to the average of the Weighted Average Yield (WAY) of last three auctions (from the rate fixing day i.e., October 04, 2026) of 182 Day T-Bills, plus a fixed spread (0.64 per cent)
Ajit Prasad Press Release: 2026-2027/1235 Deputy General Manager (Communications)
ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, कᱶᮤीय कायार्लय, शहीद भगत ᳲसंह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
Source details
- Source
- Reserve Bank of India
- Type
- press-release
- Published by source
- 01 Oct 2026
- Document number
- 2026-2027/1235
- Issuing division
- Department of Communication
- Effective date
- 04 Oct 2026
- Coverage area
- banking