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The Reserve Bank of India sets the interest rate for the Government of India Floating Rate Bond 2034. The rate applies for the half-year period from October 30, 2026, to April 29, 2027. The rate is 7.26 percent per annum. This bond uses a coupon based on the average weighted average yield of the last three 182-day Treasury Bill auctions. The calculation adds a fixed spread of 0.98 percent to this base rate.
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October 29, 2026
Rate of Interest on Government of India Floating Rate Bond 2034
The rate of interest on Government of India Floating Rate Bond 2034 (FRB 2034) applicable for the half year October 30, 2026 to April 29, 2027 shall be 7.26 per cent per annum.
It may be recalled that FRB 2034 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 30, 2026) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/1405
ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
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