Rate of Interest on Government of India Floating Rate Bond 2028
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Official press release — a government communication announcing decisions, milestones, or initiatives. Signals intent and often precedes formal notification or legislative action.
Summary
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
Key Facts
TypePress release
SourceReserve Bank of India
PublishedThursday, 1 October 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Key Authorities
Key Stakeholders
Government Context
NDA IIIBJP-led NDA
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