New Delhi, Oct. 30 -- The Reserve Bank of India (RBI) has announced a revised interest rate of 7.26% per annum on the Government of India Floating Rate Bond 2034 (FRB 2034) for the six-month period from 30 October 2026 to 29 April 2027.

This new interest rate of 7.26% per annum, applicable from 30 October 2026 to 29 April 2027, is higher than the earlier rate of 6.45% per annum, which applied from 30 April to 29 October 2026. This marks an increase of 81 basis points (bps) from the previous interest rate.

Floating-rate bonds offer investors the opportunity to earn interest that is periodically adjusted rather than remaining fixed throughout the investment period. Here's what you need to know.

According to the RBI's press release on Thu...