RBI hikes interest rate on floating rate savings bond (2020) from 7.15% to 7.35%
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- Last Updated on 2 January, 2023
Press Release No. 2022-2023/1474, dated 30.12.2022
RBI has hiked the interest rate on floating rate savings bonds (2020) from 7.15% to 7.35% from January 1, 2023. The hike in the interest rate on floating bonds has come after the government hiked the interest rate on National Savings Certificate (NSC). Earlier, the rate of interest on NSC has been revised to 7.00% for the fourth quarter of FY 2022-23. Now, the interest rate on the floating rate savings bonds for the period January 1, 2023 to June 30, 2023 has been reset at 7.35%.
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