This notification from the Ministry of Finance, Department of Economic Affairs, Budget Division, announces the coupon reset for the Government of India Postal Life Insurance Special Floating Rate Security, 2022. Effective for the financial year 2015-16, these bonds will bear interest at a rate of 8.59% per annum. This interest rate is aligned with the daily average yield of 10-year Government Securities during the preceding calendar year (January to December 2014). Interest payments will be made semi-annually on September 30th and March 30th. The notification is issued by order of the President of India, with Dr. Rajat Bhargava, Joint Secretary, as the signatory. The notification number is F. No 5 12PD2001. The document was printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi and Published by the Controller of Publications, Delhi.
Key Entities Referenced
Ministry of Finance: The government ministry responsible for economic affairs, revenue, expenditure and investments.
Department of Economic Affairs: A department within the Ministry of Finance.
New Delhi: The location where the notification was issued, New Delhi, Delhi.
Postal Life Insurance Government of India Special Floating Rate Security, 2022: A specific type of government security with a floating interest rate, maturing in 2022.
Government of India Postal Life Insurance Special Floating Rate Bonds, 2022: Bonds issued by the Government of India related to Postal Life Insurance, maturing in 2022
Rajat Bhargava: The Joint Secretary who signed the order on behalf of the President of India.
Budget Division: A division within the Department of Economic Affairs.
Government of India Press, Ring Road, Mayapuri, New Delhi: The printing location of the document.
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डॉ रजत भाग(cid:12)व, संयु9त सिचव
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 30th March, 2015
Coupon Re-set of Postal Life Insurance Government of India Special Floating Rate Security, 2022
F. No 5 (12)-PD/2001: Government of India Postal Life Insurance Special Floating Rate Bonds, 2022 will bear
interest at the rate of 8.59 per cent per annum for the financial year 2015-16. Interest rate on these bonds is in line with
daily average yield of 10 years Government Securities in the preceding calendar year i.e. January to December 2014.
Interest will be payable half yearly on September 30 and March 30.
By Order of the President of India,
Dr. RAJATBHARGAVA, Jt. Secy.
1448 GI/2015
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.