This is a press release from the Reserve Bank of India, dated October 03, 2025, regarding the rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028). The rate of interest applicable for the half year from October 04, 2025, to April 03, 2026, will be 6.22 per cent per annum. The FRB 2028 has a coupon with a base rate equivalent to the average of the Weighted Average Yield (WAY) of the last three auctions (from the rate fixing day i.e., October 04, 2025) of 182 Day T-Bills, plus a fixed spread (0.64 per cent). The contact person is Ajit Prasad, Deputy General Manager (Communications). The press release number is 2025-2026/1246. The Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 phone number is 022- 2266 0502. The website is www.rbi.org.in and email is helpdoc@rbi.org.in.
Key Entities Referenced
Government of India Floating Rate Bond 2028: Floating Rate Bond issued by the Government of India
Reserve Bank of India: The central bank of India, issuing the press release
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
October 03, 2025
Rate of Interest on Government of India Floating Rate Bond 2028
The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028)
applicable for the half year October 04, 2025 to April 03, 2026 shall be 6.22 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, 2025) of 182 Day T-Bills, plus a fixed spread (0.64 per cent).
Ajit Prasad
Press Release: 2025-2026/1246 Deputy General Manager
(Communications)