On October 29, 2025, the Reserve Bank of India released information regarding the Government of India Floating Rate Bond 2034 (GOI FRB 2034). The rate of interest applicable for the half year from October 30, 2025, to April 29, 2026, is 6.54 per cent per annum. The FRB 2034 carries 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 30, 2025) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).
The Department of Communication can be contacted at Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, phone: 022 - 2266 0502. The website is www.rbi.org.in and the email is helpdoc@rbi.org.in. The press release number is 2025-2026/1409. Ajit Prasad, Deputy General Manager (Communications), is the contact person.
Key Entities Referenced
Government of India Floating Rate Bond 2034 (GOI FRB 2034): Floating rate bond issued by the Government of India, maturing in 2034, whose interest rate is being announced.
Reserve Bank of India: The central bank of India, responsible for issuing this press release.
182 Day T-Bills: Treasury bills with a maturity of 182 days, used as a base rate for the FRB 2034 coupon.
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 29, 2025
Rate of Interest on Government of India Floating Rate Bond 2034
The rate of interest on Government of India Floating Rate Bond 2034 (GOI FRB 2034)
applicable for the half year October 30, 2025 to April 29, 2026 shall be 6.54 per cent per
annum.
It may be recalled that FRB 2034 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 30, 2025) of 182 Day T-Bills, plus a fixed spread (0.98 per cent).
Ajit Prasad
Press Release: 2025-2026/1409 Deputy General Manager
(Communications)