**Summary:**
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. The security will bear interest at a rate of 6.92% per annum for the financial year 2020-21. This interest rate is aligned with the daily average yield of 10-year Government securities during the preceding calendar year, specifically from January 1, 2019, to December 31, 2019. Interest payments will be made semi-annually on September 30 and March 30. The notification is issued by order of the President of India, with Rajat Kumar Mishra, Joint Secretary, as the contact person.
Key Entities Referenced
Postal Life Insurance: An insurance scheme offered through the Indian postal system, referenced in the context of a floating rate security.
Government of India Special Floating Rate Security, 2022: A specific type of financial instrument issued by the Government of India, maturing in 2022.
Ministry of Finance: The government ministry responsible for economic affairs, under which the notification is issued.
Department of Economic Affairs: A department within the Ministry of Finance responsible for economic policy.
New Delhi: The location where the notification was issued. New Delhi, Delhi, India.
Rajat Kumar Mishra: The Joint Secretary who signed the notification on behalf of the President of India.
The Gazette of India: Official government gazette where notifications are published.
Government of India Press, Ring Road, Mayapuri, New Delhi: Government of India Press, located in Delhi, is responsible for printing official documents.
रजिस्ट्री स.ं डी.एल.-33004/99 REGD. NO. D. L.-33004/99
सी.जी.-डी.एल.-अ.-28032020-218946
CG-DxLx-xEG-I2D8H0x3x2x0 20-218946
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग I—खण्ड 1
PART I—Section 1
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 78] नई दिल्ली, िुक्रिार, ंाच ि27, 2020/च्ै 7, 1942
No.78] NEW DELHI, FRIDAY, MARCH 27, 2020/CHAITRA 7, 1942
जित्त ं्ं ाल
(आर्थकि का िजिभाग)
(बिट प्रभाग)
अजधसचू ना
नई दिल् ली, 27 ंाचि, 2020
जिष : भारत की पोस्ट्टल लाइफ इंश् ोरेंस की कूपन री-सटे जििषे फ़्लोटटंग रेट जसक् ोररटी, 2022
फा.स.ं 4(3)-बी(डब्ल् एू डं एं)/2020.—भारत सरकार डाक िीिन बींा जििेष फ्लोटटंग िर बाडं , 2022 जित्ती
िषि 2020-21 के जलए 6.92 प्रजतित िार्षिक की िर स े ब् ाि का िहन करेगी। इन बॉन्डों पर ब् ाि िर 10 साल की िैजनक
उपि पूिििती कैलडें र िष ि ं ें सरकारी प्रजतभूजत ों ानी 01 िनिरी स े 31 दिसंबर, 2019 तक के अनरूु प ह।ै ब् ाि 30
जसतंबर और 30 ंाच ि को छंाही रूप स ेि े होगा।
भारत के राष्ट्रपजत के आिेिानुसार,
रित कुंार जंश्र, सं ुक् त सजचि
1626 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 27th March, 2020
Subject: Coupon Re-Set of Postal Life Insurance Government of India Special Floating Rate Security, 2022.
F. No. 4 (3)-B(W&M)/2020.—The Government of India Postal Life Insurance Special Floating Rate Bonds,
2022 will bear interest at the rate of 6.92 per cent per annum for the financial year 2020-21. 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
01 to December 31, 2019. Interest will be payable half yearly on September 30 & March 30.
By Order of the President of India,
RAJAT KUMAR MISHRA, Jt. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.