Coupon Re-set of Postal Life Insurance Government of India Special Floating Rate Security, 2022

Coupon Re-set of Postal Life Insurance Government of India Special Floating Rate Security, 2022

F.No.4(4)-W&M/2016
Ministry of Finance
Department of Economic Affairs
Budget Division
(W&M Section)

North Block, New Delhi-110001
Dated the April 13, 2016

NOTIFICATION

Coupon Re-set of Postal Life Insurance Government of India Special Floating Rate Security, 2022

F. No.4 (4)-W&M/2016: Government of India Postal Life Insurance Special Floating Rate Bonds, 2022 will bear interest at the rate of 7.78 per cent per annum for the financial year 2016-17. 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, 2015. Interest will be payable half yearly on September 30 and March 30.

By Order of the President of India
(Prashant Goyal)
Joint Secretary to the Government of India

Source-Finmin