The interest rate on RBI floating rate bonds hiked to 7.35% from january 1

The Reserve bank of India on December 30 through a press release announced that they are planning to hike the interest rates on floating rate saving bonds(2020) to 7.35% from the existing 7.15%.

The rate of interest on NSC has been revised to 7.00 % for the fourth quarter of FY 2022-23, in terms of Goi notification F.No1/4/2019-NS dated December 30,2022.