Coupon Re-set of Postal Life Insurance Government of India Special Floating Rate Security, 2022 - F. No. 4(4)-W&M/2016 - Indian Law

MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) (W M SECTION) NOTIFICATION New Delhi, the 13th April, 2016 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 1, 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, Jt. Secy.