The rate of interest on the Government of India Floating Rate Bond 2028 (GOI FRB 2028) for the half-year from October 4, 2025, to April 3, 2026 has been fixed at 6.22% per annum.

The bond carries a floating coupon, calculated as the average Weighted Average Yield (WAY) of the last three 182-day T-Bill auctions from the rate-fixing day (October 4, 2025) plus a fixed spread of 0.64%.