POSTAL LIFE INSURANCE
The Department of Economic Affairs (Budget Division) under Govt. of India has issued a Notification F. No 5 (12)- PD/2001 dated 25th March, 2014 regarding Coupon Re-set of Postal Life Insurance Government of India Special Floating Rate Security, 2022 under which Government of India Postal Life Insurance Special Floating Rate Bonds, 2022 will bear interest at the rate of 8.14 per cent per annum for the financial year 2014-15. 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-December 2013. Interest will be payable half yearly on September 30 and March 30.
[Source: www.finmin.nic.in]
No comments:
Post a Comment
Please give your valuable comments.