The rate of interest on the Government of India Floating Rate Bond 2033 (FRB 2033) has been set at 6.87% per annum for the six-month period from September 22, 2026 to March 21, 2027.

The bond's coupon is linked to the average Weighted Average Yield (WAY) of the last three auctions of 182-day Treasury Bills, as calculated on the rate-fixing date, plus a fixed spread of 1.22%.