Interest rate derivative is a standardized financial derivative contract traded on a recognized exchange, whose value is derived from one or more interest rates, prices of interest rate instruments, or interest rate indices. In order to trade in interest rate contracts, you will have to get your Currency segment activated if not done already. Click here to know about the segment activation process and click here to know how to check the segment activation status.
Once your currency segment is active, you can simply search for the interest rate contract symbol in the search box of your home screen and start trading. You can use the BSE website to search for the underlying.