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Latest Important Policy Rates in Indian Banking - 2016

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Rajesh Goyal   



Bank Rate* 

7.00% (w.e.f. 29/09/2015) 

Decreased  from 8.25% which was continuing since 02/06/2015 

Cash Reserve Ratio (CRR)  4.00% (wef   09/02/2013) -announced on 29/01/2013  Decreased from 4.25%which was continuing since 30/10/2012 

Statutory Liquidity Ratio (SLR) 

21.50%(w.e.f. 07/02/2015) (announced on 03/02/2015)  

Decreased from 22.00% which was continuing since 09/08/2014 


[* Remember Bank Rate is not the same thing as Deposit Rates offered by banks for fixed deposits and recurring deposits.    If you are a non banker and have landed on this page while looking at Deposit Rates, please click here to go to correct page i.e.   Best Deposit Rates offered by banks for fixed deposits]




 Update on 07th June 2016 : No change by RBI for the Monetary Policy Rates    New policy rates are :  Repo rate under the liquidity adjustment facility (LAF) to be 6.50%;  the Reverse repo rate to be 6.00%, the marginal standing facility (MSF) rate to be 7.00%, Bank Rate at 7.00% and finally, the CRR continues to be at 4% as per the Second Bi-monthly Monetary Policy Statement for 2016-17 by RBI on 07th June, 2016



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Repo Rate under LAF



(w.e.f. 05/04/2016)


Decreased  from 7.25% which was continuing since 02/06/2015 


Reverse Repo Rate under LAF ** 6.00%

(w.e.f. 05/04/2016)


Increased  from 5.75% which was continuing since 29/09/2015 
Marginal Standing Facility (MSF) *** 7.00 (w.e.f. 05/04/2016) Decreased  from 8.25% which was continuing since 02/06/2015 



**Reverse Report rate was an independent rate till 03/05/2011.  However, in the monetary policy announced on 03/05/2011, RBI has decided that now onwards the Reverse Repo Rate will not be announced separately, but will be linked to Repo rate and it will always be 100 bps below the Repo rate (till RBI decides to delink the same)



** The concept of Marginal Standing Facility was announced by RBI wef 03/05/2011 (However implemented wef 09/05/2011).  At that time it was decided that Marginal Standing Facility i.e. MSF rate will be linked to Repo rate and will be 100 bps above the Repo Rate (till RBI decides to change the same).   WEF  15/07/2013, RBI has announced that from now onwards the  MSF Rate will be 300 basis points above the Repo Rate.   Once again MSF rates were revised wef 20/09/2013 to 9.50%, which is 200 bps above the Repo Rate,    


 Wants to Know More About MSF  - Click Here :  What is Marginal Standing Facility or What is MSF?





Saving Deposits - For residents

 RBI has amended the rate of interest on SF accounts in exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949

Deregulated by RBI wef 25/10/2011

It remained regulated by RBI till 24th October, 2011.

(a) It was 4% between 3/5/2011 to 24/10/2011;            

(b) It was 3.50% between 1/3/2003 to 2/5/2011)




  (Click Here to see the latest guidelines for SF accounts and Highest Rate of Interest on Saving Fund Accounts )



Saving Deposits under NRO and NRE categories 4% wef (03/05/2011) Increased from 3.50% which was continuing since 1st March, 2012




Wants to Know More About the following:




Chronology of Marginal Standing Facility / History of Marginal Standing Facility

Chronology of Bank Rate in India  / History of Bank Rate

Chronology of SLR Rates in India / History of Statutory Liquidity Ratio Rates in India

Chronology of CRR Rates in India / History of Cash Reserve Rates in India

Chronology of Repo Rates / History of Repo Rates in India

Chronology of Reverse Repo Rates in India / History of Reverse Repo Rates in India


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