Interest Rates for Government Schemes and Policy Rates of RBI
Interest Rates for Government Schemes and Policy Rates of RBI
RBI Policy Rates
Rate
Percentage
Policy Repo Rate
4.00%
Reverse Repo Rate
3.35%
Marginal Standing Facility Rate
4.25%
Bank Rate
4.25%
(Cash Reserve Ratio) CRR
3%
(Statutory Liquidity Ratio) SLR
18.00%
What is Repo Rate – it is the interest rate at which the RBI gives money to licensed commercial banks when they need short term funds to coincide regulatory or business requirements.
