Change in Bank Rate - ആർബിഐ - Reserve Bank of India
Change in Bank Rate
RBI/2019-20/190 March 27, 2020 All Scheduled and Non Scheduled Banks Dear Sir/Madam Change in Bank Rate Please refer to our circular DBR.No.Ret.BC.19/12.01.001/2019-20 dated October 04, 2019, on the captioned subject. 2. As announced in the Seventh Bi-Monthly Monetary Policy Statement 2019-20 of March 27, 2020, the Bank Rate is revised downwards by 75 basis points from 5.40 per cent to 4.65 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated in the Annex. Yours faithfully, (Dr.S.K.Kar) Encl. : As above Penal Interest Rates which are linked to the Bank Rate
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