RBI/2013-2014/550
FMD.MOAG. No.101/01.01.009/2013-14

April 01, 2014

All Scheduled Commercial Banks (excluding RRBs)

Madam / Sir,

Term Repo under Liquidity Adjustment Facility

As announced today in the First Bi-monthly Monetary Policy Statement 2014-15, it has been decided to increase the quantum of liquidity provided under 7-day and 14-day term repos from 0.5 per cent of net demand and time liabilities (NDTL) of the banking system to 0.75 per cent with immediate effect.

2. All other terms and conditions of the current Term Repo scheme will remain unchanged.

3. Please acknowledge receipt.

Yours sincerely

(G. Mahalingam)
Principal Chief General Manager