RBI/2024-25/111
DoR.RET.REC.57/12.01.001/2024-25                                                              

February 07, 2025

All Banks

Madam / Dear Sir,

Change in Bank Rate

Please refer to our circular DOR.RET.REC.101/12.01.001/2022-23 dated February 08, 2023 on the captioned subject.
2. As announced in the Monetary Policy Statement 2024-25 dated February 07, 2025, the Bank Rate is revised downwards by 25 basis points from 6.75 per cent to 6.50 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,

(Latha Vishwanath)
Chief General Manager

Encl.: As above

Annex
Penal Interest Rates which are linked to the Bank Rate