Change in Bank Rate - ఆర్బిఐ - Reserve Bank of India
Change in Bank Rate
RBI/2022-23/45 May 04, 2022 All Banks Madam/Sir, Change in Bank Rate Please refer to our circular DOR.No.Ret.BC.74/12.01.001/2019-20 dated May 22, 2020 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated May 04, 2022, the Bank Rate is revised upwards by 40 basis points from 4.25 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, (Prakash Baliarsingh) Encl. : As above Penal Interest Rates which are linked to the Bank Rate
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