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RBI Lowers Bank Rate to 6.50%

The Reserve Bank of India has announced a reduction in the Bank Rate by 25 basis points from 6.75% to 6.50%, effective immediately. This change also affects penal interest rates on shortfalls in reserve requirements that are linked to the Bank Rate. The revised rates are detailed in the annex of the circular dated February 07, 2025.

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48 views2 pages

RBI Lowers Bank Rate to 6.50%

The Reserve Bank of India has announced a reduction in the Bank Rate by 25 basis points from 6.75% to 6.50%, effective immediately. This change also affects penal interest rates on shortfalls in reserve requirements that are linked to the Bank Rate. The revised rates are detailed in the annex of the circular dated February 07, 2025.

Uploaded by

Rakesh Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

भारतीय रऱििा बैंक

RESERVE BANK OF INDIA


[Link]
RBI/2024-25/111
[Link].57/12.01.001/2024-25 February 07, 2025

All Banks

Madam / Dear Sir,

Change in Bank Rate

Please refer to our circular [Link].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

________________________________________________________________________________________________________________________________________________________
विवियमि विभाग, केंद्रीय कायाा लय, 12िीीं और 13िीीं मींव़िल, िरीमि भिि, िरीमि पॉइीं ट, मींबई 400021
Department of Regulation, Central Office, 12th & 13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021
बैंक वहीं दी में पत्राचार का स्वागत करता है
Caution: RBI never sends mails, SMSs or makes calls asking for personal information like bank account details, passwords, etc. It never keeps or offers funds
to anyone. Please do not respond in any manner to such offers.
Annex

Penal Interest Rates which are linked to the Bank Rate

Revised Rate
Item Existing Rate
(With immediate effect)
Penal interest rates on Bank Rate plus 3.0 Bank Rate plus 3.0 percentage points
shortfalls in reserve percentage points (9.75 per (9.50 per cent) or Bank Rate plus 5.0
requirements (depending on cent) or Bank Rate plus 5.0 percentage points (11.50 per cent).
duration of shortfalls). percentage points (11.75 per
cent).

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