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Chronology of Bank Rate in India (History of Bank Rates)

History of Bank Rate in India / Historical Rates of Bank Rate in India

Date	Bank Rate	Remarks
2-Jan-1900	1.00
5-Jul-1935	3.50
28-Nov-1935	3.00
15-Nov-1951	3.50
16-May-1957	4.00
3-Jan-1963	4.50
26-Sep-1964	5.00
17-Feb-1965	6.00
2-Mar-1968	5.00
9-Jan-1971	6.00
31-May-1973	7.00
23-Jul-1974	9.00
12-Jul-1981	10.00
4-Jul-1991	11.00
9-Oct-1991	12.00
16-Apr-1997	11.00
26-Jun-1997	10.00
22-Oct-1997	9.00
17-Jan-1998	11.00
19-Mar-1998	10.50
3-Apr-1998	10.00
29-Apr-1998	9.00
2-Mar-1999	8.00
2-Apr-2000	7.00
22-Jul-2000	8.00
17-Feb-2001	7.50
2-Mar-2001	7.00
23-Oct-2001	6.50
30-Oct-2002	6.25	RBI circular dated 29/10/2002
29-Apr-2003	6.00	RBI circular dated 29/04/2003

What is Bank rate? Bank Rate is the rate at which central bank of the country (in India it is RBI) allows finance to commercial banks. Bank Rate is a tool, which central bank uses for short-term purposes. Any upward revision in Bank Rate by central bank is an indication that banks should also increase deposit rates as well as Prime Lending Rate. This any revision in the Bank rate indicates could mean more or less interest on your deposits and also an increase or decrease in your EMI.

Wants to Know : WHAT IS SLR? WHAT IS CRR? WHAT IS BANK RATE? WHAT IS REPO AND REVERSE REPO.click here

Chronology of Bank Rate in India / History of Bank Rate

Chronology of SLR Rates in India / History of Statutory Liquidity Ratio Rates in India

Chronology of CRR Rates in India / History of Cash Reserve Rates in India

Chronology of Repo Rates / History of Repo Rates in India

Chronology of Reverse Repo Rates in India / History of Reverse Repo Rates in India

Click Here to Know the Latest CRR Rates SLR Rate, Bank Rate, Repo and Reverse Repo Rates for Banks in India