Latest Rates for CRR, SLR, Bank Rate, Cash Reserve Ratio, MSF

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Latest Important Banking Sector Data - 2011

Bank Rate

6.00% (w.e.f. 29/04/2003)

Cash Reserve Ratio (CRR)

5.50% (wef 28/01/2012) -announced on 24/01/2012

Decreased from 6.00% to 5.50% which was continuing since 24/04/2010

Statutory Liquidity Ratio (SLR)

24%(w.e.f. 18/12/2010)

Decreased from 25% which was continuing since 07/11/2009

Repo Rate under LAF

8.50% (w.e.f.

25/10/2011)

Increased from 8.25% which was continuing since 16/09/2011

Reverse Repo Rate under LAF *

7.50% (w.e.f.

25/10/2011)

Increased from 7.25% which was continuing since 16/09/2011

*Reverse Report rate was an independent rate till 03/05/2011. However, in the monetary policy announced on 03/05/2011, RBI has decided that now onwards the Reverse Repo Rate will not be announced separately, but will be linked to Repo rate and it will always be 100 bps below the Repo rate (till RBI decides to delink the same)

Marginal Standing Facility (MSF) **

9.50% (w.e.f. 25/10/2011)

Increased from 9.25% which was continuing since 16/09/2011

** The concept of Marginal Standing Facility has been announced by RBI wef 03/05/2011 (However implemented wef 09/05/2011). It was decided that Marginal Standing Facility i.e. MSF rate will be linked to Repo rate and it will always be 100 bps above the Repo Rate (till RBI decides to delink the same). What is Marginal Standing Facility or What is MSF?

Saving Deposits - For residents

RBI has amended the rate of interest on SF accounts in exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949

Deregulated by RBI wef 25/10/2011

It remained regulated by RBI till 24th October, 2011.

(a) It was 4% between 3/5/2011 to 24/10/2011;

(b) It was 3.50% between 1/3/2003 to 2/5/2011)

(Click Here to see the latest guidelines for SF accounts and Highest Rate of Interest on Saving Fund Accounts )

Saving Deposits under NRO and NRE categories)

4.00% (w.e.f. 03/05/2011)

Increased from 3.50%, which was continuing since 1st March, 2003

Wants to Know More About the following:

WHAT IS SLR? WHAT IS CRR? WHAT IS BANK RATE? WHAT IS REPO AND REVERSE REPO