NEWS ON INTEREST RATE MOVEMENT
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NEWS ALERT DATED 06.10.2023 : REPO RATE KEPT UNCHANGED
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is kept at the same level of 6.50 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. These decisions are in consonance with the objective of achieving the medium term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to keep the policy repo rate unchanged at 6.50 per cent.
Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth. Prof. Jayanth R. Varma expressed reservations on this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate policy , CLICK HERE
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is kept at the same level of 6.50 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. These decisions are in consonance with the objective of achieving the medium term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to keep the policy repo rate unchanged at 6.50 per cent.
Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth. Prof. Jayanth R. Varma expressed reservations on this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate policy , CLICK HERE
SMALL SAVINGS TERM INTEREST RATES HIKED FOR 5 YEAR RD
POST OFFICE INTEREST RATES
DATED 29.09.2023 : The interest rates on some small savings schemes for the ensuing quarter from October 2023 to December 2023 is announced today . Except for 5 year Recurring De[osit scheme , all other rates are kept unchanged . The 5 year RD rate is enhanced to 6.7 % from existing 6.5 % pa .
The new rates are
1. The Public Provident Fund : 7.1 % pa ( No change )
2. Kisan Vikas Patra ( KVP ) : 7.5 % pa ( No change )
3 . The 5 Year National savings Certificates ( NSC ) : 7.70 % pa ( No change )
4. Sukanya Samruddhi Account : 8.00 % pa ( No change )
5. Senior Citizen Scheme : 8.20 % . pa ( No change )
6. Monthly Income scheme : 7.4 % pa ( No change )
7. Term Deposits : For the period 1 year :6.9 % pa ( No change )
For the period 2 years : 7.0 % ( No change )
For the period 3 years : 7.00 % ( No change )
5 year term deposit : 7.50 % pa ( No change )
5 year Recurring Deposit : 6.7% pa ( Earlier 6.5 % )
For Ministry of Finance Office Memorandum dated 29.09.2023 CLICK HERE
To know about various post office small savings schemes , CLICK HERE
To check interest rates offered by Banks in India , CLICK HERE
POST OFFICE INTEREST RATES
DATED 29.09.2023 : The interest rates on some small savings schemes for the ensuing quarter from October 2023 to December 2023 is announced today . Except for 5 year Recurring De[osit scheme , all other rates are kept unchanged . The 5 year RD rate is enhanced to 6.7 % from existing 6.5 % pa .
The new rates are
1. The Public Provident Fund : 7.1 % pa ( No change )
2. Kisan Vikas Patra ( KVP ) : 7.5 % pa ( No change )
3 . The 5 Year National savings Certificates ( NSC ) : 7.70 % pa ( No change )
4. Sukanya Samruddhi Account : 8.00 % pa ( No change )
5. Senior Citizen Scheme : 8.20 % . pa ( No change )
6. Monthly Income scheme : 7.4 % pa ( No change )
7. Term Deposits : For the period 1 year :6.9 % pa ( No change )
For the period 2 years : 7.0 % ( No change )
For the period 3 years : 7.00 % ( No change )
5 year term deposit : 7.50 % pa ( No change )
5 year Recurring Deposit : 6.7% pa ( Earlier 6.5 % )
For Ministry of Finance Office Memorandum dated 29.09.2023 CLICK HERE
To know about various post office small savings schemes , CLICK HERE
To check interest rates offered by Banks in India , CLICK HERE
NEWS ALERT DATED 10.08.2023 : REPO RATE KEPT UNCHANGED
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is kept at the same level of 6.50 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. These decisions are in consonance with the objective of achieving the medium term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
INCREMENTAL CRR.
RBI. has decided that with effect from the fortnight beginning August 12, 2023, scheduled banks shall maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023 and July 28, 2023. This measure is intended to absorb the surplus liquidity generated by various factors referred to earlier including the return of ₹2000 notes to the banking system. This is purely a temporary measure for managing the liquidity overhang. Even after this temporary impounding, there will be adequate liquidity in the system to meet the credit needs of the economy. The I-CRR will be reviewed on September 8, 2023 or earlier with a view to returning the impounded funds to the banking system ahead of the festival season. However the existing cash reserve ratio (CRR) remains unchanged at 4.5 per cent.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to keep the policy repo rate unchanged at 6.50 per cent.
Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Prof. Jayanth R. Varma expressed reservations on this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate policy , CLICK HERE
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is kept at the same level of 6.50 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. These decisions are in consonance with the objective of achieving the medium term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
INCREMENTAL CRR.
RBI. has decided that with effect from the fortnight beginning August 12, 2023, scheduled banks shall maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023 and July 28, 2023. This measure is intended to absorb the surplus liquidity generated by various factors referred to earlier including the return of ₹2000 notes to the banking system. This is purely a temporary measure for managing the liquidity overhang. Even after this temporary impounding, there will be adequate liquidity in the system to meet the credit needs of the economy. The I-CRR will be reviewed on September 8, 2023 or earlier with a view to returning the impounded funds to the banking system ahead of the festival season. However the existing cash reserve ratio (CRR) remains unchanged at 4.5 per cent.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to keep the policy repo rate unchanged at 6.50 per cent.
Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Prof. Jayanth R. Varma expressed reservations on this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate policy , CLICK HERE
NEWS ALERT DATED 08.06.2023 : REPO RATE KEPT UNCHANGED
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is kept at the same level of 6.50 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. These decisions are in consonance with the objective of achieving the medium term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri 5 Shaktikanta Das – unanimously voted to keep the policy repo rate unchanged at 6.50 per cent.
Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Prof. Jayanth R. Varma expressed reservations on this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate policy , CLICK HERE
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is kept at the same level of 6.50 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. These decisions are in consonance with the objective of achieving the medium term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri 5 Shaktikanta Das – unanimously voted to keep the policy repo rate unchanged at 6.50 per cent.
Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Prof. Jayanth R. Varma expressed reservations on this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate policy , CLICK HERE
NEWS ALERT DATED 06.04.2023 : REPO RATE KEPT UNCHANGED
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is kept at the same level of 6.50 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent , as per RBI'S announcement .
RBI told that these decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
INCREASE IN CRR
RBI. has decided that with effect from the fortnight beginning August 12, 2023, scheduled banks will maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023 and July 28, 2023. This measure is intended to absorb the surplus liquidity generated by various factors referred to earlier including the return of ₹2000 notes to the banking system. This is purely a temporary measure for managing the liquidity overhang. Even after this temporary impounding, there will be adequate liquidity in the system to meet the credit needs of the economy. The I-CRR will be reviewed on September 8, 2023 or earlier with a view to returning the impounded funds to the banking system ahead of the festival season. I must add that the existing cash reserve ratio (CRR) remains unchanged at 4.5 per cent.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to keep the policy repo rate unchanged at 6.50 per cent.
Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Prof. Jayanth R. Varma expressed reservations on this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate policy , CLICK HERE
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is kept at the same level of 6.50 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent , as per RBI'S announcement .
RBI told that these decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
INCREASE IN CRR
RBI. has decided that with effect from the fortnight beginning August 12, 2023, scheduled banks will maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023 and July 28, 2023. This measure is intended to absorb the surplus liquidity generated by various factors referred to earlier including the return of ₹2000 notes to the banking system. This is purely a temporary measure for managing the liquidity overhang. Even after this temporary impounding, there will be adequate liquidity in the system to meet the credit needs of the economy. The I-CRR will be reviewed on September 8, 2023 or earlier with a view to returning the impounded funds to the banking system ahead of the festival season. I must add that the existing cash reserve ratio (CRR) remains unchanged at 4.5 per cent.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to keep the policy repo rate unchanged at 6.50 per cent.
Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Prof. Jayanth R. Varma expressed reservations on this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate policy , CLICK HERE
SMALL SAVINGS TERM INTEREST RATES HIKED FOR SELECT SCHEMES
POST OFFICE INTEREST RATES
DATED 31.03.2023 : . The interest rates on some small savings schemes hiked up to 0.70 % and others remain same as present for the ensuing quarter from April 2023 to June 2023
The new rates are
1. The Public Provident Fund : 7.1 % pa ( No change )
2. Kisan Vikas Patra ( KVP ) : 7.5 % pa ( Earlier 7.20 % )
3 . The 5 Year National savings Certificates ( NSC ) : 7.70 % pa (Earlier 7.0 % )
4. Sukanya Samruddhi Account : 8.00 % pa ( Earlier 7.6 % )
5. Senior Citizen Scheme : 8.20 % . pa ( Earlier 8.00 % )
6. Monthly Income scheme : 7.4 % pa ( Earlier 7.1 % )
7. Term Deposits : For the period 1 year :6.8 % pa (Earlier 6.6 % )
For the period 2 years : 6.9 % ( Earlier 6.8 % )
For he period 3 years : 7.00 % ( Earlier 6.9 % )
5 year term deposit : 7.50 % pa ( Earlier 7.00 % )
5 year Recurring Deposit : 6.2 % pa ( Earlier 5.8 % )
For Ministry of Finance Office Memorandum dated 31.03.2023 CLICK HERE
To know about various post office small savings schemes , CLICK HERE
To check interest rates offered by Banks in India , CLICK HERE
POST OFFICE INTEREST RATES
DATED 31.03.2023 : . The interest rates on some small savings schemes hiked up to 0.70 % and others remain same as present for the ensuing quarter from April 2023 to June 2023
The new rates are
1. The Public Provident Fund : 7.1 % pa ( No change )
2. Kisan Vikas Patra ( KVP ) : 7.5 % pa ( Earlier 7.20 % )
3 . The 5 Year National savings Certificates ( NSC ) : 7.70 % pa (Earlier 7.0 % )
4. Sukanya Samruddhi Account : 8.00 % pa ( Earlier 7.6 % )
5. Senior Citizen Scheme : 8.20 % . pa ( Earlier 8.00 % )
6. Monthly Income scheme : 7.4 % pa ( Earlier 7.1 % )
7. Term Deposits : For the period 1 year :6.8 % pa (Earlier 6.6 % )
For the period 2 years : 6.9 % ( Earlier 6.8 % )
For he period 3 years : 7.00 % ( Earlier 6.9 % )
5 year term deposit : 7.50 % pa ( Earlier 7.00 % )
5 year Recurring Deposit : 6.2 % pa ( Earlier 5.8 % )
For Ministry of Finance Office Memorandum dated 31.03.2023 CLICK HERE
To know about various post office small savings schemes , CLICK HERE
To check interest rates offered by Banks in India , CLICK HERE
SMALL SAVINGS TERM INTEREST RATES HIKED FOR SELECT SCHEMES
POST OFFICE INTEREST RATES
DATED 01.07.2023 : . The interest rates on some small savings schemes for the ensuing quarter from July 2023 to September 2023
The new rates are
1. The Public Provident Fund : 7.1 % pa ( No change )
2. Kisan Vikas Patra ( KVP ) : 7.5 % pa ( No change )
3 . The 5 Year National savings Certificates ( NSC ) : 7.70 % pa ( No change )
4. Sukanya Samruddhi Account : 8.00 % pa ( No change )
5. Senior Citizen Scheme : 8.20 % . pa ( No change )
6. Monthly Income scheme : 7.4 % pa ( No change )
7. Term Deposits : For the period 1 year :6.9 % pa (Earlier 6.8 % )
For the period 2 years : 7.0 % ( Earlier 6.9 % )
For the period 3 years : 7.00 % ( No change )
5 year term deposit : 7.50 % pa ( No change )
5 year Recurring Deposit : 6.5 % pa ( Earlier 6.2 % )
To know about various post office small savings schemes , CLICK HERE
To check interest rates offered by Banks in India , CLICK HERE
POST OFFICE INTEREST RATES
DATED 01.07.2023 : . The interest rates on some small savings schemes for the ensuing quarter from July 2023 to September 2023
The new rates are
1. The Public Provident Fund : 7.1 % pa ( No change )
2. Kisan Vikas Patra ( KVP ) : 7.5 % pa ( No change )
3 . The 5 Year National savings Certificates ( NSC ) : 7.70 % pa ( No change )
4. Sukanya Samruddhi Account : 8.00 % pa ( No change )
5. Senior Citizen Scheme : 8.20 % . pa ( No change )
6. Monthly Income scheme : 7.4 % pa ( No change )
7. Term Deposits : For the period 1 year :6.9 % pa (Earlier 6.8 % )
For the period 2 years : 7.0 % ( Earlier 6.9 % )
For the period 3 years : 7.00 % ( No change )
5 year term deposit : 7.50 % pa ( No change )
5 year Recurring Deposit : 6.5 % pa ( Earlier 6.2 % )
To know about various post office small savings schemes , CLICK HERE
To check interest rates offered by Banks in India , CLICK HERE
EPF INTEREST RATE MARGINALLY HIKED :
Dated 29.03.2023 : The Central Board of Trustees , Employees Provident Fund Organization ( EPFO ) has recommended 8.15 % annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2022-23. The interest rate would be officially notified in the government gazette after approval of Ministry of Finance, following which EPFO would credit the rate of interest into its subscribers’ accounts.
In the previous year , interest rate fixed was 8.10 % for the FY 2021-22 and now there is a marginal increase of 0.05 % pa for FY 2022-23 . .
The Board of EPF distributes more than Rs. 90,000 crores in the members’ account on the total principal amount of about Rs 11 lakh crores which was Rs 77,424.84 crores and Rs 9.56 lakh crores respectively in the FY 2021-22.
Dated 29.03.2023 : The Central Board of Trustees , Employees Provident Fund Organization ( EPFO ) has recommended 8.15 % annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2022-23. The interest rate would be officially notified in the government gazette after approval of Ministry of Finance, following which EPFO would credit the rate of interest into its subscribers’ accounts.
In the previous year , interest rate fixed was 8.10 % for the FY 2021-22 and now there is a marginal increase of 0.05 % pa for FY 2022-23 . .
The Board of EPF distributes more than Rs. 90,000 crores in the members’ account on the total principal amount of about Rs 11 lakh crores which was Rs 77,424.84 crores and Rs 9.56 lakh crores respectively in the FY 2021-22.
NEWS ALERT DATED 08.02.2023 : REPO RATE ENHANCED BY 0.25 % TODAY
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.25 % to 6.50 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.75 per cent , as per RBI'S announcement .
RBI told that These decisions were in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
Among the MPC members , . Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to increase the policy repo rate by 25 basis points. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted against the repo rate hike.
Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted against this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.25 % to 6.50 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.75 per cent , as per RBI'S announcement .
RBI told that These decisions were in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
Among the MPC members , . Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to increase the policy repo rate by 25 basis points. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted against the repo rate hike.
Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted against this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
INTEREST RATE OF POST OFFICE
SMALL SAVINGS TERM INTEREST RATES HIKED FOR SELECT SCHEMES
POST OFFICE INTEREST RATES
DATED 30.12.2022 : . The interest rates on some small savings schemes hiked up to 1.10 % and others remain same as present for the ensuing quarter from January 2023 to March 2023
The new rates are
1. The Public Provident Fund : 7.1 % pa ( No change )
2. Kisan Vikas Patra ( KVP ) : 7.2 % pa ( Earlier 7.00 % )
3 . The 5 Year National savings Certificates ( NSC ) : 7.00 % pa (Earlier 6.8 % )
4. Sukanya Samruddhi Account : 7.6 % pa ( No change )
5. Senior Citizen Scheme : 8.0 % . pa ( Earlier 7.6 % )
6. Monthly Income scheme : 7.1 % pa ( Earlier 6.7 % )
7. Term Deposits : For the period 1 year :6.6 % pa (Earlier 5.5 % )
For the period 2 years : 6.8 % ( Earlier 5.7 % )
For he period 3 years : 6.9 % ( Earlier 5.8 % )
5 year term deposit : 7.0 % pa ( Earlier 6.7 % )
5 year Recurring Deposit : 5.8 % pa ( No change )
For Ministry of Finance Office Memorandum dated 30.12.2022 CLICK HERE
To know about various post office small savings schemes , CLICK HERE
To check interest rates offered by Banks in India , CLICK HERE
POST OFFICE INTEREST RATES
DATED 30.12.2022 : . The interest rates on some small savings schemes hiked up to 1.10 % and others remain same as present for the ensuing quarter from January 2023 to March 2023
The new rates are
1. The Public Provident Fund : 7.1 % pa ( No change )
2. Kisan Vikas Patra ( KVP ) : 7.2 % pa ( Earlier 7.00 % )
3 . The 5 Year National savings Certificates ( NSC ) : 7.00 % pa (Earlier 6.8 % )
4. Sukanya Samruddhi Account : 7.6 % pa ( No change )
5. Senior Citizen Scheme : 8.0 % . pa ( Earlier 7.6 % )
6. Monthly Income scheme : 7.1 % pa ( Earlier 6.7 % )
7. Term Deposits : For the period 1 year :6.6 % pa (Earlier 5.5 % )
For the period 2 years : 6.8 % ( Earlier 5.7 % )
For he period 3 years : 6.9 % ( Earlier 5.8 % )
5 year term deposit : 7.0 % pa ( Earlier 6.7 % )
5 year Recurring Deposit : 5.8 % pa ( No change )
For Ministry of Finance Office Memorandum dated 30.12.2022 CLICK HERE
To know about various post office small savings schemes , CLICK HERE
To check interest rates offered by Banks in India , CLICK HERE
LATEST NEWS ON INTEREST RATE CHANGES
NEWS ALERT DATED 07.12.2022 : REPO RATE ENHANCED BY 0.35 % TODAY
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.35 % to 6.25 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 6.00 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.50 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
Among the MPC members , Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to increase the policy repo rate by 35 basis points. Prof. Jayanth R. Varma voted against the repo rate hike.
. Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted against this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.35 % to 6.25 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 6.00 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.50 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
Among the MPC members , Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to increase the policy repo rate by 35 basis points. Prof. Jayanth R. Varma voted against the repo rate hike.
. Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted against this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
NEWS ALERT DATED 30.09.2022 : REPO RATE ENHANCED BY 0.50 % TODAY
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.50 % to 5.90 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 5.65 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.15 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. These decisions are in consonance with the objective of RBI for achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
Among the MPC members , Dr. Shashanka Bhide, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to increase the policy repo rate by 50 basis points. Dr. Ashima Goyal voted to increase the repo rate by 35 basis points.
Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. Prof. Jayanth R. Varma voted against this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.50 % to 5.90 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 5.65 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.15 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. These decisions are in consonance with the objective of RBI for achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
Among the MPC members , Dr. Shashanka Bhide, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to increase the policy repo rate by 50 basis points. Dr. Ashima Goyal voted to increase the repo rate by 35 basis points.
Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. Prof. Jayanth R. Varma voted against this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
NEWS ALERT DATED 05.08.2022 : REPO RATE ENHANCED BY 0.50 % TODAY
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.50 % to 5.40 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 5.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 5.65 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.These decisions are in consonance with the objective of achieving the mediumterm target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to increase the policy repo rate by 50 basis points to 5.40 per cent.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.50 % to 5.40 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 5.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 5.65 per cent , as per RBI'S announcement .
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.These decisions are in consonance with the objective of achieving the mediumterm target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to increase the policy repo rate by 50 basis points to 5.40 per cent.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
NEWS ALERT DATED 08.06.2022 : REPO RATE ENHANCED BY 0.50 % TODAY
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.50 % to 4.90 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 4.65 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 5.15 per cent , as per RBI'S announcement .
• The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. These decisions are in consonance with the objective of achieving the mediumterm target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to increase the policy repo rate by 50 basis points to 4.90 per cent.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.50 % to 4.90 % in today's Bi-monthly MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 4.65 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 5.15 per cent , as per RBI'S announcement .
• The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. These decisions are in consonance with the objective of achieving the mediumterm target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to increase the policy repo rate by 50 basis points to 4.90 per cent.
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
NEWS ALERT DATED 04.05.2022 : REPO RATE ENHANCED BY 0.40 %
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.40 % to 4.40 % in today's specially held MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 4.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 4.65 per cent , as per RBI'S announcement .
Further RBI has decided to increase the Cash Reserve Ratio (CRR) of all banks by 50 basis points from 4.00 percent to 4.50 percent of their Net Demand and Time Liabilities (NDTL), effective from the reporting fortnight beginning May 21, 2022.
The MPC also decided to remain accommodative while focusing on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
These decisions are in consonance with the objective of RBI for achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Mridul K. Saggar, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted on the decision to revise repo Rate .
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
The Reserve Bank of India announced today that Repo rate under the liquidity adjustment facility (LAF ) is increased by 0.40 % to 4.40 % in today's specially held MPC meeting . The standing deposit facility (SDF) rate stands adjusted to 4.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 4.65 per cent , as per RBI'S announcement .
Further RBI has decided to increase the Cash Reserve Ratio (CRR) of all banks by 50 basis points from 4.00 percent to 4.50 percent of their Net Demand and Time Liabilities (NDTL), effective from the reporting fortnight beginning May 21, 2022.
The MPC also decided to remain accommodative while focusing on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
These decisions are in consonance with the objective of RBI for achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Mridul K. Saggar, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted on the decision to revise repo Rate .
To read RBI PRESS RELEASE , CLICK HERE
To know the effects of RBI'S Repo rate hike , CLICK HERE
NEWS ALERT DATED 08.04.2022 : NO CHANGE IN REPO RATE , REVERSE REPO REPLACED BY SDF / FRRR
The Reserve Bank of India announced today that Repo rate is left unchanged at 4.00 % in today's concluded MPC meeting . Marginal Standing Facility ( MSF ) and Bank rate also continue at 4.25 % . The standing deposit facility (SDF) rate, which will now be the floor of the LAF corridor, will be at 3.75 per cent.
RBI has decided to institute the SDF with an interest rate of 3.75 per cent with immediate effect. The SDF will replace the fixed rate reverse repo (FRRR) as the floor of the LAF corridor. Both the standing facilities viz., the MSF and the SDF will be available on all days of the week, throughout the year.
The fixed rate reverse repo (FRRR) rate is retained at 3.35 per cent. It will remain as part of the RBI’s toolkit and its operation will be at the discretion of the RBI for purposes specified from time to time. The FRRR along with the SDF will impart flexibility to the RBI’s liquidity management framework.
The MPC also decided to remain accommodative while focusing on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
These decisions are in consonance with the objective of RBI for achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Mridul K. Saggar, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to keep the policy repo rate at 4.0 per cent.
To read RBI PRESS RELEASE , CLICK HERE
The Reserve Bank of India announced today that Repo rate is left unchanged at 4.00 % in today's concluded MPC meeting . Marginal Standing Facility ( MSF ) and Bank rate also continue at 4.25 % . The standing deposit facility (SDF) rate, which will now be the floor of the LAF corridor, will be at 3.75 per cent.
RBI has decided to institute the SDF with an interest rate of 3.75 per cent with immediate effect. The SDF will replace the fixed rate reverse repo (FRRR) as the floor of the LAF corridor. Both the standing facilities viz., the MSF and the SDF will be available on all days of the week, throughout the year.
The fixed rate reverse repo (FRRR) rate is retained at 3.35 per cent. It will remain as part of the RBI’s toolkit and its operation will be at the discretion of the RBI for purposes specified from time to time. The FRRR along with the SDF will impart flexibility to the RBI’s liquidity management framework.
The MPC also decided to remain accommodative while focusing on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
These decisions are in consonance with the objective of RBI for achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Mridul K. Saggar, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to keep the policy repo rate at 4.0 per cent.
To read RBI PRESS RELEASE , CLICK HERE
SMALL SAVINGS TERM INTEREST RATES WILL REMAIN SAME
POST OFFICE INTEREST RATES
DATED 01.04.2022 : . The interest rates on various small savings schemes remain same as present for the ensuing quarter from April 2022 to June 2022
The present rates that are continuing from June 2000 and are
1. The Public Provident Fund : 7.1 % pa
2. Kisan Vikas Patra ( KVP ) : 6.9 % pa
3 . The 5 Year National savings Certificates ( NSC ) : 6.8 % pa
4. Sukanya Samruddhi Account : 7.6 % pa
5. Senior Citizen Scheme : 7.4 % . pa
6. Monthly Income scheme : 6.6 % pa
7. Term Deposits : For period 1 to 3 years :5.5 % pa
5 year term deposit : 6.7 % pa
5 year Recurring Deposit : 5.8 % pa
For Ministry of Finance Office Memorandum dated 31.03.2022 CLICK HERE
To know about various post office small savings schemes , CLICK HERE
To check interest rates offered by Banks in India , CLICK HERE
POST OFFICE INTEREST RATES
DATED 01.04.2022 : . The interest rates on various small savings schemes remain same as present for the ensuing quarter from April 2022 to June 2022
The present rates that are continuing from June 2000 and are
1. The Public Provident Fund : 7.1 % pa
2. Kisan Vikas Patra ( KVP ) : 6.9 % pa
3 . The 5 Year National savings Certificates ( NSC ) : 6.8 % pa
4. Sukanya Samruddhi Account : 7.6 % pa
5. Senior Citizen Scheme : 7.4 % . pa
6. Monthly Income scheme : 6.6 % pa
7. Term Deposits : For period 1 to 3 years :5.5 % pa
5 year term deposit : 6.7 % pa
5 year Recurring Deposit : 5.8 % pa
For Ministry of Finance Office Memorandum dated 31.03.2022 CLICK HERE
To know about various post office small savings schemes , CLICK HERE
To check interest rates offered by Banks in India , CLICK HERE
NEWS ALERT DATED 10.02.2022 : NO CHANGE IN REPO AND REVERSE REPO RATES
The Reserve Bank of India announced today that Repo rate is left unchanged at 4.00 % in today's concluded MPC meeting . The Reverse Repo rate also continues at 3.35 % . Marginal Standing Facility ( MSF ) and Bank rate also continue at 4.25 % .
The MPC ( Monetary Policy Committee of RBI ) also decided to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward.
These decisions are in consonance with the objective of RBI for achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Mridul K. Saggar, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to keep the policy repo rate unchanged at 4.0 per cent.
All members, namely, Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Mridul K. Saggar, Dr. Michael Debabrata Patra and Shri Shaktikanta Das, except Prof. Jayanth R. Varma, voted to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. Prof. Jayanth R. Varma expressed reservations on this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
The Reserve Bank of India announced today that Repo rate is left unchanged at 4.00 % in today's concluded MPC meeting . The Reverse Repo rate also continues at 3.35 % . Marginal Standing Facility ( MSF ) and Bank rate also continue at 4.25 % .
The MPC ( Monetary Policy Committee of RBI ) also decided to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward.
These decisions are in consonance with the objective of RBI for achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
All members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma, Dr. Mridul K. Saggar, Dr. Michael Debabrata Patra and Shri Shaktikanta Das – unanimously voted to keep the policy repo rate unchanged at 4.0 per cent.
All members, namely, Dr. Shashanka Bhide, Dr. Ashima Goyal, Dr. Mridul K. Saggar, Dr. Michael Debabrata Patra and Shri Shaktikanta Das, except Prof. Jayanth R. Varma, voted to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. Prof. Jayanth R. Varma expressed reservations on this part of the resolution.
To read RBI PRESS RELEASE , CLICK HERE
ARTICLES ON
SMALL FINANCE BANKS PAYMENT BANKS
UNIFIED PAYMENT INTERFACE BHARAT BILL PAYMENT SYSTEM
BHIM APP AADHAR
e-INSURANCE Account ( eIA ) SWIFT
SMALL FINANCE BANKS PAYMENT BANKS
UNIFIED PAYMENT INTERFACE BHARAT BILL PAYMENT SYSTEM
BHIM APP AADHAR
e-INSURANCE Account ( eIA ) SWIFT
TO KNOW ABOUT VARIOUS FIXED INCOME PRODUCTS LIKE PPF , BANK FIXED DEPOSITS , NSC , KVP , CLICK HERE .
FOR READING THE ARTICLE "TAX ON RETIREMENT BENEFITS " , CLICK HERE
FOR TAX RATES , AND REBATES AVAILABLE FOR FY 2016-17 , CLICK HERE
PRECAUTIONS TO BE TAKEN WHILE INVESTING STOCK MARKETS , CLICK HERE
FINANCIAL PLANNING FOR YOUNG , CLICK HERE
HOW TO LINK AADHAR WITH PAN ? CLICK HERE
FOR READING THE ARTICLE "TAX ON RETIREMENT BENEFITS " , CLICK HERE
FOR TAX RATES , AND REBATES AVAILABLE FOR FY 2016-17 , CLICK HERE
PRECAUTIONS TO BE TAKEN WHILE INVESTING STOCK MARKETS , CLICK HERE
FINANCIAL PLANNING FOR YOUNG , CLICK HERE
HOW TO LINK AADHAR WITH PAN ? CLICK HERE
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