RBI issued a notification regarding the Change in Bank Rate

Feb 09, 2025 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Reserve Bank of India (RBI) on February 07, 2025, issued a notification regarding the Change in Bank Rate.

The Bank Rate is revised downwards by 25 basis points from 6.75 per cent to 6.50 per cent with immediate effect.

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. 

[Notification No. RBI/2024-25/111 DoR.RET.REC.57/12.01.001/2024-25]

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