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BANK RBI NOTIFICATIONS: IMPORTANT TERMS AND ANALYSIS PRESENTED BY SAKSHI PAHWA
OTHER COURSES BY ME Monthly Current Affairs Monthly Banking And Financial Awareness Monthly RBI Notification Mock Questions For Various Bank Exams Such As SBI, IBPS, RBI GRADE B Etc MBA in Marketing and Finance Qualified IBPS PO Follow me on https://unacademy.com/user/ sakshi.pahwa248 Doubt or Feedback in the Comments Section Rate, review, recommend the lesson Practice Questions with Strategies on important topics like Parajumbles, RC, Sentence Connectors, Cloze Test etc.
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Change in Bank Rate The Bank Rate stands adjusted 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, as specified here.
Revised Rate (With immediate effect) Item Existing Rate Penal interest rates on shortfalls in reserve requirements (depending duration of shortfalls) Bank Rate plus 3.0 Bank Rate plus 3.0 percentage points percentage points (9.75 per cent) or Bank (9.50 per cent) or Bank Rateplus5.0 Rate plus 5.0 percentage points percentage points (11.75 per cent) (11.50 per cent)
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