The Reserve Bank of India (RBI) on October 07, 2026, notified regarding the Penal Interest on shortfall in CRR and SLR requirements - Change in Bank Rate.
RBI has revised the Bank Rate from 5.50% to 5.75% with immediate effect, as announced in the Monetary Policy Statement dated October 7, 2026. Consequently, penal interest rates on shortfalls in CRR and SLR requirements linked to the Bank Rate have increased from 8.50% to 8.75% (Bank Rate + 3%) and from 10.50% to 10.75% (Bank Rate + 5%), depending on the duration of the shortfall.
[Notification No. - RBI/2026-27/283 DoR.RET.REC.239/12.01.001/2026-27]
