The rate at which the Reserve Bank of India rediscounts bills of exchange and other commercial paper. Currently aligned with the Marginal Standing Facility rate. Historically used as the key policy rate before the repo rate system.
Last updated: 17 May 2026
The rate at which the Reserve Bank of India rediscounts bills of exchange and other commercial paper. Currently aligned with the Marginal Standing Facility rate. Historically used as the key policy rate before the repo rate system.
Bank Rate is significant under RBI because The rate at which the Reserve Bank of India rediscounts bills of exchange and other commercial paper. Currently aligned with the Marginal Standing Facility rate. Historically used as the key policy rate before the repo rate system.
Bank Rate under RBI applies to companies, professionals, and individuals involved in RBI-related compliance and regulatory matters in India. Specifically: The rate at which the Reserve Bank of India rediscounts bills of exchange and other commercial paper. Currently aligned with the Marginal Standing Fac...