RBI/2015-2016/356
FMOD.MAOG. No.113 /01.18.001/2015-16
April 5, 2016
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Marginal Standing Facility
As announced by the Governor today, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 75 basis points from 7.75 per cent to 7.00 percent with immediate effect.
All other terms and conditions of the current MSF scheme will remain unchanged.
Yours sincerely
(M. Rajeshwar Rao)
Chief General Manager