[UPDATED 2025] Current Banking Rates CRR SLR REPO RATE MSF

As of January 27, 2025, the Reserve Bank of India (RBI) has maintained the following key policy rates and ratios:

1. Repo Rate: The repo rate remains at 6.50% per annum. This is the rate at which the RBI lends money to commercial banks. Recent bond purchases by the RBI have led to speculation about a potential rate cut in February 2025.

2. Reverse Repo Rate: The reverse repo rate is unchanged at 3.35% per annum. This rate applies when the RBI borrows funds from commercial banks.

3. Marginal Standing Facility (MSF) Rate:  The MSF rate stands at 6.75% per annum. This facility allows banks to borrow overnight funds from the RBI against approved government securities.

4. Bank Rate:
?The bank rate is also at 6.75% per annum, aligning with the MSF rate. It influences lending rates and serves as a tool for the RBI to control liquidity.

5. Cash Reserve Ratio (CRR):  The CRR has been reduced by 50 basis points to 4.00% of Net Demand and Time Liabilities (NDTL). This reduction aims to ease liquidity in the banking system.

6. Statutory Liquidity Ratio (SLR): The SLR remains at 18.00% per annum. This ratio mandates the minimum percentage of liquid assets that banks must maintain.

7. Base Rate: The base rate, which is the minimum interest rate set by the RBI below which banks are not permitted to lend, is currently in the range of 9.10% to 10.25% per annum.

8. Marginal Cost of Funds-based Lending Rate (MCLR): The overnight MCLR is currently between 8.00% and 8.60% per annum. This rate reflects the marginal cost of funds for banks and influences loan interest rates.

9. Savings Deposit Rate: The interest rate for savings deposits is currently between 2.70% and 3.00% per annum. This rate determines the returns for account holders on their savings deposits.