Currently it in 8.5%
Source: RBI Press Release on MMO [21-01-12]
Tribal 638 provider based facility
Open market operation are used by the RBI for long term liquidity adjustment while reverse repo rate (or REPO) are used for short term LAF(liquidity adjustment facility). Now govt. introduced MSF(Marginal standing facility like Treasure Bills) to control short term fluctuation. Repo rate change offers range for Call Money Market, and now repo rates are monitored biweekly basis by RBI.
Marginal Standing Facility
MSF is the rate at which banks can borrow overnight from RBI.This was introduced in the monetary policy of RBI for the year 2011-2012. The MSF is pegged 100bps or a % above the repo rate. Banks can borrow funds through MSF when there is a considerable shortfall of liquidity. This measure has been introduced by RBI to regulate short-term asset liability mismatches more effectively
MSF is the rate at which banks can borrow overnight from RBI.This was introduced in the monetary policy of RBI for the year 2011-2012. The MSF is pegged 100bps or a % above the repo rate. Banks can borrow funds through MSF when there is a considerable shortfall of liquidity. This measure has been introduced by RBI to regulate short-term asset liability mismatches more effectively
Standing order refers to a statement that is provided to a bank. This ensures that bills are paid directly from the account on a regular basis.
That requirement is know as their "standing."
Charge card and credit card offers you a facility to spend a certain amount and at the end of the month you can pay a specific minimum amount and revolve your credit for the next month by paying some interest on the remaining amount that is still to be paid and remains out standing. Charge card offers you a facility that the amount spent will be directly debited from your account and you can not revolve the credit. Charge card is a facility provider which is given to their costomer to make their payment behalf of the costumer
Have a definite injury or interest at stake
There is no single best interest calculator. At the same time, if you have a good standing with your bank, you should only be charged the calculated interest. Take a look at: ncalculators.com/interest/monthly-interest-calculator.htm
standing cimmittees
standing cimmittees