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Money Market Indicators (In Percentage)

Money Market Indicators (In Percentage)
  2015
Month April May June
Inter-Bank Call Rate 24.24 10.43 10.85
Minimum Rediscount Rate (MRR)
Monetary Policy Rate (MPR) 13.00 13.00 13.00
Treasury Bill Rate 10.23 10.03 9.95
Savings Deposit Rate 3.60 3.60 3.60
1 Month Deposit Rate 8.74 8.79 9.02
3 Months Deposit Rate 8.65 8.93 10.27
6 Months Deposit Rate 8.26 8.56 10.81
12 Months Deposit Rate 6.48 7.18 10.83
Prime Lending rate 15.95 16.08 17.24
Maximum Lending Rate 26.41 26.43 26.84
       

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Note: The Bank replaced MRR with MPR on December 11, 2006

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Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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