RBI/2013-2014/314
FMD.MOAG. No.88/01.18.001/2013-14
October 07, 2013
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Marginal Standing Facility
As announced today, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 50 basis points from 9.50 per cent to 9.00 per cent with immediate effect.
2. All other terms and conditions of the current MSF scheme will remain unchanged.
3. Please acknowledge receipt.
Yours sincerely
(G. Mahalingam)
Principal Chief General Manager
