How is MSF calculated?

By IndianMoney , 9 months ago
1. The daily limit for repo borrowing is 0.25% of the NDTL. In the case MSF, banks can borrow funds up to one percent of their NDTL, at a rate of one percent higher than the repo rate. 2. The rate of interest and amount of borrowing can change depending upon the monetary policy decisions by the RBI.