October 2024

Section 113 – Code of Criminal Procedure, 1973

CODE OF CRIMINAL PROCEDURE, 1973 / /

Summons or warrant in case of person not so present If such person is not present in Court, the Magistrate shall issue a summons requiring him to appear, or, when such person is in custody, a warrant directing the officer in whose custody he is to bring him before the Court : Provided that whenever it appears to such Magistrate, upon the report of a police officer or upon other information (the substance of which report or information shall be recorded by the Magistrate), that there is reason to fear the commission of a breach of the peace, and that such breach of the peace cannot be prevented otherwise than by the immediate arrest of such person, the Magistrate may at any time issue a warrant for his arrest.

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APGLI Bond

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The scheme was set up by the late Nizam of the State of Hyderabad in 1907 for the well being of his employees. This was initially run by a Management Committee under the name Family Pension Fund. In the year 1913, it was renamed as Hyderabad State Life Insurance Fund. The name was finalized as Andhra Pradesh Life Insurance Fund after the formation of the State of Andhra Pradesh. Currently APGLI is managed by the Andhra Pradesh Government Life Insurance Department. APGLI Andhra Pradesh Government Life Insurance (APGLI) is considered to be one of the oldest departments in the State that focuses on the Social Security Measure for the welfare of the Government employees. Government Employees in Andhra Pradesh can subscribe to APGLI bond, which has various benefits as under: APGLI Policy Bonds do not lapse. The premium rates are low. APGLI premium is exempted from income tax under Section 80C. There are very attractive bonus rates. Loan can be availed upto 90% of surrender value of APGLI bond policy. State Government employees can contribute maximum premium upto 20% of the basic pay, irrespective of slab rates. Insurable age has been increased to 53. The total Sum Assured and Bonus till Date of maturity are paid to the policyholder when there is a maturity of the policy. The subscriber will be paid Surrender value and the eligible Bonus when the policyholder steps down as a Government employee and surrenders the policy by discounting the payment of Premium. In case of Death of the policyholder before the maturity of the policy, the legal heirs will be paid the full Sum Assured along with Bonus till the date of his demise. Municipal Employees including Municipal Teachers can enroll for APGLI Bond. Functions Issue of Policies. Posting of Schedule Premiums. Sanction of Loans. Settlement of Claims. Issue of APGLI Policy Bond The Government employee after deduction of the first premium needs to complete and submit a proposal which has to be signed by the DDO/ Head of Office. Further, the policyholder has to submit proposal even for issue of second or subsequent policies. APGLI Bond Premium Pay Slabs (In Rupees)   Compulsory Premium Rate (In Rupees) 6700-8440 250 8441-10900 350 10901-14860 450 14861-18030 600 18031-25600 750 25601 and above 1000 APGLI Bond Payment To make payment, use the Head of the Account of APGLI Department: 8011-105-01. Major Head 8011 – Insurance and Pension Funds. MH 105 – State Government Insurance Fund. SH (01) – Andhra Pradesh State Government Life Insurance Fund. The premium is recovered at source in the salary bills of the employees and the details are sent through schedules. The employees whose salaries are not paid through Treasury/PAO and who have to pay the premium through Challan have to credit the premium to the above head of the account. Its important to know that if premium payment is made without submission of proposal form, there would be a risk of not getting any coverage or monetary benefit, as such payments will be treated as unauthorized amounts which will be refunded on application without any interest or bonus. Hence, before making any payments towards an APGLI Bond policy, contact the concerned District Insurance Office. Those employees who are above 53years are not allowed to take APGLI policy. Proposals submitted by employees who are above 53years will not be taken into consideration in issuing policies. FAQs Who is eligible for the APGLI scheme? All regular employees of the Andhra Pradesh state government, including those in teaching, non-teaching, and police departments, are eligible to enroll in the APGLI scheme. Membership is mandatory for employees under 45 years of age. How do I apply for an APGLI Bond? Employees can apply through the official APGLI website or their respective department by submitting an application along with required documents like age proof, identity proof, and employment details.

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Jan Yojana Abhiyan

Government Schemes / /
Jan Yojana Abhiyan

PM JANMAN is a government scheme that aims to bring tribal communities into the mainstream. The scheme (comprising Central Sector and Centrally Sponsored Schemes) will be implemented by the Ministry of Tribal Affairs, in collaboration with the State governments and the PVTG communities. The scheme will concentrate on 11 critical interventions overseen by 9 line Ministries, ensuring the implementation of existing schemes in villages inhabited by PVTGs. It encompasses various sectors, including safe housing under the PM-AWAS Scheme, access to clean drinking water, improved healthcare, education, nutrition, road and telecommunications connectivity, as well as opportunities for sustainable livelihoods. The plan also includes the establishment of Van Dhan Vikas Kendras for trading in forest produce, off-grid solar power systems for 1 lakh households, and solar street lights. The scheme is expected to enhance the quality of life and well-being of the PVTGs, by addressing their multiple and intersecting forms of discrimination and exclusion, and by recognizing and valuing their unique and valuable contribution to national and global development.. About Jan Yojana Abhiyan It is themed as ‘Sabki Yojana Sabka Vikas’, launched for preparation of Gram Panchayat Development Plans (GPDPs) for 2025–26.As part of this campaign, special Gram Sabhas are being organized in over 2.55 lakh Gram Panchayats.Aim: Strengthening grassroots democracy and promotinginclusive development in Grameen Bharat.Significance: Empower rural citizens to take an active role inshaping the future of their villages. Challenges in Implementation Lack of current data on PVTGs is a significant challenge, as the last available census data for PVTGs is from 2001, which counted a total of around 27.6 lakh individuals belonging to these communities. The Ministry of Tribal Affairs has started conducting baseline surveys, but an accurate and current dataset of PVTG populations is yet to be compiled. The population data submitted to the Parliamentary Standing Committee on Social Justice and Empowerment in 2022 was based on the 2011 Census and did not include the population of PVTGs in Maharashtra, Manipur, and Rajasthan. The lack of current data hampers the accurate assessment of the needs and progress of PVTG communities. The absence of a specific Census for PVTG communities, as recommended by the National Advisory Council in 2013, further adds to the challenge of gathering comprehensive information on their education, health, and housing status. The complexity and diversity of the needs and capacities of the PVTGs across different regions and states and the need for customized and flexible approaches and interventions. The stigma and discrimination faced by the PVTGs in mainstream society and the state and the need for sensitization and awareness among the stakeholders and the public. The coordination and convergence of the scheme with the existing schemes and programmes of the central and state governments and the need for effective and efficient delivery and utilization of the resources and services. Who are Particularly Vulnerable Tribal Groups (PVTGs)? In 1973, the Dhebar Commission established Primitive Tribal Groups (PTGs) as a distinct category, encompassing tribal communities characterized by a declining or stagnant population, the use of pre-agrarian technology, economic backwardness, and low literacy. These groups are identified as less developed among the tribal communities. In 2006, the Government of India renamed the PTGs as PVTGs. They reside in remote and inaccessible areas, facing challenges due to poor infrastructure and administrative support. There are 75 PVTG communities spread across 18 States and Union Territories in India. Odisha has the highest number of PVTGs (15), followed by Andhra Pradesh (12), Bihar and Jharkhand (9), Madhya Pradesh and Chhattisgarh (7), Tamil Nadu (6), and Kerala and Gujarat (5 each). The rest of the communities are spread across Maharashtra, West Bengal, Karnataka, Uttarakhand, Rajasthan, Tripura, and Manipur. All four tribal groups in the Andaman and one in the Nicobar Islands are recognized as PVTGs. FAQs Who can participate in the Jan Yojana Abhiyan? All Indian citizens, especially those from underprivileged or rural backgrounds, are encouraged to participate. The Abhiyan focuses on spreading information and benefits to individuals who may not be aware of available government schemes. What are the key focus areas of Jan Yojana Abhiyan? The Abhiyan covers a range of sectors, including health, education, financial inclusion, agriculture, and women empowerment. It aims to ensure access to benefits from flagship schemes like the Pradhan Mantri Jan Dhan Yojana, Ayushman Bharat, and other social welfare

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UAN

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Every employee who makes EPF contributions is given a 12-digit number called the Universal Account Number (UAN). The Employee Provident Fund Organisation (EPFO) creates and then distributes UANs.    What is UAN? The Universal Account Number (UAN) is a 12-digit unique number assigned to every employee contributing to the EPF. It is generated and allotted by the Employees’ Provident Fund Organisation (EPFO) and authenticated by the Ministry of Labour and Employment, Government of India. An employee’s UAN remains the same throughout his/her work life, irrespective of the number of job changes.  Every time an employee switches his/her job, EPFO allot a new member identification number or EPF Account (ID) linked to the UAN. As an employee, one can request a new member ID by submitting the UAN to the new employer. Once the member ID is created, it gets linked to the employee’s UAN. Hence, the UAN will act as an umbrella for the multiple member IDs allotted to the employee by different employers.  The UAN remains the same and portable throughout the life of an employee. The employee shall have a different member ID when switching between jobs. All such member IDs are linked to the employee’s UAN to ease the process of EPF transfers and withdrawals. Features of UAN UAN helps to centralise employee data in the country. It reduces the burden of employee verification by the EPF organisation from companies and employers. It is useful for EPFO to track multiple job switches of the employee. Untimely and early EPF withdrawals have reduced considerably with the introduction of UAN. Many PF e-services can be accessed through UAN, such as: Viewing and downloading the PF passbook. Get details of the organisations, such as organisation name, date of joining and Employee’s Pension Scheme (EPS) details. Download the UAN card. Update KYC details. Update basic details. Apply for PF or EPS withdrawal. Merge two member IDs. Track EPF claim status. Why is UAN Important? All Employee Provident Fund (EPF)-related services are now provided online as a result of the digitization of EPF operations. It is crucial to have a UAN in order to access EPF information and services. Employees can easily and quickly complete a variety of EPF-related tasks online using the UAN, including EPF withdrawal, EPF transfer from one account to another, checking EPF account statement, getting access to EPF account passbook, and asking for a loan against EPF.  Advantages of UAN to Employees Every new PF account created when joining a new job or company will come under the umbrella of a single unified account. It is easy to withdraw (fully or partially) PF online with the UAN. You can check the PF balance of all your EPF accounts in a single place. You can view and download the EPF passbook online, which contains the details of EPF contributions, EPS contributions and PF interest credit. You can transfer or merge old EPF accounts to the current EPF account online.  You can download your PF statement online from anywhere at your convenience.  You can also check your EPFO claim status online by logging into the EPF member portal using your UAN. How to get the UAN The two methods that employees can use to find their UAN are mentioned below: Through the employer: Employees can find out their UAN by asking their employers. The UAN can also be found on the salary slip of the employees as well. By using the Member ID on the UAN portal: In case employees are unable to get the UAN from the employer, they can use the UAN portal to get their UAN. The below-mentioned procedure must be followed for employees to get the UAN on the portal:Step 1: The first step would be to visit the UAN portal (https://unifiedportal-mem.epfindia.gov.in/memberinterface/).Step 2: Next, the member must click on ‘Know Your UAN Status‘. Step 3: On the next page, the employee must enter all the details required such as the state and EPFO office, name, date of birth, and captcha. Step 4: After entering all the above details, the member must click on ‘Get Authorization Pin‘. Step 5: The member will receive the PIN on the registered mobile number. The next step would be to click on ‘Validate OTP and get UAN‘ after entering the PIN. Step 6: The member will receive the UAN on his/her registered mobile number. UAN Activation Step 1: Initially, the individual must visit the EPFO portal (https://www.epfindia.gov.in/site_en/). Step 2: Next, the individual must click on ‘For Employees‘ which can be found under the ‘Our Services‘ tab. Step 3: On the next page, the employee must click on ‘Member UAN/Online Services (OCS/OTCP)‘ which can be found under the ‘Services‘ section. Step 4: On the next page, the employee must click on ‘Activate UAN‘. Step 5: On the next page, individuals must enter their UAN, name, date of birth, mobile number, email ID, and captcha details. Next, individuals must click on ‘Get Authorization Pin‘. Step 6: Individuals will receive an OTP on their mobile numbers. Step 7: Next, the individual must click on ‘Validate OTP and Activate UAN‘ after entering the OTP and checking the disclaimer box. Step 8: Individuals will receive their UAN and password on their registered mobile numbers. They will need to use these details to log in to the EPFO portal. How to Login to the EPFO Portal using UAN? After activating your UAN and receiving the password on your mobile number, you can log in to the UAN or EPFO Member e-Sewa Portal and access online PF services. Follow the below steps to log in to the EPFO account: Step 1: Visit the EPFO/ UAN portal. Step 2: Enter the UAN and password you received on your mobile number. Step 3: Enter the captcha code and click on ‘Sign In’. Step 4: Once you log in, you can reset your password. FAQs What is a UAN card and what information does it contain? he UAN card has an employee’s UAN number. The front side of the card displays a photo and KYC (in case the KYC documents are verified by the employer). The backside of the card has the latest five-member IDs along with contact details of the EPF helpdesk. What is the login

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Trademark Class 36

Trademark Classes / /

Class 36 of a trademark includes services such as insurance, financial affairs, monetary affairs, and real estate. This class, therefore, covers all types of financial services involved in keeping the insured persons or property safe, such as banking and investments, and management of real estate. By registering Class 36, you are ensuring that exclusive rights to your brand in the financial and insurance services field are maintained. It safeguards your services ranging from insurance policies, financial management, to actual transactions in real estate that do not infringe to ensure your brand is unique within both domestic and international markets. For a financial services and real estate business, class 36 protection is particularly important so that competitors are prevented from using your brand name. Class 36 protection allows you to stake your claim in a given market through emphasis on the availability of such services as financial advisory, accounting, and financial management. Renewable protection every 10 years means Class 36 provides continued legal security, so that your brand stays protected and recognised for generations to come. Trademark Class 36 The following services are also classified under Class 36: Services of all the banking establishments, or institutions connected with them such as exchange brokers or clearing services; Services of credit institutions other than banks such as co-operative credit associations, individual financial companies, lenders, etc.; Services of “investment trusts,” of holding companies; Services of brokers dealing in shares and property; Services connected with monetary affairs vouched for by trustees; Services rendered in connection with the issue of travellers’ cheques and letters of credit; Hire- or lease-purchase financing; Services of realty administrators of buildings, i.e., services of letting or valuation, or financing; Services dealing with insurance such as services rendered by agents or brokers engaged in insurance, services rendered to insured, and insurance underwriting services. Comprehensive list of services classified under Trademark Class 36 The following services must be classified under Trademark Class 36: accident insurance underwriting accommodation bureaux [apartments] actuarial services antique appraisal apartment house management rental of apartments art appraisal banking brokerage* brokerage of carbon credits business liquidation services, financial capital investment charitable fund raising check [cheque] verification clearing, financial / clearing-houses, financial credit bureaux credit card services issuance of credit cards customs brokerage debit card services debt collection agencies debt advisory services deposits of valuables electronic funds transfer exchanging money factoring arranging finance for construction projects financial evaluation [insurance, banking, real estate] financial management financial analysis financial consultancy financial information financial sponsorship financial evaluation of standing timber / financial valuation of standing timber financial evaluation of wool / financial valuation of wool providing financial information via a web site financial management of reimbursement payments for others financing services fire insurance underwriting fiscal assessments / fiscal valuations health insurance underwriting hire-purchase financing / lease-purchase financing instalment loans insurance brokerage insurance underwriting insurance consultancy insurance information investment of funds jewellery [jewelry (Am.)] appraisal / jewellery appraisal / jewelry appraisal leasing of real estate leasing of farms lending against security life insurance underwriting loans [financing] marine insurance underwriting mortgage banking mutual funds numismatic appraisal rental of offices [real estate] online banking organization of collections pawnbrokerage provident fund services real estate agencies real estate brokerage real estate appraisal real estate management rent collection repair costs evaluation [financial appraisal] retirement payment services safe deposit services savings bank services securities brokerage stamp appraisal stock exchange quotations stock brokerage services stocks and bonds brokerage surety services / bail-bonding / guarantees issuance of tokens of value issuance of travellers’ cheques / issuance of travelers’ checks trusteeship / fiduciary FAQs Can a business in the real estate sector register a trademark under Class 36? Yes, businesses involved in real estate services, such as property management, leasing, and real estate consultancy, can register their trademarks under Class 36. Is it necessary to specify the services when registering a trademark in Class 36? Yes, when applying for a trademark in Class 36, it’s essential to specify the particular financial or monetary services offered, as this will define the scope of protection.

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Women Empowerment Quotes for Women Entrepreneurs

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Women Empowerment Quotes for Women Entrepreneurs

Women’s Entrepreneurship Day is globally celebrated on November 19 every year to promote entrepreneurship among women and to recognise their contributions in the business world. 1. Oprah Winfrey: “Follow your passion — and if you don’t know what it is, realize that one reason for your existence on earth is to find it.” 2. Sheryl Sandberg, COO at Facebook: “I want every little girl who’s been told she’s bossy to be told again she has leadership skills. 3. Anita Roddick, founder of The Body Shop: “Nobody talks about entrepreneurship as a survival, but that’s exactly what it is and what nurtures creative thinking. Running that first shop taught me business is not financial science; it’s about trading: buying and selling.” 4. Arianna Huffington, co-founder of Huffington Post: “Don’t just climb the ladder of success – a ladder that leads, after all, to higher and higher levels of stress and burnout – but chart a new path to success, remaking it in a way that includes well-being, wisdom, wonder, and giving, so that the goal is not just to succeed but to thrive.” 5. Anne Wojcicki, CEO of YouTube: “If you want to change this world, this community we all live in, then get up and do it. And just start something.” 6. Ngozi Okonjo-Iweala, director-general of World Trade Organization: “Investing in women is smart economics, and investing in girls, catching them upstream is even smarter economics.” 7. Estée Lauder: “I never dreamed about success. I worked for it.” 8. Marissa Meyer, CEO, Yahoo!: “Find the smartest people you can and surround yourself with them.” 9. Himanshu Bhatia, Founder and CEO, Rose International: “As a leader, it’s a major responsibility on your shoulders to practice the behaviour you want others to follow.” 10. Barbara Corcoran, real estate magnate and ‘Shark Tank’ investor: “The difference between successful people and others is how long they spend time feeling sorry for themselves.”

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Rent Receipts

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rent receipts

A house rent receipt acts as a documentary record of your rent payment. A proof that the tenant has paid the rent, the rent receipt is provided by the landlord after collecting the rent. Rent receipt for income tax helps you claim tax benefits. The rent receipt will also act as a legal proof of the rent payment in case of a dispute between the two parties. Why do you need rent receipts? To claim house rent allowance (HRA), the HR department in your office will ask you to submit house rent receipts to your employer before the end of the financial year. Rent receipt for income tax deductions is important. Since most transactions take place online these days, you might be paying your rent through credit card or other online money transfer channels. In any case, you have to collect rent receipts from your landlord to claim HRA deductions. Components of rent receipt Rents receipts must carry the details as under: -Name of the tenant -Name of the landlord -Address of the property -Rent amount -Rent period -Medium of payment (cash, cheque, online payment) -Signature of tenant -Signature of landlord -Revenue stamp* -PAN of landlord** Tax benefits Income tax provisions under which HRA could be claimed- Those living in rented accommodations can avail of HRA exemption to save tax under Section 10 (13A) of the Income-Tax Act, if they are salaried individuals. Self-employed professionals are offered HRA tax deduction under Section 80GG of the law. Extent of tax benefit- Rule 2A of Income-Tax Act, 1962, prescribes the limits up to which you can claim HRA benefits. The limit is the least of the following amounts:*The amount of HRA actually received*The amount of rent paid over 10% of your salary*50% of your salary, in case the accommodation is in four metro cities; 40% of your salary if the rented accommodation in any other city FAQs Why do I need to get a receipt from my landlord? Your employer needs a proof of rent payment to allow exemption on HRA. The employer is required to collect proofs from you before allowing any exemptions & deductions. This is your employer’s responsibility as per the income tax act. Why does my company ask me to submit rent receipt proofs? o allow you exemption on HRA, it is mandatory for the employer to collect proof of rent payment. The employer will give you exemption on HRA based on these rent receipts. Your final tax liability will be calculated accordingly. Your TDS shall be adjusted so you don’t have to pay tax on HRA.

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Yamaha Dealership

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Yamaha Dealership

Yamaha, widely known for world-class products and services, established itself as a global brand for high-quality products and services. It made its foray into the Indian market in 1985 as a joint venture. The company’s manufacturing plants are situated in Faridabad (Haryana), Surajpur (Uttar Pradesh), and Kanchipuram (Tamil Nadu). The infrastructure of these plants supports the production of two-wheelers and its parts for the domestic, as well as the overseas markets. It is highly customer-driven and has a country-wide network of over 2,200 customer touch-points that includes 500 dealers. Dealership Support Yamaha has designed various support groups to advise and guide new entrepreneurs in the business regarding the details of running a dealership. This training and support initiative includes providing knowledge of the brand, stock, and queries. The company also offers marketing support for local and regional advertising to help dealers launch their business in the market and gain immediate profits. The brand also ensures to provide help in selecting a site for the showrooms and includes field assistance as well. Proper training is given to all the crew members and technical workshop staff. It is also given to the sales team concerning product features, customer handling and sales process. The brand offers operational support for the dealership. Technical knowledge and administrative assistance are also offered to the dealer during the term of the agreement. Current IT systems will be a part of the dealership. Dealership Details Area Requirement Yamaha service centre requires a lounge for the customers, a working area, a parking area for bikes, space for display bikes, an office and other related stock. To include all these facilities, the space should be a minimum area of 3000 – 4000 square feet. Cost and investment The cost of starting a Yamaha Dealership is based on the location of the centre. Apart from the variation in land value, the investment amount required to start a dealership will be from INR 50 Lakhs to 70 lakhs. Application Procedure for Yamaha Dealership Step 1: Official Website The applicant should log onto the official Yamaha page. Step 2: Franchise Registration Select ‘Contact Us’ option which is available on the home page of the portal. Step 3: Application Form On the next page, choose “Become a Yamaha Dealer ” option. The application form for the dealership will open up on the screen. Step 4: Complete the Details and Submit Fill up the online dealership application form with the required details and complete the registration. FAQs Do I need to have prior experience in the motorcycle industry to become a Yamaha dealer? While prior experience in the motorcycle or automotive industry can be beneficial, it is not always a strict requirement. Yamaha values a strong business plan and commitment to customer service. What is a Yamaha dealership? A Yamaha dealership is an authorized retail outlet that sells Yamaha products, including motorcycles, ATVs, marine products, and other related accessories. Dealerships also provide servicing and support for these products.

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Repo Rate

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repo rate

The Monetary Policy Committee (MPC) announced on 8 June 2023 that the repo rate was increased by 25 basis points. This makes the current repo rate 6.50%  as of September 18, 2024.  (from the 6.25% that it was earlier). The reverse repo rate stands unchanged at 3.35%.The Bank Rate and the Marginal Standing Facility (MSF) rate has changed to 6.75%.The Standing Deposit Facility Rate is 6.25%. Repo Rate The Repo Rate is the interest rate at which the Reserve Bank of India (RBI) loans money to commercial banks. Repo Rate full form is Repurchase Agreement or Repurchasing Option. Banks obtain loans from the Reserve Bank of India (RBI) by selling qualifying securities. The central bank or RBI and the commercial bank would reach an agreement to repurchase the securities at a set price. When banks are short on funds or need to maintain liquidity under volatile market conditions, this is done. The repo rate is utilized by the RBI to manage inflation. How Does Repo Rate Work? As previously stated, the repo rate is utilized by the Indian central bank to restrict the flow of money in the market. When the market is impacted by inflation, the RBI raises the repo rate. An increased repo rate means that banks borrowing money from the central bank during this period will have to pay more interest. This inhibits banks from borrowing money, reducing the amount of money in the market and helping to negate inflation. In the event of a recession, RBI repo rates are also reduced. What is BPS or Basis Point? Basis points, also referred to as “bps” are a unit of measurement used in finance to express the rate of change in an index or other benchmark or the percentage change in the value of financial instruments. In decimal notation, one basis point is equal to 0.0001 or 0.01% (1/100th of a percent). Current Repo Rate in India The current Repo Rate in India has been fixed at 6.50% as per the announcement made by the government on 8th August 2024. Reserve Bank of India Repo Rate These are the latest Repo Rate and Reverse Repo Rate- Repo Rate Today 6.50% Reverse Repo Rate 3.35% Bank Rate 5.15% Marginal Standing Facility Rate 6.75% Historical Repo Rates from 2024 to 2010 Period – Date Effective from Repo Rates 8th August 2024 6.50% 7th June 2024 6.50% 8th February 2024 6.50% 8th December 2023 6.50% 8th June 2023 6.50% 8 February 2023 6.50% 7 December 2022 6.25% 30 September 2022 5.90% 05 August 2022 5.40% 08 June 2022 4.90% May 2022 4.40% 09 October 2020 4.00% 06 August 2020 4.00% 22 May 2020 4.00% 27 March 2020 4.00% 06 February 2020 5.00% 07 August 2019 5.00% 06 June 2019 6.00% 04 April 2019 6.00% 07 February 2019 6.00% 01 August 2018 7.00% 06 June 2018 6.00% 02 August 2017 6.00% 04 October 2016 6.00% 05 April 2016 7.00% 29 September 2015 7.00% 02 June 2015 7.00% 04 March 2015 8.00% 15 January 2015 8.00% 28 January 2014 8.00% 29 October 2013 7.75% 20 September 2013 7.50% 03 May 2013 7.25% 17 March 2011 6.75% 25 January 2011 6.50% 02 November 2010 6.25% FAQs What is the difference between repo rate and reverse repo rate? The RBI charges a repo rate on the money it lends to commercial banks and other financial institutions while the interest rate that the central bank offers to commercial banks that deposit money in the RBI is the reverse repo rate.Reverse repo rate is never greater than repo rate.Repo rates assist in reducing market inflation.On the other hand,the reverse repo rate aids in regulating the amount of money available in the market. What types of loans are impacted by the reduction or increase in repo rates? A reduction or increase in the repo rate will affect loans like personal,vehicle,home,and gold loans.

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