Axis Bank Alters Its Fixed Deposit Interest Rates: What’s New Now?

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Investment

oi-Vipul Das

|

Axis Bank offers a secure investment scheme dubbed as fixed deposit (FD) for its customers where they can make a fixed amount of deposit starting from Rs 5000 through internet banking or mobile banking and Rs 10,000 through bank branch only for a flexible maturity tenure spanning from 7 days to 10 years. On their deposits, customers will get a competitive and fixed rate of return with a plethora of benefits such as automatic roll-out facility, seamless transfer of funds, hassle-free account opening and managing facility, premature withdrawal facility, reinvestment option, and an option to choose interest rate payout option i.e. quarterly compounding / reinvestment of interest or a quarterly payout of interest or a monthly payout. Besides the said benefits, Axis Bank has recently revised interest rates on its fixed deposits which investors must need to look at before making a personal finance decision.

Eligibility required to open a fixed deposit account at Axis Bank

Eligibility required to open a fixed deposit account at Axis Bank

Individuals and entities listed below are eligible to open a regular fixed deposit account with Axis Bank.

  • Residents
  • Hindu Undivided Families
  • Sole Proprietorship Firms
  • Partnership Firms
  • Limited Companies
  • Trust Accounts

Documents required to open a fixed account at Axis Bank

Documents required to open a fixed account at Axis Bank

While opening a regular fixed deposit account, here are the documents that are required to keep handy according to the official website of Axis Bank:

For individuals, Hindu Undivided Families, and sole proprietorship firms

  • A valid Passport or a valid Driving License
  • An introduction by any other bank or an introduction by an Axis Bank Savings Account holder for the last six months
  • A photograph

For Trusts

  • Copy of the Trust Deed
  • Copy of the Registration Certificate
  • Copy of the Resolution of Trustees authorising the members concerned to open and operate the account
  • Photographs of the members operating the account

For Associations / Clubs

  • Bye-laws of the Association
  • Copy of the Resolution by the board authorising the members concerned to open and operate the account
  • Photographs of the members operating the account

For partnership firms

  • Partnership Deed
  • Letter from partners approving the persons concerned to open and operate the account
  • Photographs of the persons operating the account

How to open a fixed deposit account at Axis Bank?

How to open a fixed deposit account at Axis Bank?

Customers can go through the below 2 ways to open a fixed deposit account online:

Internet banking

  • Visit https://retail.axisbank.co.in/ and sign in to your net banking account using the required credentials such as Login ID, Debit card number or mPIN.
  • Now click on the “Create Fixed Deposit” option and enter the required details.
  • The specified amount will be deducted from your savings account upon confirmation, and your fixed deposit will be opened instantly.
  • Upon successful opening of your fixed deposit account, you will get an online receipt instantly.

Mobile banking

  • Log in to your mobile banking account using the required credentials.
  • Now select the deposit option and select “Open FD”.
  • Now enter the required details and upon submission, the specified amount will be deducted from your savings account, and your fixed deposit will be opened instantly.
  • If you have registered for e-statement, the web receipt of your fixed deposit account will be mailed to your registered e-mail id once it has been established.
  • You can easily manage your fixed deposit account through mobile banking post one working day of deposit booking.

Axis Bank Fixed Deposit Interest Rates

Axis Bank Fixed Deposit Interest Rates

For a deposit amount of less than Rs 2 Cr, here are the most recent interest rates on fixed deposits of Axis Bank which are in force from 23.09.2021.

Period Regular Interest Rates (in % p.a.) Senior citizens interest rates ( in % p.a.)
7 days to 14 days 2.5 2.5
15 days to 29 days 2.5 2.5
30 days to 45 days 3 3
46 days to 60 days 3 3
61 days 3 3
3 months 3.5 3.5
4 months 3.5 3.5
5 months 3.5 3.5
6 months 4.4 4.65
7 months 4.4 4.65
8 months 4.4 4.65
9 months 4.4 4.65
10 months 4.4 4.65
11 months 4.4 4.65
11 months 25 days 4.4 4.65
1 year 5.1 5.75
1 year 5 days 5.15 5.8
1 year 11days 5.1 5.75
1 year 25 days 5.1 5.75
13 months 5.1 5.75
14 months 5.1 5.75
15 months 5.1 5.75
16 months 5.1 5.75
17 months 5.1 5.75
18 months 5.25 5.9
2 years 5.4 6.05
30 months 5.4 6.05
3 years 5.4 6.05
5 years to 10 years 5.75 6.5
Source: Bank Website, W.E.F. 23/09/2021

Story first published: Tuesday, September 28, 2021, 12:21 [IST]



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5 Best Dividend Yield Mutual Funds To Consider In 2021

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UTI Dividend Yield Fund

UTI Dividend Yield Fund Direct-Growth manages a total of 3,177 crores in assets (AUM). The fund’s expense ratio is 1.49 percent. The 1-year returns on UTI Dividend Yield Fund Direct-Growth are 73.55 percent. It has had an average yearly return of 14.68 percent since its inception.

Infosys Ltd., Tech Mahindra Ltd., Mphasis Ltd., Hindustan Unilever Ltd., and ITC Ltd. are the fund’s top five holdings. The program invests primarily in dividend-paying equities and equity-related instruments in order to achieve long-term capital appreciation and income. UTI Dividend Yield Fund’s NAV on September 24, 2021, is 115.9.

Templeton India Equity Income Fund

Templeton India Equity Income Fund

Templeton India Equity Income Fund-Growth has assets under management (AUM) of 1,169 crores. The fund has a 2.31 percent cost ratio.

Templeton India Equity Income Fund has a 1-year growth rate of 76.40 percent. It has had an average yearly return of 14.26% since its inception.

The Scheme uses a value strategy to invest primarily in equities with a current or potentially attractive dividend yield in order to deliver a combination of regular income and long-term capital appreciation. Templeton India Equity Income Fund’s NAV as of September 24, 2021 is 77.58.

Principal Dividend Yield Fund

Principal Dividend Yield Fund

Principal Dividend Yield Fund Direct-Growth has a total asset under management (AUM) of 238 crores. The fund has a 2.15 percent cost ratio, which is more than most other Thematic-Dividend Yield funds.

The 1-year returns for the Principal Dividend Yield Fund Direct-Growth are 67.25 percent. It has generated an average yearly return of 15.09 percent since its inception. The majority of the money in the fund is invested in the Technology, Financial, Energy, FMCG, and Chemicals industries. The scheme invests primarily in a well-diversified portfolio of firms with a high dividend yield in order to generate capital appreciation.

ICICI Prudential Dividend Yield Equity Fund

ICICI Prudential Dividend Yield Equity Fund

ICICI Prudential Dividend Yield Equity Fund-Growth had assets under management (AUM) of 446 crores, making it a medium-sized fund in its category. The fund has a 2.83 percent cost ratio.

The growth returns of the ICICI Prudential Dividend Yield Equity Fund during the last year have been 80.17 percent. It has returned an average of 13.73 percent per year since its inception. The Energy, Technology, Financial, Services, and Healthcare sectors account for the majority of the fund’s holdings. For September 24, 2021, the NAV of the ICICI Prudential Dividend Yield Equity Fund is 25.8.

Aditya Birla Sun Life Dividend Yield Fund

Aditya Birla Sun Life Dividend Yield Fund

Aditya Birla Sun Life Dividend Yield Fund-Growth has assets under management (AUM) of Rs. 865 crores, making it a medium-sized fund in its category. The fund has a 2.44 percent cost ratio.

Aditya Birla Sun Life Dividend Yield Fund had a 1-year growth rate of 62.81 percent. It has returned an average of 19.00 percent per year since its inception. For September 24, 2021, the NAV of Aditya Birla Sun Life Dividend Yield Fund is 253.81. The strategy tries to earn profits by investing in firms that give out significant dividends. It would strive to create a portfolio with a high dividend yield, significant capital protection, and a stable dividend yield.

Dividend yield equities MF

Dividend yield equities MF

Dividend yield equities are less liquid in terms of trading volumes in the stock markets, therefore the effect cost and portfolio liquidity risk are higher for retail investors. There may be times when dividend yield stocks lag other equities in the market, which could have an impact on the fund’s performance. A dividend yield fund with a higher allocation to large-cap equities is a good choice for investors who don’t want to take on too much risk. Investors should have a three-year investing horizon and avoid new or small-capitalized schemes. These funds are appropriate for investors seeking a diversified portfolio of dividend-paying companies with the potential for long-term capital appreciation as well as equity investments with a fair amount of stability and lower risk over the medium to long term.

Disclaimer

Disclaimer

The opinions and investment ideas offered by Greynium Information Technologies’ authors or employees should not be construed as investment advice to buy or sell stocks, gold, currency, or other commodities. Investors should not make trading or investment decisions solely primarily on information given on GoodReturns.in. We are not a qualified financial counsellor, and the material provided here is not intended to be investment advice.



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Rupee Bank notifies refund scheme, relief for depositors of up to Rs 5 lakh, BFSI News, ET BFSI

Banking & Finance

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Pune: The stressed Rupee Cooperative Bank has notified the scheme of the Deposit Insurance and Credit Guarantee Corporation (DICGC) to refund account holders up to Rs5 lakh.

The DICGC announcement is valid for 21 insured banks operating under all-inclusive directions (AID), including Rupee Bank. Rupee Bank administrators said they will forward all claims made under the scheme to DICGC by October 15, 2021, after which approved claims will be settled by the DICGC within 90 days.

Rupee Bank administrator Sudhir Pandit said it is “premature” to say what will happen in case of depositors holding amounts exceeding Rs5 lakh. “The DICGC told us to maintain expenses to run the bank for the next six months, within which hopefully there will be a resolution plan for the bank; be it merger with a larger bank, or its revival. We even met Union finance minister Nirmala Sitharaman,” said Pandit.

“A resolution plan or revival will ensure that larger depositors do not lose most of their money, because if the bank is liquidated, large depositors may collectively lose Rs 375 crore,” added Pandit.



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Rupee Bank notifies refund scheme, relief for depositors of up to Rs 5 lakh, BFSI News, ET BFSI

Banking & Finance

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Pune: The stressed Rupee Cooperative Bank has notified the scheme of the Deposit Insurance and Credit Guarantee Corporation (DICGC) to refund account holders up to Rs5 lakh.

The DICGC announcement is valid for 21 insured banks operating under all-inclusive directions (AID), including Rupee Bank. Rupee Bank administrators said they will forward all claims made under the scheme to DICGC by October 15, 2021, after which approved claims will be settled by the DICGC within 90 days.

Rupee Bank administrator Sudhir Pandit said it is “premature” to say what will happen in case of depositors holding amounts exceeding Rs5 lakh. “The DICGC told us to maintain expenses to run the bank for the next six months, within which hopefully there will be a resolution plan for the bank; be it merger with a larger bank, or its revival. We even met Union finance minister Nirmala Sitharaman,” said Pandit.

“A resolution plan or revival will ensure that larger depositors do not lose most of their money, because if the bank is liquidated, large depositors may collectively lose Rs 375 crore,” added Pandit.



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How digital cash can lift gross national happiness, BFSI News, ET BFSI

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The tiny Himalayan kingdom of Bhutan, landlocked between the teeming multitudes of China and India, shot to global fame in the 1970s with gross national happiness: a broad measure of overall welfare it prefers over the more traditional metric of gross domestic product, which only includes production of goods and services, even those that ultimately leave us miserable.

More recently, the hydroelectric-powered nation decided to become not just carbon neutral — but carbon negative, its pristine forests acting as a sink-hole to absorb the greenhouse gases released by its coal-burning neighbors.

And now Bhutan wants a digital currency.

Will a new payment instrument make the 800,000-strong, mostly Buddhist society happier than it already is? My answer: It might.

Cash is a relatively new construct in Bhutan. Up until the 1950s, the people were still bartering in rice, butter, cheese, meat, wool, and hand-woven cloth. Even civil servants accepted their pay in commodities. Seven decades later, the Royal Monetary Authority has announced a pilot with San Francisco-based Ripple for a national currency running on distributed electronic account-keeping.

The open-source XRP ledger claims to be carbon neutral and 120,000 times more efficient than proof-of-work blockchains. Unlike El Salvador, which has chosen to use the volatile and energy-guzzling Bitcoin as money alongside U.S. dollars, Bhutan wants to retain the ngultrum, the national currency. The bet is that a paperless version of the central bank’s liabilities would be a more attractive alternative to bank deposits for a sparse population scattered across a rugged, mountainous terrain.

Big gains are expected from the monetary authority making its IOUs available to the public directly, as electronic cash that can be spent or saved without requiring a commercial bank in the middle. The goal of 85% financial inclusion by 2023 is a substantial jump over the 67% of adult Bhutanese who have bank accounts. Only a fifth of the population has any credit facility.

Bhutan is moving to test wholesale, retail and cross-border applications of its central bank’s tokens, even as advanced nations are still debating their utility. The Federal Reserve is yet to make up its mind; research that will reveal its assessments of the pros and the cons of a digital dollar is eagerly awaited around the world. Among larger economies, China’s e-CNY plans are the most advanced.

That creates a bit of a problem for the government in Thimphu, the Bhutanese capital. The ngultrum is pegged 1:1 to the Indian rupee, which also circulates freely. Since India is the main trading partner by far, the arrangement works fine. But already, 97% of the population has access to the Internet, most of them via their mobile phones. Any sudden preference among the people to use the e-CNY because it’s convenient to send and receive via smartphones could be destabilizing. With the Reserve Bank of India in no hurry to start offering a digital rupee, Bhutan is perhaps right to press ahead with its own plans.

In fact, the $2.5 billion economy would be doing its 1,000-times bigger neighbor a favor. Bhutan’s pilots would be extremely valuable to the Reserve Bank in Mumbai. That’s because the digital ngultrum will be an exact representation of the Indian currency — only twice removed. Important questions about the future rupee tokens, such as whether they will rob commercial banks of deposits, can be answered by looking at how the Bhutanese people use them.

Digitizing the currency may only be the first step. A far more ambitious idea, which was discussed in a conference late last year attended by the local financial industry as well as United Nations officials, is to tokenize happiness.

A digital commodity in happiness could be like cap-and-trade carbon credits, with all 20 districts — or dzhongkhags — given quotas based on the gross national happiness index, an aggregate of nine indicators including education, health, psychological well-being, governance and culture. The laggards would have to obtain tokens from the overachievers. The “price” of happiness could create an incentive for the strugglers to perform better.

Far fetched? For now, perhaps. But Bhutan is a neat little laboratory. With just five banks, there isn’t much by way of entrenched traditional finance. Only 6.5% of the population has all three: a savings account, insurance and some credit. Bank of Bhutan Ltd., which had roughly 300,000 deposit accounts in 2019, more than any other lender, had only 140,000 mobile banking customers.

The central bank’s desire to take cash digital could create opportunities for blockchain-based decentralized finance. Hopefully, it won’t use up too much energy and will leave people happier than they are now. Especially in remote places like the northernmost dzhongkhag of Gasa, which has all of two ATMs.

(Views are personal)



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Stocks to Buy: FMCG And HospitalStocks To Buy: FMCG And Hospitality Stocks To Consider As Recommended By Brokeragesity stocks To Consider As Recommended By Brokerages

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Dodla Dairy

ICICI Securities has a ‘Buy’ rating on Dodla Diary for a target price of Rs. 700, the last traded price of Rs.618 per share.

Dairy: One of the fastest-growing industries in India

According to ICICI Securities, Between FY15 and FY21, the Indian dairy industry grew at a CAGR of 9% in value terms. The primary growth drivers are steady nominal GDP growth, market share gains from the unorganized sector, and increased demand for value-added products. We anticipate that, in the medium to long term, expanding population, growth of HoReCa, and rising demand for milk as a source of protein will help the dairy sector sustain robust growth rates.

Valuation

“We value Dodla on DCF-basis arriving at a target price of Rs700. As per reverse DCF (assuming cost of equity at 11.3% and terminal growth at 4%), the company needs to achieve an EBITDA CAGR of 12% over FY21-FY32E. The EBITDA CAGR over FY11- 21 was 29.4%.

We model revenue and PAT CAGRs of 14.2% and 17.6%, respectively, over FY21-FY23E. We forecast RoE to be upwards of 17% in FY23E. We initiate coverage on the stock with a BUY rating and DCF-based target price of Rs700 (24x FY23E),” the brokerage has said.

Chalet Hotels

Chalet Hotels

IDBI Capital has a ‘Buy’ rating on Chalet Hotels for a target price of Rs. 295, the last traded price of Rs.206 per share with a potential upside of 43%.

Strong positioning in high-end branded hotels in key business cities

According to IDBI Capital, Following a large revenue loss in FY21, the domestic hotel business is likely to rebound better in FY22, aided by a vaccination drive and pent-up demand in the leisure travel sector. To run its hotels under high-end worldwide names, the company has worked with well-known global hospitality giants such as “J W Marriott” and “The Accor.”

Valuation

“We expect on a low base of FY21, net sales to grow at a CAGR of 68% over FY21-24E supported by net sales CAGR of 77% and 42% in hotels and retail-commercial segment respectively. Cost optimization measures and increasing share of high margin commercial segment will drive EBITDA CAGR of 341% over the same period.

We believe Chalet is poised to benefit from multiple levers viz active asset management of the assets, inventory addition in the hotel and commercial segment, mixed-use of retail-commercial properties, inorganic growth opportunities, and value unlocking opportunities in the Koramangla project. BUY with a TP of Rs295,” the brokerage has said.

Disclaimer

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.



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Buy This Housing Finance Company Stock, Says Motilal Oswal

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Special home loan rates to push demand, says Motilal Oswal

According to the brokerage the company extended its lowest home loan rate of 6.66% for the festive season to borrowers having a CIBIL score of 700 and above, for loans up to Rs 20 million (the earlier limit was Rs 5 million).

“By segmenting borrowers based on their CIBIL score, irrespective of the category of employment, LIC Housing Finance aims to cater to a larger borrower base. This move is in tune with the demand for larger spaces and affordability, and good traction for loans in the ticket size of Rs 5million to 20 million,” the brokerage has said.

Disbursement growth to pick up

Disbursement growth to pick up

According to Motilal Oswal, the retail home loan demand was impacted by localized lockdowns in 1QFY22.

“Nevertheless, individual Home loan disbursements comprehensively exceeded YoY levels. We expect pent-up demand to be pronounced in the remaining nine months of the current fiscal year, leading to healthy growth in disbursements for FY22. We expect 11% loan book CAGR over FY21-24E. Since Jun’21 there has been an improvement in economic activity, and collection efficiency has also improved to 98%, which is encouraging. The sharp rise in Stage 3 loans is concerning. The same got exacerbated due to the impact of the second COVID wave. We now estimate a credit cost of 85bp/60bp in FY22E/FY23E,” the brokerage has said.

Partnership to augur well for LIC Housing Finance

Partnership to augur well for LIC Housing Finance

India Post Payments Bank and LIC Housing Finance recently announced a strategic partnership for providing Home loan products to over 45 million customers of India Post Payments Bank. “Through its robust and extensive network of 650 branches and more than 136,000 banking access points, India Post Payments Bank will make LIC Housing Finance’s Home loan products accessible to its customer’s pan-India. The alliance will also provide LIC Housing Finance’s access to India Post Payments Bank’s on-ground workforce of nearly 200,000 postal employees that are equipped with micro ATMs and biometric devices through its innovative Doorstep Banking Service. This will play a significant role in offering LIC Housing Finance Housing loans,” the brokerage has said.

Valuation and view

Valuation and view

With the completion of the preferential equity allotment to its promoter LIC, the capitalization/leverage concerns for LIC Housing Finance now been ironed out. “Given its parentage, it has been able to raise debt capital at low rates, which should keep margin healthy in a highly competitive environment. While asset quality pain has been pronounced so far, we draw comfort from LIC Housing Finance’s ability to source low-cost liabilities, favorable Housing Finance cycle, and 11-12% RoE. While we expect FY22E to be impacted, we estimate ~1.1%/12% RoA/RoE in FY23E, after having penciled in the preferential allotment of fresh equity shares to the promoter. We maintain our Buy rating with a target price of Rs 525 pe rshare (1.1x FY23E BVPS),” the brokerage has said.

Disclaimer:

Disclaimer:

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only



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Rupee inches 8 paise higher to 73.75 against US dollar in early trade

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The Indian rupee appreciated 8 paise to 73.75 against the US dollar in opening trade on Tuesday, tracking positive domestic equities.

Forex traders said rupee is trading in a narrow range as weakness of Asian currencies, firm crude oil prices and strong dollar weighed on the domestic unit.

At the interbank foreign exchange, the rupee opened at 73.79 against the dollar, then edged higher to 73.75, up 8 paise over its previous close.

On Monday, the rupee had settled at 73.83 against the US dollar.

Dolla index rises

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.06 per cent to 93.44.

The Indian rupee opened on a flat note this Tuesday morning against the dollar, tracking the strength of the greenback and strong crude oil prices, Reliance Securities said in a research note.

Moreover, most emerging market and Asian currencies have started weaker this Tuesday morning and will weigh on sentiments, the note added.

Meanwhile, foreign institutional investors were net sellers in the capital market on Monday as they offloaded shares worth ₹594.63 crore, as per exchange data.

On the domestic equity market front, the BSE Sensex was trading 16.19 points or 0.03 per cent higher at 60,094.07, while the broader NSE Nifty advanced 24.75 points or 0.14 per cent to 17,879.85.

Meanwhile, global oil benchmark Brent crude futures rose 0.79 per cent to $80.16 per barrel.

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Reserve Bank of India – Press Releases

Press Releases

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(Amount in ₹ crore, Rate in Per cent)
  Volume
(One Leg)		 Weighted
Average Rate 		Range
A. Overnight Segment (I+II+III+IV) 406,171.74 3.27 1.95-5.15
     I. Call Money 6,409.18 3.15 1.95-3.45
     II. Triparty Repo 306,003.60 3.26 3.20-3.40
     III. Market Repo 93,708.96 3.31 2.00-3.40
     IV. Repo in Corporate Bond 50.00 5.15 5.15-5.15
B. Term Segment      
     I. Notice Money** 272.30 3.16 2.50-3.35
     II. Term Money@@ 30.00 – 3.10-3.45
     III. Triparty Repo 119.10 3.22 3.22-3.22
     IV. Market Repo 205.00 3.15 3.10-3.15
     V. Repo in Corporate Bond 1,505.00 3.60 3.60-3.60
  Auction Date Tenor (Days) Maturity Date Amount Current Rate /
Cut off Rate
C. Liquidity Adjustment Facility (LAF) & Marginal Standing Facility (MSF)
I. Today’s Operations
1. Fixed Rate          
     (i) Repo          
    (ii) Reverse Repo Mon, 27/09/2021 1 Tue, 28/09/2021 327,354.00 3.35
    (iii) Special Reverse Repo~          
    (iv) Special Reverse Repoψ          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
           
3. MSF Mon, 27/09/2021 1 Tue, 28/09/2021 439.00 4.25
4. On Tap Targeted Long Term Repo Operations€ Mon, 27/09/2021 1095 Thu, 26/09/2024 600.00 4.00
5. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
6. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -326,315.00  
II. Outstanding Operations
1. Fixed Rate          
    (i) Repo          
    (ii) Reverse Repo          
    (iii) Special Reverse Repo~ Fri, 24/09/2021 14 Fri, 08/10/2021 6,999.00 3.75
    (iv) Special Reverse Repoψ Fri, 24/09/2021 14 Fri, 08/10/2021 2,712.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 24/09/2021 14 Fri, 08/10/2021 344,515.00 3.60
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo Fri, 24/09/2021 4 Tue, 28/09/2021 50,001.00 3.44
  Tue, 21/09/2021 7 Tue, 28/09/2021 100,001.00 3.42
3. MSF          
4. Long-Term Repo Operations# Mon, 17/02/2020 1095 Thu, 16/02/2023 499.00 5.15
  Mon, 02/03/2020 1094 Wed, 01/03/2023 253.00 5.15
  Mon, 09/03/2020 1093 Tue, 07/03/2023 484.00 5.15
  Wed, 18/03/2020 1094 Fri, 17/03/2023 294.00 5.15
5. Targeted Long Term Repo Operations^ Fri, 27/03/2020 1092 Fri, 24/03/2023 12,236.00 4.40
  Fri, 03/04/2020 1095 Mon, 03/04/2023 16,925.00 4.40
  Thu, 09/04/2020 1093 Fri, 07/04/2023 18,042.00 4.40
  Fri, 17/04/2020 1091 Thu, 13/04/2023 20,399.00 4.40
6. Targeted Long Term Repo Operations 2.0^ Thu, 23/04/2020 1093 Fri, 21/04/2023 7,950.00 4.40
7. On Tap Targeted Long Term Repo Operations€ Mon, 22/03/2021 1095 Thu, 21/03/2024 5,000.00 4.00
  Mon, 14/06/2021 1096 Fri, 14/06/2024 320.00 4.00
  Mon, 30/08/2021 1095 Thu, 29/08/2024 50.00 4.00
  Mon, 13/09/2021 1095 Thu, 12/09/2024 200.00 4.00
8. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 17/05/2021 1095 Thu, 16/05/2024 400.00 4.00
Tue, 15/06/2021 1095 Fri, 14/06/2024 490.00 4.00
Thu, 15/07/2021 1093 Fri, 12/07/2024 750.00 4.00
Tue, 17/08/2021 1095 Fri, 16/08/2024 250.00 4.00
Wed, 15/09/2021 1094 Fri, 13/09/2024 150.00 4.00
D. Standing Liquidity Facility (SLF) Availed from RBI$       25,395.80  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -394,140.20  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -720,455.20  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 27/09/2021 635,947.10  
     (ii) Average daily cash reserve requirement for the fortnight ending 08/10/2021 630,489.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 27/09/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 10/09/2021 1,183,556.00  
@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
– Not Applicable / No Transaction.
** Relates to uncollateralized transactions of 2 to 14 days tenor.
@@ Relates to uncollateralized transactions of 15 days to one year tenor.
$ Includes refinance facilities extended by RBI.
& As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
* Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo.
# As per the Press Release No. 2020-2021/287 dated September 04, 2020.
^ As per the Press Release No. 2020-2021/605 dated November 06, 2020.
€ As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
£ As per the Press Release No. 2021-2022/181 dated May 07, 2021.
~ As per the Press Release No. 2021-2022/177 dated May 07, 2021.
ψ As per the Press Release No. 2021-2022/323 dated June 04, 2021.
Ajit Prasad
Director   
Press Release: 2021-2022/941

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