Current bank rate of india

 

Explain all the bank Rate:

Bank Rate  :Bank Rate is called the discount rate which the banks provide the loans to customer then banks charge on the loans that is called rate of interest then its Extend to the financial or commercial banks .Now the current  bank rate is 8.25% .

Repo Rate  : Repo rate term used for the banks , Whenever banks had been shortage of money then they can borrow the money from the Reserve Bank of India. When the repo rate decrease then its helps bank to borrow the money from the RBI in less Interest, when it increase then banks have to pay more money to RBI for the borrow the Money. 
Now the current  repo rate is 7.25% .

Reverse Repo Rate  : The Reverse Repo Rate term used for the RBI because its opposite to the Repo rate which used for the banks not for RBI. In this case Reserve Bank of India can borrow the money for the banks due to corruption of system .the banks will be very happy to give the money to RBI,because money in safe hands. if the Reverse Repo Rate is high the they got more interest.Now the current  repo rate is 6.25% .