#Daily_One_Banking_Term
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✔️ Marginal Standing Facility Rate (MSFR):
▪️MSF scheme has become effective from 09th May, 2011
launched by the RBI.
▪️Under this scheme, Banks will be able to borrow upto 1% of their respective Net Demand and Time Liabilities.
▪️The rate of interest on the amount accessed from this facility will be 100 basis points (i.e. 1%) above the repo rate.
▪️This scheme is likely to
reduce volatility in the overnight rates and improve monetary transmission.
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