IS BANK RATE AND REPO RATE THE SAME

Answer Posted / prashant

Interest rate charge by commercial or scheduled bank from
it's customer or Client for the loan they have taken from bank.

Repo rate is coupon (interest)rate charge by RBI from bank
or any other financial institution for the loan they have
taken from RBI by pledging of collateral.this loan would be
for short period ie. maximum for 14 days.

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