Relaxation in OD facility for States Governments/UTs

RBI has eased the terms governing availment of the overdraft facility extended to State Governments/UTs, to enable them to better manage their fiscal situation in terms of their cash-flows and market borrowings.

Accordingly, the maximum number of days in a quarter on which State Governments/UTs can avail overdraft is being increased from 36 days to 50 days.

Further, the number of consecutive days on which a State Government/UT can avail overdraft is being increased from 14 days to 21 days. However, this facility will be available up to 30thSeptember, 2021.


Click here for official press release:

Knowledge Source:

Permission Granted for 5G Spectrum Trials

Leave a Reply

Your email address will not be published. Required fields are marked *