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.

Government

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