Master Circular on Call/Notice Money Market Operations
This circular outlines the guidelines for Call/Notice Money Market operations in India.
Participants: The circular applies to all scheduled commercial banks, primary dealers, and other entities permitted to participate in the Call/Notice Money Market.
Prudential Limits: The circular sets out prudential limits for transactions in the Call/Notice Money Market, including borrowing and lending limits for participants.
Interest Rate: The interest rate for Call/Notice Money Market transactions will be determined by the market forces of demand and supply.
Dealing Session: The dealing session for Call/Notice Money Market transactions will be from 9:00 am to 5:00 pm on all working days.
Documentation: All Call/Notice Money Market transactions must be documented, and the documentation must be maintained for a minimum period of 8 years.
Reporting Requirement: Participants are required to submit reports on their Call/Notice Money Market transactions to the Reserve Bank of India.
Appendix: The circular includes an appendix listing the circulars consolidated.
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Download: Master Circular on Call/Notice Money Market Operations