What is Call Rate ?
Defination:
- Call rate is the interest rate paid by the banks for lending and borrowing for daily fund requirement.
- Since banks need funds on a daily basis, they lend to and borrow from other banks according to their daily or short-term requirements on a regular basis.
Suggested Links
What is Special Economic Zone (SEZ) ? What is VAT (Value-Added Tax) ? What is Minimum Support Price (MSPs) ? What is Ponzi schemes ? What is RBI & its Functions ?Find us on Facebook
