Home   »   RBI to transfer Rs. 99,122 crore...

RBI to transfer Rs. 99,122 crore surplus to Central Government for FY21

RBI to transfer Rs. 99,122 crore surplus to Central Government for FY21_4.1

The Reserve Bank of India will transfer Rs 99,122 crore surplus to the Central Government for the accounting period of nine months ended March 31, 2021 (July 2020-March 2021). The Contingency Risk Buffer will remain at 5.50%.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

This year RBI has changed its Accounting year from July-June to April-March to coincide with the accounting year of Government. As a result, the accounting year 2020-21 of RBI has only 9 months. It must be noted that every year, RBI transfers its entire surplus which it has earned as profit to Central Government.

Find More Banking News Here

RBI to transfer Rs. 99,122 crore surplus to Central Government for FY21_5.1

RBI to transfer Rs. 99,122 crore surplus to Central Government for FY21_6.1

RBI to transfer Rs. 99,122 crore surplus to Central Government for FY21_7.1
About the Author

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.