Bank Rate Changes in Bank Rate/Penal Interest from time to time From To Bank Rate Penal Interest Rate Total 04 July, 1991 07 Oct, 1991 11% 8% 19% 12 July, 1981 03 July, 1991 10% 8% 18% 01 Mar, 1979 11 July, 1981 9% 8% 17% UPTO 28 Feb,1979 6% 8% 14% ‹‹ 3 4 5 6 7 8 9 10 11