The Bank Rate has been revised downwards by 25 basis points from 5.75 per cent to 5.50 per cent. Accordingly, all penal interest rates on shortfall in CRR and SLR requirements, which are specifically linked to the Bank Rate, also stands revised. The revised penal interest rates shall be Bank Rate plus 3.0 percentage points (8.50 per cent) or Bank Rate plus 5.0 percentage points (10.50 per cent) depending on duration of shortfall.