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October 2026
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FEMA & RBIRBI raises repo rate by 25 bps to 5.50%, changes stance to calibrated tightening; SDF 5.25%, MSF and Bank Rate 5.75% with immediate effect
Repo rate 5.50%Rule changeThe Monetary Policy Committee, at its 63rd meeting on 5–7 October 2026, voted unanimously to increase the policy repo rate by 25 basis points to 5.50 per cent and changed the stance to calibrated tightening. The SDF rate stands at 5.25 per cent and the MSF rate and Bank Rate at 5.75 per cent, all with immediate effect. RBI projects real GDP growth of 7.1 per cent and CPI inflation of 5.2 per cent for 2026-27.
August 2026
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SEBINPS schemes re-classified into five types: MSF schemes get A-to-E equity categories and uniform names, pension funds limited to two schemes per category per tier
NPS: 5 scheme types, MSF A–ERule changePFRDA has set a standardised framework for classifying and presenting NPS schemes and told pension funds how to implement it. Schemes fall into five types; MSF schemes are slotted into categories A to E by equity exposure and renamed on a fixed pattern. Pension funds had 30 days from 28 August 2026 to re-classify and rename, and have 45 days to merge down to two schemes per category per tier.
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