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The Reserve Bank of India sets the Ways and Means Advances limit for the Government of India at 50,000 crore rupees. This limit applies to the second half of the financial year 2026-27 from October 2026 to March 2027. The Reserve Bank of India triggers fresh market loan floatation when the Government of India uses 75 percent of this limit. The interest rate for Ways and Means Advances equals the Repo Rate. The interest rate for Overdraft equals the Repo Rate plus two percent. The Reserve Bank of India retains the right to revise this limit based on prevailing circumstances.
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September 25, 2026
The Reserve Bank of India, in consultation with the Government of India, has decided that the limit for Ways and Means Advances (WMA) for the second half of the financial year 2026-27 (October 2026 to March 2027) will be ₹50,000 crore.
The Reserve Bank of India may trigger fresh floatation of market loans when the Government of India utilises 75 per cent of the WMA limit.
The Reserve Bank of India, in consultation with the Government of India, retains the flexibility to revise the WMA limit at any time taking into consideration the prevailing circumstances.
The interest rate on WMA/Overdraft will be as under:
(Brij Raj)
Press Release: 2026-2027/1192 Chief General Manager
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RESERVE BANK OF INDIA
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