Bank Rate Changes in Bank Rate/Penal Interest from time to time From To Bank Rate Penal Interest Rate Total 22.07.2000 16.02.2001 8% 8% 16% 01 Apr, 2000 21 July, 2000 7% 8% 15% 01 Mar, 1999 31 Mar, 2000 8% 8% 16% 29 Apr, 1998 28 Feb, 1999 9% 8% 17% 03 Apr, 1998 28 Apr, 1998 10% 8% 18% ‹‹ 4 5 6 7 8 9 10 11 12 ››