Special Liquidity Facility for Mutual Funds (SLF-MF)-1

•The SLF-MF is on-tap and open-ended and will be available to all LAF (liquidity adjustment facility) eligible banks.
•On-tap is a term used to describe a feature where something is available whenever needed as against during a particular period.
•Open-ended implies that there is no restriction on the amounts that banks are allowed to borrow.
•LAF eligible banks: All the Scheduled Commercial Banks are eligible to participate in LAF auctions except the Regional Rural Banks.
•Under it, the RBI shall conduct repo operations of 90 days tenor at the fixed repo rate.