The Reserve Bank of India (RBI), in consultation with the Government of India, has fixed the Ways and Means Advances (WMA) limit at Rs 2,50,000 crore for the first half of FY 2026–27 (April to September 2026).

The RBI stated that it may initiate fresh market borrowings once the government utilizes 75% of this WMA limit. Additionally, the central bank retains the flexibility to revise the limit at any point based on evolving financial conditions.

In terms of interest rates, WMA will be charged at the prevailing repo rate, while overdrafts will attract an interest rate that is 2% higher than the repo rate.