Bank rate is the rate of interest charged by the central 
bank (in india its RBI)on the loans given to other 
commercial banks and financial institutes. It is also nkown 
as the discount rate.

Bank rate, also referred to as the discount rate, is the 
rate of interest which a central bank charges on the loans 
and advances that it extends to commercial banks and other 
financial intermediaries. Changes in the bank rate are 
often used by central banks to control the money supply.

it is the rate which the r.b.i prepared to buy/rediscount 
bills

BAnk rate is the  rate at which central bank(RBI) provide 
the funds to others bank.


 RBI = Reserve BAnk Of India

bank rate is the rate in which reserve bank of india lends 
money to scheduled commercial banks and oter financial 
institutions.