Composition of MPC

♤ There are six members in the MPC. Out of them three are from RBI including Governor ( ex- officio Chairperson), the Deputy Governor and one officer from RBI.

The other three Members of MPC will be appointed by the Central Government, on the recommendations of a Search-cum-Selection Committee. These three Members of MPC will be experts in the field of economics or banking or finance or monetary policy and are appointed for a period of 4 years and shall not be eligible for re-appointment.