The Reserve Bank of India announces the Monetary Policy annually in April to ensure price stability through controlling money supply, interest rates, and inflation. The policy is reviewed quarterly. It impacts the banking sector and financial institutions like banks, NBFCs, and foreign exchange markets. Monetary Policy differs from Fiscal Policy in that it controls the economy through money supply and interest rates rather than government spending and taxes. The objectives of Monetary Policy are maintaining price stability and adequate credit flow to support growth, employment, and currency stability based on economic conditions. Changes to interest rates impact individuals through effects on loans, savings, and investments.