RBI issued an average Cash Reserve Ratio (CRR)

Jan 04, 2025 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance The Reserve Bank of India (RBI), on January 01, 2025, issued an average Cash Reserve Ratio (CRR) required to be maintained by every bank.

Effective December 14, 2024: Banks must maintain an average CRR of 4.25% of their net demand and time liabilities.

Effective December 28, 2024: The CRR requirement will be reduced to 4.00%.

This notification partially modifies the earlier directive (DOR.RET.REC.34/12.01.001/2022-23 dated May 04, 2022). Banks must ensure compliance with these revised CRR requirements from the specified dates.

[Notification No. DoR. RET.REC.53/12.01.001/2024-25]

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