Banks are required to maintain the CRR at 3.50 per cent of their NDTL: RBI

  • Corporate Law
  • circular
  • financeseva

Circular no. DOR.No. Ret.BC.35/12.01.001/2020-21, February 05, 2021 

As announced in paragraph 2 of the Statement on Developmental and Regulatory Policies of February 05, 2021, the RBI decided to gradually restore the CRR in two phases in a non-stop manner.  

Consequently, banks are required to maintain the CRR at 3.50 per cent of their NDTL effective from the reporting fortnight beginning on March 27, 2021 and 4.00 percent of their NDTL effective from fortnight beginning on May 22, 2021.