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Reserve Bank of India

In exercise of the powers conferred under the sub section 1 of Section 42 of the Reserve Bank Act, 1934 and sub section 1 of Section 18 of the Banking Regulation Act

Issue Date: 01 January 2025 Published: 03 January 2025
Gazette ID: CG-MH-E-03012025-259895 Download PDF
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Core Purpose

Reserve Bank of India modifies the Cash Reserve Ratio (CRR) for banks, setting it at 4.25% and then 4.00% of net demand and time liabilities effective December 2024.

Detailed Summary

The Reserve Bank of India (RBI) through this notification revises the average Cash Reserve Ratio (CRR) for all banks. This is a partial modification to an earlier notification DOR.RET.REC.34/12.01.001/2022-23 dated May 04, 2022. The notification specifies that the average CRR required to be maintained by every bank will be 4.25 percent of its net demand and time liabilities effective from the reporting fortnight beginning December 14, 2024. Subsequently, this ratio will be revised to 4.00 percent of net demand and time liabilities effective from the fortnight commencing December 28, 2024. This notification is issued under the powers vested in RBI by the Reserve Bank Act, 1934 and the Banking Regulation Act, 1949.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-03012025-259895 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 05] NEW DELHI, WEDNESDAY, JANUARY 1, 2025/PAUSHA 11, 1946 RESERVE BANK OF INDIA NOTIFICATION Mumbai, the 6th December, 2024 DoR. RET.REC.53/12.01.001/2024-25.—In exercise of the powers conferred under the sub-section (1) of Section 42 of the Reserve Bank Act, 1934 and sub-section (1) of Section 18 of the Banking Regulation Act, 1949 (10 of 1949), read with Section 56 thereof, and in partial modification of the earlier notification DOR.RET.REC.34/12.01.001/2022-23 dated May 04, 2022, the Reserve Bank of India hereby notifies that the average Cash Reserve Ratio (CRR) required to be maintained by every bank shall be 4.25 per cent of its net demand and time liabilities effective from the reporting fortnight beginning December 14, 2024 and 4.00 per cent of net demand and time liabilities effective from fortnight beginning December 28, 2024. R. LAKSHMI KANTH RAO, Executive Director [ADVT.-III/4/Exty./861/2024-25]

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