In exercise of the powers conferred by sub section 1A of Section 42 of the Reserve Bank of India Act

6304 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 677] NEW DELHI , WEDNES DAY , OCTOBER 4, 2023/ ASVIN A 12, 1945 CG-MH-E-06102023-249214 RESERVE BANK OF INDIA NOTIFICATION Mumbai , the 8th September, 2023 DOR.RET.REC.35/12.01.001/2023 -24.—In exercise of the powers conf erred by sub -section (1A) of Section 42 of the Reserve Bank of India Act, 1934 and in modification of the earlier notification DOR.RET.REC.30/12.01.001/2023 -24 dated August 10, 2023, the Reserve Bank of India hereby directs that all Scheduled Commercial Ba nks / Regional Rural Banks / all Scheduled Primary (Urban) Co -operative Banks / all Scheduled State Co -operative Banks, shall maintain with the Reserve Bank of India, an additional average daily balance over and above the average daily balance required to be maintained under sub -section (1) of Section 42 during the following fortnights as under: During the fortnight Amount to be maintained September 09 -22, 2023 an additional average daily balance which shall not be less than 7.5 per cent of the increase in net demand and time liabilities between May 19, 2023 and July 28, September 23, 2023 - October 06, 2023 an additional average daily balance which shall not be less than 5.0 per cent of the increase in net demand and time liabilities between May 19, 2023 and July 28, From October 07, 2023 Nil JAYANT KUMAR, Executive Director [ADVT. -III/4/Exty./ 460/2023 -24] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Publ ished by the Controller of Publications, Delhi -110054.