Current Affairs

GK MCQs Section
Q. In what form do banks maintain the Cash Reserve Ratio (CRR)?
Answer: Deposits with the Reserve Bank of India
Notes: The Reserve Bank of India requires commercial banks to maintain CRR exclusively as deposits with the RBI. The CRR rate is announced by RBI's monetary policy. As of June 2024, the CRR for Indian banks is 4.5% of Net Demand and Time Liabilities. No interest is paid by RBI on the CRR amount held. Government securities are held under SLR, not CRR.
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