What is the minimum limit of CRR that can be set by the RBI?

Q. What is the minimum limit of CRR that can be set by the RBI?
Answer: No Limit
Notes: The Reserve Bank of India (RBI) Act implicitly prescribed the CRR originally at a minimum of 3 per cent of any bank’s net demand and time liabilities. That restriction was removed by an amendment in 2006.

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This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations.

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