Every scheduled bank shall maintain in India with the Reserve Bank CRR cash reserve ratio the amount...........

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Every scheduled bank shall maintain in India with the Reserve Bank,CRR (cash reserve ratio),the amount of which

shall not be less than four per cent of the bank’s total NDTL in India

shall not be less than three per cent of the bank’s total NDTL in India

shall not be less than two per cent of the bank’s total NDTL in India

shall not be less than five per cent of the bank’s total NDTL in India

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Explanation:

Every scheduled bank shall maintain in India with the Reserve Bank, an average daily balance or CRR, the amount of which shall not be less than four per cent of the bank’s total NDTL in India as on the last Friday of the second preceding fortnight.