Source: Reserve Bank of India · RBI/2009-2010/85 · issued 01 Jul 2009 · ~2 min read
Quick answerRBI consolidated all existing instructions on CRR and SLR for Primary Urban Co-operative Banks (PCBs) into a single Master Circular as of July 1, 2009. This covers statutory requirements, computation of Net Demand and Time Liabilities, maintenance procedures, reporting, and penalties for both scheduled and non-scheduled PCBs.
What changed
RBI issued a Master Circular that consolidates all currently operative instructions on CRR and SLR for PCBs up to June 30, 2009. This replaces earlier piecemeal circulars with a single reference document. The circular does not introduce new requirements but compiles existing ones for ease of compliance.
What it means for you
For urban co-operative banks, this Master Circular serves as the single source of truth for all CRR and SLR compliance requirements. Banks must ensure their internal processes align with the consolidated guidelines, particularly on daily maintenance of statutory reserves and reporting. The circular reinforces the need for robust liquidity monitoring and timely submission of returns to avoid penalties.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Review the Master Circular and update your bank's internal compliance manuals to reflect the consolidated CRR and SLR instructions.
Ensure the daily register of cash reserve and liquid assets (Annex 8 format) is maintained and reviewed by the CEO every business day.
Verify that your NDTL computation for CRR and SLR follows the prescribed methodology, including exemptions and borrowings from abroad.
Train relevant staff on the reporting requirements and penalty provisions for non-submission or delayed submission of returns.
Confirm that your bank's SLR holdings meet the minimum requirement in government securities as specified in the circular.
Who it affects
All Primary (Urban) Co-operative Banks (scheduled and non-scheduled), Chief Executive Officers of PCBs, Compliance and treasury departments of PCBs, Regional Offices of RBI's Department of Banking Supervision
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
Does this Master Circular introduce any new CRR or SLR rates for PCBs?
No, this circular does not introduce new rates. It consolidates all existing instructions on CRR and SLR that were operational as of June 30, 2009, into a single document for ease of reference.
What are the key compliance requirements for PCBs under this circular?
PCBs must maintain a daily register of cash reserve and liquid assets (Annex 8 format), ensure CEO oversight of daily statutory liquidity compliance, and follow prescribed NDTL computation and reporting procedures. Penalties apply for non-submission or delayed returns.
Which sections of law govern CRR and SLR for scheduled vs non-scheduled PCBs?
For scheduled PCBs, CRR is governed by Section 42(1) of the RBI Act, 1934. For non-scheduled PCBs, CRR falls under Section 18 of the Banking Regulation Act, 1949 (AACS). SLR for all PCBs is governed by Section 24 of the same Act.
📜 This document’s life story (2 recorded events, each backed by RBI’s own words)
RBI’s words: “The enclosed Master Circular consolidates and updates all the instructions/guidelines on the subject issued up to June 30, 2010.”
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1901: UBD.CO.BSD.NSB.1/Ret/MC.No/15/12.03.000/2009-10 — "Master Circular on Maintenance of Statutory Reserves Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio”
📜 Read the original circular — full text as issued by RBI
RBI/2009-2010/85
UBD CO. BSD.NSB 1/ Ret /MC No/15/12.03.000/2009-10
July 01, 2009
Chief Executive Officers of
All Primary (Urban) Co-operative Banks
Dear Sir,
Master Circular on Maintenance of Statutory Reserves
Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)
The Reserve Bank of India has been periodically issuing instructions to primary (urban) co-operative banks (PCBs) regarding maintenance of Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) and matters related thereto.In order to enable the banks to have all the instructions at one place, a Master Circular incorporating all the currently operative instructions / guidelines on the subject up to June 30, 2009 has been prepared and is enclosed.
2. Please acknowledge receipt of this Master Circular to the Regional Office concerned of this Department.
Yours faithfully,
(A.K.Khound)
Chief General Manager-in-Charge
Encl: As above
Master Circular
Maintenance of Statutory Reserves
Cash Reserve Ratio (CRR) & Statutory Liquidity Ratio (SLR)
Contents
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-2010/85 · issued 01 Jul 2009. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5142&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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