No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2013-14/160 · issued 24 Jul 2013 · ~1 min read
Quick answerRBI raised the daily minimum CRR maintenance requirement from 70% to 99% for StCBs and RRBs, effective July 27, 2013, to curb exchange market volatility. Banks must now hold nearly all their CRR balance every day.
What changed
Previously, StCBs and RRBs could maintain as low as 70% of their required CRR on any day of the fortnight. Effective from the fortnight starting July 27, 2013, this daily minimum has been increased to 99%.
What it means for you
This sharply reduces intra-fortnight flexibility in managing liquidity. Banks must now keep almost their entire CRR obligation every day, leaving very little room for temporary shortfalls. It tightens short-term liquidity and may increase pressure on overnight funding.
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
Update your treasury systems to reflect the new 99% daily CRR maintenance threshold from July 27, 2013.
Review your intra-fortnight cash flow projections to ensure daily CRR compliance without relying on previous 70% leeway.
Communicate the change to your board and treasury teams immediately.
Monitor RBI's press release 2013-2014/154 for context on exchange market measures.
Who it affects
All Scheduled State Cooperative Banks (StCBs), All Regional Rural Banks (RRBs), Treasury and ALM desks of these banks
RBI’s words: “Please refer to our Circular RPCD.CO.RRB.No.16/03.05.33/2013-14 dated July 24, 2013”
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1060: RPCD.CO.RRB.No.16/03.05.33/2013-14 — "Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement" dat”
📜 Read the original circular — full text as issued by RBI
RBI/2013-14/160
RPCD.CO.RRB.No. 16/03.05.33/2013-14
July 24, 2013
All Scheduled State Cooperative Banks/
Regional Rural Banks
Dear Sir,
Section 42(1) of the Reserve Bank of India Act, 1934 – Change in
Daily Minimum Cash Reserve Maintenance Requirement
Please refer to Press Release 2013-2014/154 dated July 23, 2013 announcing additional measures to address exchange market volatility.
2. As mentioned therein, currently, banks are allowed to maintain a minimum of 70 per cent of the required Cash Reserve Ratio (CRR) during a fortnight, which is applicable on all days of the reporting fortnight. It has been decided to increase the requirement of minimum daily CRR balance maintenance to 99 per cent effective from the first day of the fortnight beginning July 27, 2013.
3. All other instructions communicated in our earlier circulars remain unchanged.
4. The contents of this circular may please be brought to the notice of the Board of your bank.
Yours faithfully,
(Madhavi Sharma)
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/160 · issued 24 Jul 2013. The plain-English explanation above is BankPulse’s own independent summary.
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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=8269&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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