Home › Circulars › RBI/2013-14/288

CRR Daily Minimum Maintenance Reduced to 95% for RRBs/SCBs

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2013-14/288 · issued 20 Sep 2013 · ~1 min read
Quick answerRBI reduced the daily minimum CRR maintenance requirement from 99% to 95% of the prescribed CRR for Scheduled State Cooperative Banks and Regional Rural Banks, effective from the fortnight starting September 21, 2013.

What changed

The daily minimum maintenance of Cash Reserve Ratio (CRR) was reduced from 99% to 95% of the requirement. This change applies to Scheduled State Cooperative Banks and Regional Rural Banks, effective from the fortnight beginning September 21, 2013.

What it means for you

Banks now have more flexibility in managing daily CRR compliance, as they can maintain a lower daily minimum (95% instead of 99%) without penalty. This eases short-term liquidity management, especially during periods of volatile cash flows. However, the overall CRR requirement remains unchanged; only the daily maintenance floor is lowered.

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

Who it affects

Scheduled State Cooperative Banks, Regional Rural Banks, Treasury and compliance departments of these banks

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

Does this change reduce the overall CRR requirement?

No, the overall CRR requirement remains the same. Only the daily minimum maintenance requirement is reduced from 99% to 95% of the prescribed CRR.

From when is this new daily maintenance requirement applicable?

It is effective from the fortnight beginning September 21, 2013.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1019: RPCD.CO.RRB.RCB.No.40/03.05.33/2013-14 — "Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement"”
📜 Read the original circular — full text as issued by RBI
RBI/2013-14/288 RPCD.CO.RRB.RCB.No.40/03.05.33/2013-14 September 20, 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 our Circular RPCD.CO.RRB.No.16/03.05.33/2013-14 dated July 24, 2013 on the captioned subject. 2. As announced in the Press Release 2013-14/604 dated September 20, 2013 , it has been decided to reduce the minimum daily maintenance of the Cash Reserve Ratio from 99 per cent of the requirement to 95 per cent effective from the fortnight beginning September 21, 2013. Yours faithfully, (A.Udgata) Principal Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/288 · issued 20 Sep 2013. The plain-English explanation above is BankPulse’s own independent summary.
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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8452&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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