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RBI Cash Reserve Ratio (CRR) — current rate & full history

Quick answerThe RBI Cash Reserve Ratio (CRR) is currently 3.00% (as of June 2026), reached after a 100 bps phased cut in four equal tranches between September and November 2025. CRR is the share of deposits banks must park with the RBI as cash — lowering it frees up funds for lending and eases system liquidity.

The chart above is a visual summary; the table below carries the same RBI CRR figures so they are readable without JavaScript — for accessibility and AI answer engines.

Every change — CRR history data table

Effective	CRR	Note
28 Mar 2020	3.00%	COVID-era emergency cut (-100 bps) to inject system liquidity
27 Mar 2021	3.50%	Phased restoration begins
22 May 2021	4.00%	Restoration to pre-COVID level complete
21 May 2022	4.50%	Liquidity tightening in the inflation-fighting cycle (+50 bps)
14 Dec 2024	4.25%	Phased easing begins (-25 bps, tranche 1)
28 Dec 2024	4.00%	Tranche 2 (-25 bps)
6 Sep 2025	3.75%	100 bps phased cut (announced Jun 2025 MPC) - tranche 1
4 Oct 2025	3.50%	Tranche 2
1 Nov 2025	3.25%	Tranche 3
29 Nov 2025	3.00%	Tranche 4 - current level

What it means for bankers

When the RBI cuts the CRR, banks must hold less idle cash with the central bank, so more deposits become lendable — durable liquidity rises and the cost of funds eases. When the RBI raises CRR, liquidity is absorbed. Unlike a repo-rate move, a CRR change works on the quantity of lendable funds rather than directly on the price of money, and because CRR balances earn no interest it also affects banks’ net interest margins. The 2025 phased cut to 3.00% released significant durable liquidity into the system.

Key terms in this dataPlain-English definitions of the terms behind this dashboard — see the full Indian banking glossary. CRR · SLR · Repo rate · CASA

More live dataExplore BankPulse’s other live RBI dashboards: Repo Rate Timeline · Credit & Deposit Growth · Bank Health Scores · NPA / Asset-Quality Tracker · RBI Penalty Tracker.

CRR FAQ

What is the current RBI CRR (Cash Reserve Ratio)?

The RBI Cash Reserve Ratio is 3.00% as of June 2026, reached after a 100 basis-point phased cut in four equal tranches that ran from September to November 2025.

What is the Cash Reserve Ratio and why does it matter?

The CRR is the share of a bank's net demand and time liabilities (deposits) that it must keep with the RBI as cash, earning no interest. A lower CRR releases funds banks can lend, easing liquidity; a higher CRR absorbs liquidity. It is a core monetary-policy and liquidity-management tool, distinct from the policy repo rate.

How is CRR different from SLR?

CRR must be held as cash with the RBI and earns no interest, while the Statutory Liquidity Ratio (SLR) is held by the bank itself in approved liquid assets such as government securities, which do earn a return. Both are computed on net demand and time liabilities.

When did the RBI last change the CRR?

The final tranche of the 2025 phased cut took CRR to 3.00% effective 29 November 2025; it has been held there since.

Methodology & sources: see how BankPulse dashboards are sourced, verified & updated · machine-readable CRR JSON feed.

Last reviewed 19 Jun 2026 by Vikram Jain

Source: RBI press releases & Monetary Policy statements, rbi.org.in. We never reproduce RBI text verbatim. Reviewed by Vikram Jain. Last updated 19 Jun 2026, 02:49 IST.