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Chronology of CRR Rate in India (History of CRR Rates)

 

        History of Cash Reserve Ratio  Rates in India / Historical Rates of Cash Reserve Ratio Rates in India

 

 

Date from which Effective CRR as % age of NDTL Remarks
5-Jul-1935   (a) 5% of DL; (b) 2% of TL
6-Mar-1960   (a) 5% of DL; (b) 2% of TL@ (Accompanied with additional reserve requirements of CRR on incremental NDTL)
6-May-1960   (a) 5% of DL; (b) 2% of TL@Accompanied with additional reserve requirements of CRR on incremental NDTL)
11-Nov-1960   (a)5% of DL; (b) 2% of TL
16-Sep-1962 3.00  
29-Jun-1973 5.00  
8-Sep-1973 6.00  
22-Sep-1973 7.00  
1-Jul-1974 5.00  
14-Dec-1974 4.50  
28-Dec-1974 4.00  
4-Sep-1976 5.00  
13-Nov-1976 6.00  
14-Jan-1977 6.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
1-Jul-1978 6.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
5-Jun-1979 6.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
31-Jul-1981 6.50  
21-Aug-1981 7.00  
27-Nov-1981 7.25  
25-Dec-1981 7.50  
29-Jan-1982 7.75  
9-Apr-1982 7.25  
11-Jun-1982 7.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
27-May-1983 7.50 Accompanied with additional reserve requirements of CRR on incremental NDTL
29-Jul-1983 8.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
27-Aug-1983 8.50 Accompanied with additional reserve requirements of CRR on incremental NDTL
12-Nov-1983 8.50 Accompanied with additional reserve requirements of CRR on incremental NDTL
4-Feb-1984 9.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
27-Oct-1984 9.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
1-Dec-1984 9.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
26-Oct-1985 9.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
22-Nov-1986 9.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
28-Feb-1987 9.50 Accompanied with additional reserve requirements of CRR on incremental NDTL
23-May-1987 9.50 Accompanied with additional reserve requirements of CRR on incremental NDTL
24-Oct-1987 10.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
23-Apr-1988 10.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
2-Jul-1988 10.50 Accompanied with additional reserve requirements of CRR on incremental NDTL
30-Jul-1988 11.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
1-Jul-1989 15.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
4-May-1991 15.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
11-Jan-1992 15.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
(21-04-1992) 15.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
8-Oct-1992 15.00 Accompanied with additional reserve requirements of CRR on incremental NDTL
17-Apr-1993 14.50  
15-May-1993 14.00  
11-Jun-1994 14.50  
9-Jul-1994 14.75  
6-Aug-1994 15.00  
11-Nov-1995 14.50  
9-Dec-1995 14.00  
27-Apr-1996 13.50  
11-May-1996 13.00  
6-Jul-1996 12.00  
26-Oct-1996 11.50  
9-Nov-1996 11.00  
4-Jan-1997 10.50  
18-Jan-1997 10.00  
25-Oct-1997 9.75  
22-Nov-1997 9.50  
6-Dec-1997 10.00  
17-Jan-1998 10.50  
28-Mar-1998 10.25  
11-Apr-1998 10.00  
29-Aug-1998 11.00  
13-Mar-1999 10.50  
8-May-1999 10.00  
6-Nov-1999 9.50 In order to improve the cash management by the banks, effective from the fortnight CRR will be maintained   by every Scheduled Commercial Bank based on its NDTL as on the last Friday of the second preceding   fortnight. Further to facilitate banks to tide over the contingency during the millennium change, it has been  decide to treat cash in hand maintained by banks for compliance of CRR for a limited period of two months  commencing from December 1,1999 to January 31, 2000. The cash in hand which will be counted for CRR  purpose, during the above period cannot be treated as eligible asset for SLR purpose simultaneously
20-Nov-1999 9.00  
8-Apr-2000 8.50  
22-Apr-2000 8.00  
29-Jul-2000 8.25  
12-Aug-2000 8.50  
24-Feb-2001 8.25  
10-Mar-2001 8.00  
19-May-2001 7.50  
3-Nov-2001 5.75 RBI circular dated 22/10/2001
29-Dec-2001 5.50 RBI circular dated 22/10/2001
1-Jun-2002 5.00  
16-Nov-2002 4.75 RBI circular  dated 29/10/2002
14-Jun-2003 4.50  
18-Sep-2004 4.75 RBI circular dated 11/09/2004
2-Oct-2004 5.00 RBI circular dated 11/09/2004
22-Jun-2006 5.00 The statutory minimum CRR requirement of 3 per cent of total demand and time liabilities removed with effect from June 22, 2006, but CRR continued to be at 5%
23-Dec-2006 5.25 RBI circular dated 11/12/2006
6-Jan-2007 5.50 RBI circular dated 11/12/2006
17-Feb-2007 5.75 RBI circular dated 01/03/207
3-Mar-2007 6.00 RBI circular dated 01/03/207
14-Apr-2007 6.25 RBI circular dated 20/4/2007
28-Apr-2007 6.50 RBI circular dated 20/4/2007
4-Aug-2007 7.00 RBI circular dated 31/7/2008
10-Nov-2007 7.50 RBI circular dated 30/10/2007
26-Apr-2008 7.75 RBI circular dated 21/4/2008
10-May-2008 8.00 RBI circular dated 21/4/2008
24-May-2008 8.25 RBI circular dated 29/4/2008
5-Jul-2008 8.50 RBI circular dated 26/7/2008
19-Jul-2008 8.75 RBI circular dated 26/7/2008
30-Aug-2008 9.00 RBI circular dated 30/07/208
11-Oct-2008 7.50 RBI circular dated 6/10/2008 and 10/10/2008
11-Oct-2008 6.50 RBI Circular dated 15/10/2008
25-Oct-2008 6.00 RBI Circular dated 3/11/2008
8-Nov-2008 5.50 RBI Circular dated 3/11/2008
17-Jan-2009 5.00 RBI circular dated 02/01/2009
13-Feb-2010 5.50 RBI circular dated  29/01/2010
27-Feb-2010 5.75 RBI circular dated 29/01/2010
24-Apr-2010 6.00 RBI circular dated 20/04/2010
28-Jan-2012 5.50 RBI circular dated 24/01/2012
10-March-2012 4.75 RBI circular dated 10/3/2012
22nd September, 2012 4.50 RBI circular dated 17/09/2012
3rd November 2012 4.25 RBI circular dated 30/10/2012
9th February 2013 4.00 RBI  circular dated 29/01/2013
     
     

 

 

What is CRR?    The Reserve Bank of India (Amendment) Bill, 2006 has been enacted and has come into force with its gazette notification. Consequent upon amendment to sub-Section 42(1), the Reserve Bank, having regard to the needs of securing the monetary stability in the country, can prescribe Cash Reserve Ratio (CRR) for scheduled banks without any floor rate or ceiling rate.  [Before the enactment of this amendment, in terms of Section 42(1) of the RBI Act, the Reserve Bank could prescribe CRR for scheduled banks between 3 per cent and 20 per cent of total of their demand and time liabilities].

 

 

OTHER RELEVANT LINKS

 

Click Here to Know the

   →Current / Latest Rates of CRR, SLR, Bank Rate, Repo and Reverse Repo Rates As per RBI in India

   →Chronology of Marginal Standing Facility / History of Marginal Standing Facility

   →Chronology of Bank Rate in India  / History of Bank Rate

   →Chronology of SLR Rates in India / History of Statutory Liquidity Ratio Rates in India

    →Chronology of CRR Rates in India / History of Cash Reserve Rates in India

   → Chronology of Repo Rates / History of Repo Rates in India

   → Chronology of Reverse Repo Rates in India / History of Reverse Repo Rates in India