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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
→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