CRR& SLR PROVISIONS AT A GLANCE

 CRR& SLR PROVISIONS AT A GLANCE

			C R R				SLR
Legal provisions		Sec 42 (1) RBI Act 1934			Sec 24 (2-a) Banking Regulation Act 1949
Min & Max		RBI discretion			Min RBI discretion Max 40%
Kept as		Cash	balance with RBI		Cash in Hand, gold and investment in approved
						securities
Basis	As % of NDTL At			fortnightly	As % of NDTLs. On daily basis on DTL on last Friday of
		average basis			2nd preceding fortnight.
Interest		No	interest		As	per	investment
		payable wef Mar			made   in		different securities.
			31, 2007
Penalty	Penal	intt.	For the day on which		Penal   intt.	for	the day on which not
	not	maintained at   3% p.a.			maintained at 3% p.a. above			bank rate. For
	above bank rate. For			next day 5%.		next	day 5%.
Return  to			Form	A	Form	VIII	(20th	of
RBI		(fortnightly)				every month)