Cash Register Role
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What is ment by CRR in trading?"
present CRR = 5.25 % SLR = 25.0 % These rates are subjected to change quarterly
CRR means Cash Reserve Ratio.
the current CRR declare by RBI is 6%.2011
The CRR rate is 3% to 15% fixed by RBI.
there is no minimum limit of CRR in India but the maximum limit is 15%
crr=6% slr=19%
The present rate of CRR is 6% and SLR is 24%.Thank you.
Cash reserve ratio...This is stipulated % of deposits that the bank has to maintain in Cash with RBI.Current CRR =5.5%
the Repo rate, Reserve repo rate and CRR as of 03 January 2009 are as follows: Repo Rate: 5.6% CRR: 5% Reverse Repo rate: 4.1% Source: RBI
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it. The RBI holds the control on the CRR because, the CRR can influence the credit conditions in our country. If the CRR is increased, the amount of liquid cash in circulation in the country would come down and similarly if the CRR is decreased, the cash circulation in the country would increase. Say if the CRR of the country is 10%, and you go to a bank to deposit Rs. 1000/- the bank will have to deposit at least Rs. 100/- with RBI. The remaining funds can be used by the bank to grant loans to other customers and earn an income for itself
20% 20%