Banks Must Maintain an Extra Daily Average Balance with the RBI in Addition to the Required Daily Balance | RBI

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  • Last Updated on 14 September, 2023

bank's average daily balance

Notification No. DOR.RET.REC.30/12.01.001/2023-24., Dated 10.08.2023

RBI has directed that with effect from the fortnight beginning August 12, 2023, all Bank shall have to maintain with the Reserve Bank of India an additional average daily balance over and above the average daily balance required to be maintained u/s 42 1); and that the amount of such additional average daily balance shall not be less than 10 % of the increase in net demand and time liabilities between May 19, 2023 and July 28, 2023.

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