(Per cent)

Bank Rate

Cash Reserve Ratio

Statutory Liquidity Ratio

Rate

Effective Date

Rate

Effective Date

Rate

Effective Date

3.5

05-07-1935

(a) 5% of DL & (b) 2% of TL

05-07-1935

20

16-03-1949

3

28-11-1935

(a) 5% of DL & (b) 2% of TL

06-03-1960

(a) 5% of DL & (b) 2% of TL

06-05-1960

25

16-09-1964

3.5

15-11-1951

(a) 5% of DL & (b) 2% of TL

11-11-1960

3

16-09-1962

5

29-06-1973

26

05-02-1970

4

16-05-1957

6

08-09-1973

27

24-04-1970

7

22-09-1973

28

28-08-1970

5

01-07-1974

4.5

14-12-1974

4.5

03-01-1963

4

28-12-1974

5

04-09-1976

29

04-08-1972

6

13-11-1976

30

17-11-1972

6

14-01-1977

5

26-09-1964

6

01-07-1978

6

05-06-1979

6.5

31-07-1981

32

08-12-1973

7

21-08-1981

6

17-02-1965

7.25

27-11-1981

7.5

25-12-1981

7.75

29-01-1982

33

01-07-1974

7.25

09-04-1982

5

02-03-1968

7

11-06-1982

7.5

27-05-1983

8

29-07-1983

34

01-12-1978

8.5

27-08-1983

6

09-01-1971

8.5

12-11-1983

9

04-02-1984

9

27-10-1984

34.5

25-09-1981

9

01-12-1984

35

30-10-1981

7

31-05-1973

9

26-10-1985

9

22-11-1986

9.5

28-02-1987

9.5

23-05-1987

35.5

28-07-1984

9

23-07-1974

10

24-10-1987

36

01-09-1984

10

23-04-1988

10.5

02-07-1988

11

30-07-1988

10

12-07-1981

15

01-07-1989

36.5

08-06-1985

15

04-05-1991

37

06-07-1985

15

11-01-1992

15

21-04-1992

11

04-07-1991

15

08-10-1992

12

09-10-1991

14.5

17-04-1993

37.5

25-04-1987

14

15-05-1993

14.5

11-06-1994

14.75

09-07-1994

15

06-08-1994

38

02-01-1988

11

16-04-1997

14.5

11-11-1995

10

26-06-1997

14

09-12-1995

9

22-10-1997

13.5

27-04-1996

13

11-05-1996

11.0

17-01-1998

12

06-07-1996

38.5

22-09-1990

10.5

19-03-1998

11.5

26-10-1996

10

03-04-1998

11

09-11-1996

9

29-04-1998

10.5

04-01-1997

10

18-01-1997

38.5

29-02-1992

9.75

25-10-1997

9.5

22-11-1997

8

02-03-1999

10

06-12-1997

10.5

17-01-1998

38.25

09-01-1993

10.25

28-03-1998

38

06-02-1993

10

11-04-1998

37.75

06-03-1993

Bank Rate

Cash Reserve Ratio

Statutory Liquidity Ratio

Rate

Effective Date

Rate

Effective Date

Rate

Effective Date

7

02-04-2000

11

29-08-1998

37.5

21-08-1993

8

22-07-2000

10.5

13-03-1999

37.25

18-09-1993

10

08-05-1999

34.75

16-10-1993

9.5

06-11-1999

9

20-11-1999

7.5

17-02-2001

8.5

08-04-2000

7

02-03-2001

8

22-04-2000

34.25

20-08-1994

6.5

23-10-2001

8.25

29-07-2000

33.75

17-09-1994

8.5

12-08-2000

31.5

29-10-1994

8.25

24-02-2001

8

10-03-2001

6.25

30-10-2002

7.5

19-05-2001

5.75

03-11-2001

25

25-10-1997

5.5

29-12-2001

5

01-06-2002

4.75

16-11-2002

6.0

30-04-2003

4.5

14-06-2003

24

08-11-2008

4.75

18-09-2004

5

02-10-2004

5.25

23-12-2006

5.5

06-01-2007

5.75

17-02-2007

6

03-03-2007

6.25

14-04-2007

6.5

28-04-2007

7

04-08-2007

7.5

10-11-2007

7.75

26-04-2008

8

10-05-2008

8.25

24-05-2008

8.5

05-07-2008

8.75

19-07-2008

9.0

30-08-2008

6.50

11-10-2008

6.00

25-10-2008

5.50

08-11-2008

5.00

17-01-2009

DL : Demand Liabilities                                           TL : Time Liabilities
Note : 1. Data for cash reserve ratio (CRR) are as percentage of net demand and time liabilities (NDTL) as per Section 42 of the RBI Act, 1934.
2. Till March 29, 1985, banks were required to maintain statutory liquidity ratio (SLR) as a prescribed proportion of demand and time liabilities (DTL) as on every Friday in the following week on a daily basis. Thereafter, it is being maintained daily on a fortnightly basis as a prescribed portion of NDTL as on last Friday of second preceding fortnight.
3. Data for CRR for the following period excludes additional reserve requirements or release/ exemption of CRR on incremental NDTL
(i) March 6, 1960 to November 10, 1960,
(ii) January 14, 1977 to July 30, 1981; and
(iii) November 12, 1983 to April 16, 1993.
4. It was announced that with effect from February 29, 1992, SLR would be based on NDTL as on April 3, 1992. In addition, there will be 30 per cent SLR on the increase in NDTL over April 3, 1992 level which was continued till January 8, 1993.
5. With effect from October 16, 1993 to October 28, 1994, SLR was applicable on NDTL as on September 17, 1993 which was continued till 16.9.1994. In addition, there was 25 per cent SLR on the increase in NDTL over September 17, 1993 level which was continued till August 19, 1994.
6. With effect from October 29, 1994, SLR was applicable on NDTL as on September 30, 1994. In addition, 25 per cent SLR was prescribed on the increase in NDTL over September 30, 1994 level.
7. In order to improve cash management by banks, effective from the fortnight beginning November 6, 1999, prescribed CRR was required to 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 was decided 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. It was also announced that cash in hand, which was counted for CRR purpose during the above period, cannot be treated as eligible asset for SLR purpose simultaneously.
8. Scheduled banks were allowed to avail additional liquidity support under the Reserve Bank’s liquidity adjustment facility (LAF) to the extent of up to one per cent of their NDTL and seek waiver of penal interest during September 17-November 7, 2008 after which SLR was reduced. Since October 15, 2008, banks were temporarily allowed to avail additional liquidity support to the extent of 0.5 per cent of their NDTL exclusively for the purpose of meeting the liquidity requirements of mutual funds and on November 1, 2008, the limit was increased to 1.5 per cent of their NDTL against their liquidity support for mutual funds and non-banking financial companies.