All Banks/DFIs

Dear Sirs/Madam,

Maintenance of Cash Reserve Requirements (CRR),

Statutory Liquidity Requirements (SLR) &

Cash Reserves (against FE-25 Deposits)

Please refer to DMMD Circular no. 20, 21 and 22 dated November 03, 2011 regarding maintenance of CRR, SLR and Cash Reserves (FE-25) respectively.

In terms of BPRD Circular Letter No. 14 dated June 26, 2012, Banks has been advised to incorporate the impact of Saturday, June 30, 2012 clearings and the permissible activities by designated branches on the same day, in the books of accounts for preparation of their quarterly/half-yearly financial statements.

Keeping in view of the above, it is decided that:

1. For the purpose of maintaining CRR and SLR, during the week starting from July 06, 2012 and ending on July 12, 2012, TDL as of close of business on Saturday, June 30, 2012 will be used instead of Friday, June 29, 2012.
2. For the purpose of maintaining cash reserves in CRA and SCRA, during the week starting from July 06, 2012 and ending on July 12, 2012, FE-25 deposits as of close of business on Saturday, June 30, 2012 will be used instead of Friday, June 29, 2012.

These instructions are issued only for the week specified above. Therefore, in all other cases, maintenance of CRR, SLR and Cash Reserves (FE-25) will be as per instructions issued vide DMMD Circular no. 20, 21 and 22 dated November 03, 2011 respectively.