The Presidents/Chief Executives

All Banks/DFIs

Maintenance of Statutory Liquidity Requirements (SLR)

Please refer to DMMD Circular 21 of 2011 on the captioned subject.

It has been decided that, for the purpose of maintaining SLR during the fortnight starting from Friday and ending on Thursday of subsequent week, Time and Demand Liabilities (TDL) as of close of business on Friday (first day of the fortnight) will be taken into account for determination of required SLR. If Friday is a holiday then TDL as of close of business on preceding working day will be taken into account.

The above instructions will be effective from October 12, 2012. The TDL to be used for SLR maintenance during fortnight starting from October 12, 2012 and ending on October 25, 2012 would be as of October 12, 2012. All other instructions on the subject shall, however, remain unchanged.