2026-06-19
Added · Updated
Fresh Non-Resident (External) Rupee (NRE) term deposits with a tenor of three years or more mobilized by Regional Rural Banks between June 19, 2026, and September 30, 2026 are exempt from the maintenance of Cash Reserve Ratio (CRR). This exemption applies to original deposit amounts held in bank books and excludes any transfers from Non-Resident (Ordinary) (NRO) accounts to NRE accounts. The exemption becomes effective from the reporting fortnight beginning July 16, 2026, based on Net Demand and Time Liabilities (NDTL) computation as of June 30, 2026. The directions modify paragraph 20 of the existing 2025 Directions by inserting new sub-paragraph 6, update cross-references in paragraph 28(5), and renumber items in Annex A to Form A to reflect the new provision.
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