The Reserve Bank of India (RBI) on June 08, 2026, issued the Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026 to further amend the Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025.
The following has been stated:
• In paragraph 20, the sub-paragraph “8. Fresh FCNR (B) deposits of minimum tenor of three years and maximum tenor of five years mobilized (including deposits that are renewed upon maturity) by the banks between June 8, 2026 and September 30, 2026 are exempt from maintenance of CRR from the reporting fortnight beginning July 1, 2026 (i.e., based on the NDTL computation as on June 15, 2026) and subsequent fortnights thereafter. The exemption on reserves maintenance is available for the original deposit amounts till such time the deposits are held in the bank books” shall be inserted.
• In paragraph 29(5), the words ‘paragraphs 20 (4), (5), (6) and (7)’ shall be substituted with ‘paragraphs 20 (4), (5), (6), (7) and (8)’.
These provisions shall come into force with immediate effect.
Please refer to the document attached below for more details.
[RBI/2026-27/102]
