meta_id 3254371

The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Third Amendment Directions, 2026. The amended directions contain: Regulations prescribing an exemption from the maintenance of the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) for fresh Non-Resident (External) Rupee (NRE) term deposits with a tenor of three years or more, mobilized between June 19, 2026, and September 30, 2026. Specific rules mandating that this exemption applies to the original deposit amounts for as long as they are held in the bank's books, including deposits that are renewed upon maturity. Provisions outlining that any funds transferred from Non-Resident (Ordinary) (NRO) accounts to NRE accounts will not qualify for these reserve maintenance exemptions. Administrative amendments updating the reporting forms to explicitly include the new NRE term deposits category starting from the reporting fortnight beginning July 16, 2026. The amendments take immediate effect.