Economy, asked by anshraj20079876, 8 months ago

How much amount of the deposits is kept as cash by the banks and why? ​

Answers

Answered by mehakbhatia45
4

According to CRR, 4% of the Bank deposit is kept as cash reserve for daily transactions in Indian bank. Explanation: Cash Reserve Ratio suggests that Indian banks should require possessing a specific proportion of money deposits in the form of cash.

Answered by Roshi06
2

Answer:

According to CRR, 4% of the Bank deposit is kept as cash reserve for daily transactions in Indian bank.

Explanation:

Cash Reserve Ratio suggests that Indian banks should require possessing a specific proportion of money deposits in the form of cash...

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