Question

What percentage of deposits is kept as cash by banks in India
(a) 25%
(b) 20%
(c) 15%
(d) 10%

Answer 1

Answer:

15% of Bank deposit is kept ad cash reserve for daily transaction in Indian bank

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....

Answer 2

15% of deposits is kept as cash by banks in India. Option(c) is the correct answer. Option(c) is the correct answer.

• In the Indian banking system, 15% of the total money deposited in the bank is kept as cash.
• These banks keep very little amount of the total deposit to pay any person who wants to withdraw his/her money from the banks.
• This money is kept in hand for depositors and provides loans with the rest of the money.

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