As announced in the Statement on Developmental and Regulatory Policies on April 08, 2022, it has been decided to institute the Standing Deposit Facility (SDF) with immediate effect.
Accordingly, it is decided that the balances held by banks with the RBI under the SDF shall be an eligible Statutory Liquidity Ratio (SLR) asset and such balances shall form part of “Cash” for SLR maintenance. Banks shall report the SDF balances under “Cash in hand” in Form VIII or Form I, as applicable.
The balances held by banks with RBI under the SDF shall not be eligible for Cash Reserve Ratio (CRR) maintenance.
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