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Cash Reserve Ratio

 

Cash Reserve Ratio (CRR) is the stipulated minimum percentage of the total deposit base of a bank that it has to maintain with the central bank to meet any unforeseen large customer withdrawals. The amount specified by CRR is held as cash or deposits with the central bank which could be used in case of an emergency cash requirement. In India, the Reserve Bank of India (RBI), like all other key policy rates and ratios, also sets the CRR which is currently at 4%. Lately, there has been talk of the RBI cutting CRR in its policy review meeting on Tuesday to help banks cut their lending rates. Globally, central banks use CRR as a monetary policy tool. In situations when there is excess liquidity in the banking system, central banks hike CRR to suck out some extra liquidity. They cut CRR in situations where the system is short on liquidity as a cut releases some extra liquidity into the system. Since changes in CRR lead to changes in the system liquidity, it also can be used to influence the rate of interest banks charge to their borrowers.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

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Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

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Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications