Can anyone plz explain this

M1=C+DD+OD, here OD is other deposits with RBI. These are the deposits held by the RBI of all economic units except the govt. and banks. OD includes demand deposits of public financial institutions (like IDBI, etc), foreign central banks and govt., the IMF, the world bank etc.

OD in M1 measure of money supply represents other deposits held by the RBI.

The other deposits held by the RBI comprises of the following three components.

1. Demand Deposits of the various public financial institutions such as Housing Development and Finance Corporation, etc. held with the RBI.

2. Demand Deposits of the foreign central banks and foreign government held with the RBI.

3. Demand Deposits of international financial institutions such as World Bank, etc.

However, it should be noted that OD does not include deposits of the government of the country held with the RBI and deposits of the country's banking system held with the RBI.