How much percentage of bank deposits are kept as cash reserve for daily transactions in Indian banks

Dear Student,

a. Banks basically hold about 15% of the cash deposit as the reserve to meet the needs of the depositors.
b. This is done to meet the needs of its clients who may come to withdraw the cash, thus, bank at lesat have some percentage of cash reserve to cater to their needs.


Regards

  • 5
Its 15 percent
  • 2
Currently banks hold 15 percent of their deposits as cash wiylth themselves.They offer 8 percent interest on those deposits to the depositors
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