Is CRR maintained monthly

The Cash Reserve Ratio (CRR) is typically maintained on a daily basis by commercial banks, as they are required to hold a specific percentage of their net demand and time liabilities in reserve with the central bank. However, the central bank may review and adjust the CRR periodically, which could be monthly or at different intervals depending on economic conditions. Thus, while the maintenance is daily, the adjustments to the CRR can occur monthly or as deemed necessary by the central bank.