Banks now must maintain 99% of their CRR daily (up from 90%). Sounds technical? It’s actually a smart move to control excess cash in the system; ₹5.03 lakh crore surplus, to be exact. Why does this matter? Because tighter daily liquidity can push up short-term loan rates. If you’re taking a personal loan, business credit, or even a home loan soon, this could mean slightly higher EMIs. It’s not a rate hike; but it works like one. RBI Governor Sanjay Malhotra hinted this would happen after the MPC shifted to “calibrated tightening.” So, if you’ve been waiting to borrow, now might not be the cheapest time. Watch how banks adjust; and yes, this could trickle down to your savings too. Smart move by RBI? Maybe. For now, it’s one more reason to check your loan terms before signing.