M0(Reserve money):
Currency in circulation + Banker's deposit with the RBI + Other deposits with the RBI
M1(Narrow money)
Currency with public + Deposit money of the public(Demand deposits with the banking system + other deposits with the RBI)
M2(Near money)
M1+ Savings deposit with post office savings scheme.
M3
M1+ Time deposits with banking system.
M4
M3+ All deposits with post office savings banks(excluding national savings certificate)
Y.V Reddy committee recommended the measurements of M0,M1,M2,M3,M4.
Y.V Reddy committee recommended the measurements of M0,M1,M2,M3,M4.
