BusinessRBI Changes FD Interest Rate Rules Effective October 1, 2026
Starting October 1, 2026, the Reserve Bank of India will implement new rules for bulk fixed deposits. Banks must publish applicable bulk deposit interest rates on their websites by 10 am every business day with a 10-minute grace period. They must offer uniform rates for similar deposits accepted on the same day across branches. These changes apply to commercial banks and specified banking categories, emphasizing greater disclosure and consistency in pricing large deposits, typically starting at Rs 3 crore.
Business Standard·3h ago