BusinessRBI Implements New FD Rules for Bulk Deposits from October 1
The Reserve Bank of India (RBI) has introduced new rules for bulk Fixed Deposits (FDs) of Rs 3 crore and above, effective October 1. Banks must disclose interest rates for such deposits daily on their websites by 10 AM, with a 10-minute update window. The rate paid will match the disclosed rate, ensuring transparency and consistency for large depositors.
News18 Business·4h ago



