The Reserve Bank of India revised deposit interest rate disclosure requirements for local area banks, effective Oct. 1, 2026. Deposit rates, including bulk deposit rates, must follow the schedule disclosed in advance on each bank’s website, with bulk rates published by 10:00 am and no later than 10:10 am on every business day. Banks must offer uniform deposit rates across all branches and customers. They may not discriminate between deposits of similar amounts accepted on the same date at any of their offices.
Reserve Bank of India2026-07-30
Reserve Bank of India revises local area bank deposit rate rules, requiring daily bulk rate disclosure by 10:10 am
The Reserve Bank of India revised deposit rate rules for local area banks, effective Oct. 1, 2026. Banks must publish bulk deposit rates by 10:10 am each business day and apply uniform rates across branches and customers to comparable deposits.