The Reserve Bank of India amended its deposit interest rate directions for payments banks, requiring interest rates payable on deposits to strictly follow the schedule disclosed in advance on each bank’s website. The revised requirement takes effect on Oct. 1, 2026.
Reserve Bank of India2026-07-30
Reserve Bank of India requires payments banks to disclose deposit interest rates in advance
The Reserve Bank of India will require payments banks to pay deposit interest strictly according to the rate schedule disclosed in advance on their websites. The amendment takes effect on Oct. 1, 2026.