The Reserve Bank of India has released draft amendment directions that would give banks greater flexibility in pricing rupee bulk deposits while seeking uniform disclosure of interest rates on deposits. The proposals cover commercial banks, small finance banks, regional rural banks, payment banks, local area banks and urban co-operative banks. Separate draft amendments have been issued for each of those categories under the interest rate on deposits framework. Comments from regulated entities, members of the public and other stakeholders are invited until June 20, 2026.
Reserve Bank of India2026-06-05
Reserve Bank of India consults on draft deposit rate changes to ease rupee bulk deposit pricing and standardise disclosures
The Reserve Bank of India has issued draft amendment directions to give banks greater flexibility in pricing rupee bulk deposits and to standardise disclosure of deposit interest rates. Separate draft amendments have been proposed for commercial banks, small finance banks, regional rural banks, payment banks, local area banks and urban co-operative banks.