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RBI's New Bulk Deposit Rules Kick In October 1: Key Changes Explained
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CNBC TV18•28-09-2026, 12:31
RBI's New Bulk Deposit Rules Kick In October 1: Key Changes Explained
- •New RBI rules on interest-rate disclosure for bulk deposits take effect October 1, impacting regional rural banks.
- •Banks must strictly adhere to interest rates disclosed on their websites for all deposits, including bulk deposits.
- •Applicable bulk deposit interest rates must be published on bank websites by 10:10 am every business day.
- •Interest rates offered on deposits must be uniform across branches and customers, prohibiting discrimination based on amount or date.
- •Banks gain flexibility in pricing eligible bulk deposits and non-resident rupee deposits based on LCR run-off rates, but not for deposits below –3 crore.
Key Questions Answered
The new Reserve Bank of India bulk deposit rules are set to take effect on October 1, 2026.
Banks are required to disclose their applicable bulk deposit interest rates on their websites by 10:00 am every business day, with a final grace period deadline of 10:10 am.
No, the RBI does not allow banks to extend LCR-linked differential pricing to deposits below ₹3 crore because it could make the pricing too subjective and complex.
