The RBI has amended deposit rules effective October 1, 2026. Learn about the impact on FD interest rates, the new rules, and what changes will be made for customers.
The Reserve Bank of India (RBI) has amended the rules related to bank deposits. The new rules will come into effect on October 1, 2026. These rules will apply to commercial banks, small finance banks, regional rural banks (RRBs), local area banks, payment banks, and urban cooperative banks.
However, this change does not mean that fixed deposit (FD) interest rates will automatically change from October 1. The RBI has clarified that these rules are intended to bring more transparency to customers and provide banks with additional flexibility in bulk deposits.
Will FD interest rates change?
If you are considering an FD, the biggest question is whether interest rates will increase or decrease. Currently, there is no answer to this. The RBI’s new rules do not mention any increase or decrease in interest rates. This means that from October 1st, only the rules will change, not the interest rates. Banks will continue to determine FD interest rates based on their needs, funding costs, liquidity, and market conditions.
What new rules will apply to interest rates?
According to the RBI, banks will now make information about interest rates on deposits public on their websites in advance. For bulk deposits in particular, banks must post interest rates on their websites by 10 a.m. every business day. If there is a delay, this information must be made available by 10:10 a.m. at the latest. This will ensure customers have easy access to interest rate information and the process will be more transparent.
Will the interest rate be the same for all customers?
The RBI has stated that deposits of the same amount and on the same date will be subject to the same interest rate across all branches. This means that different branches of a bank will not offer different interest rates for the same type of deposit. This will prevent any discrimination between customers.
In what areas have banks been exempted?
The RBI has given banks some flexibility in the matter of bulk deposits. Banks will be able to set different interest rates as needed. For this they will be able to keep in mind aspects like liquidity, funding cost and market conditions.
The post RBI’s deposit rules will change from October 1, know what will be the impact on those making FDs. first appeared on informalnewz.