Reserve Bank of India mandates daily website disclosure of bulk fixed deposit rates from October 1, 2026

Key facts

• New Reserve Bank of India (RBI) rules changing how banks disclose interest rates on large fixed deposits take effect from October 1, 2026, bringing in daily rate disclosures and greater consistency across branches.
• From October 1, banks must publish applicable bulk deposit interest rates on their websites by 10 am every business day, with a 10-minute grace period allowing updates until 10.10 am.
• Banks must offer the same rate for similar bulk deposits accepted on the same day across their branches and for all customers; the changes follow the RBI's July 30, 2026 amendment to its directions on interest rates on deposits.
• Under the RBI framework, bulk deposits generally start at ₹3 crore for scheduled commercial banks, and large depositors can currently negotiate rates with banks depending on the size and nature of their deposit.
• The interest paid on a bulk deposit must match the rate disclosed by the bank in advance, and similar deposits accepted on the same day must carry the same interest rate across all branches and customers.
• Banks can still offer differential interest rates on bulk deposits based on applicable run-off rates under the Liquidity Coverage Ratio (LCR) framework, and this flexibility extends to relevant rupee deposits held by non-residents.
• Regular FD investors placing amounts such as ₹1 lakh, ₹5 lakh or ₹25 lakh face no major change, as the new provisions mainly deal with bulk deposits and how banks disclose their rates.