2026-07-30

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Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Second Amendment Directions, 2026

These directions modify the Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Directions, 2025, effective from October 01, 2026. Paragraph 7(3) is substituted to require that interest rates on bulk deposits be disclosed on bank websites by 10:10 am each business day, while paragraph 7(2) mandates uniform interest rates across all branches and customers for similar deposits accepted on the same date. New sub-paragraphs 10(4) and 27(3)(iv) are inserted into Chapters III and IV respectively, granting banks the freedom to offer differential interest rates on bulk deposits based on applicable run-off rates under the Liquidity Coverage Ratio framework as specified in the Asset Liability Management Directions, 2025.

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