Regulatory Alerts2026-07-30
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Reserve Bank of India (Payments Banks – Interest Rate on Deposits) Amendment Directions, 2026
The Reserve Bank of India amends the Directions dated November 28, 2025, by substituting paragraph 6.3 in Chapter II regarding General Guidelines for Interest Rate Framework. The revised text mandates that interest rates payable on deposits must be strictly in accordance with the schedule disclosed in advance on the bank’s website. These Amendment Directions come into effect from October 01, 2026.
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