2026-07-30

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

These Amendment Directions modify the Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Directions, 2025, effective from October 01, 2026. They substitute paragraph 6(3) to require that interest rates on bulk deposits be disclosed on the bank's website by 10:10 am each business day, and substitute paragraph 6(2) to mandate uniform interest rates across all branches and customers for deposits of similar amounts on the same date. Additionally, new sub-paragraphs 9(4) and 26(3)(iv) are inserted to allow banks to offer differential interest rates on bulk deposits by considering applicable run-off rates under the Liquidity Coverage Ratio framework as specified in the Asset Liability Management Directions, 2025.

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