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As on : 31-Jul-2026
Economy - Reports
31-Jul-2026     16:08

RBI pens amendments to interest rate on deposits

The Reserve Bank of India (RBI) has updated its deposit interest rate guidelines to let banks offer different rates on bulk deposits based on liquidity under the Liquidity Coverage Ratio (LCR) framework. The new regulations, called the Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Second Amendment Directions, 2026, will take effect from October 1, 2026.

Banks can now set different interest rates on bulk deposits by considering run-off rates for deposits and unsecured wholesale funding as stated in the RBI's Asset Liability Management Directions, 2025. The changes also include stricter disclosure rules, requiring banks to publish interest rates for all deposits on their websites by 10 a.m. every business day.

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