RBI Introduces New Bulk‑Deposit FD Interest Rules Effective Oct 1 2026

The Reserve Bank of India (RBI) has issued new guidelines governing interest rates on bulk‑deposit fixed deposits of ₹3 crore or more. Under the rules, banks may set rates based on the liquidity coverage ratio of the deposit, but must publish the rates on their websites by 10:00 a.m. each business day (or by 10:10 a.m. at the latest). The same rate must be offered to all customers who place the same amount, regardless of branch or account holder.

The framework applies to commercial banks, small‑finance banks, regional rural banks, payment banks, local area banks and urban co‑operatives. It aims to increase transparency, curb private negotiations, and foster competition for large‑scale deposits from corporations, trusts, and high‑net‑worth individuals. The regulations take effect on 1 October 2026.