Economy
RBI Overhauls Deposit Interest Rules Effective October 1
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THE BRIEF
1
The Reserve Bank of India will implement new deposit interest rate disclosure rules on October 1, 2026, to ensure uniformity across all bank branches.
2
Banks must publish interest rate schedules on their websites daily by 10:00 am, with no discrimination allowed between similar deposits accepted on the same date.
3
The framework grants banks greater flexibility in pricing bulk deposits while mandating transparency to help retail customers compare rates more effectively.