The Reserve Bank of India (RBI) has revised the rules governing bank deposit interest rates, with the new framework set to take effect from October 1, 2026. The changes aim to bring greater transparency in fixed deposit pricing, ensure uniform interest rates across bank branches and provide banks more flexibility in pricing bulk deposits.
Uniform FD rates across bank branches
One of the biggest changes is that banks will no longer be allowed to offer different interest rates on similar deposits accepted on the same day merely because they were opened at different branches.
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Source: Business Today
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