RBI New Rules Today: Banks Must Publish Bulk FD Rates Daily at 10 AM
RBI's new rules apply today: banks must publish bulk FD rates online for ₹3-crore-plus deposits.
MUMBAI-The Reserve Bank of India's new banking rules come into effect today, bringing fresh transparency to bulk fixed deposits. Banks must now publish applicable interest rates on deposits of ₹3 crore or more on their official websites every working day.
The updated rates must be published at 10 AM each working day. This RBI directive helps corporates, institutions and large investors compare bulk FD rates across banks easily, avoid information gaps, and make better decisions on deposit placement and returns.
For depositors, the move signals stronger accountability in banking. Today's breaking news: bulk FD interest rates are now publicly visible online. Before investing ₹3 crore or more, check your bank's website daily at 10 AM for the latest RBI-mandated rates.
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