RBI Issues Amendment Directions on Interest Rate on Deposits
RBI press-release 2026-2027/781 · 30 Jul 2026
Summary
Check the official recordWhat changed
The Reserve Bank of India issues final amendment directions for interest rates on deposits. These directions follow a draft proposal from June 2026. The amendments provide banks with more flexibility to price Rupee bulk deposits. The directions also ensure uniform disclosure of interest rates on deposits. These rules apply to commercial banks, small finance banks, regional rural banks, payment banks, local area banks, and urban co-operative banks. The directions take effect on October 01, 2026.
Key dates
- Effective from
- 01 Oct 2026
- Effective date of the amendment directions
- 01 Oct 2026
Who is affected
Document text
July 30, 2026
RBI Issues Amendment Directions on Interest Rate on Deposits
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft “Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholders on or before June 20, 2026. The draft Amendment Directions proposed to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits.
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Feedback received on the above draft Amendment Directions has been examined and the consequent modifications have been suitably incorporated in the final Amendment Directions. A statement on the feedback received on the aforementioned draft Amendment Directions is provided in the Annex.
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Accordingly, the Reserve Bank has today issued the following Amendment Directions, which shall come into effect from October 01, 2026.
I. Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Second Amendment Directions, 2026. II. Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Second Amendment Directions, 2026. III. Reserve Bank of India (Regional Rural Banks – Interest Rate on Deposits) Second Amendment Directions, 2026. IV. Reserve Bank of India (Payment Banks – Interest Rate on Deposits) Amendment Directions, 2026. V. Reserve Bank of India (Local Area Banks – Interest Rate on Deposits) Second Amendment Directions, 2026. VI. Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Second Amendment Directions, 2026.
(Brij Raj) Press Release: 2026-2027/781 Chief General Manager
ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, कᱶᮤीय कायार्लय, शहीद भगत ᳲसंह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
Source details
- Source
- Reserve Bank of India
- Type
- press-release
- Published by source
- 30 Jul 2026
- Document number
- 2026-2027/781
- Issuing division
- Department of Communication
- Effective date
- 01 Oct 2026
- Coverage area
- banking