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The Reserve Bank of India amends the interest rate disclosure requirements for Urban Co-operative Banks. Banks must disclose interest rates for all deposits on their website in advance. Banks must ensure interest rates remain uniform across all branches and for all customers. Banks must not discriminate between deposits of similar amounts accepted on the same date. For bulk deposits, banks must disclose interest rates on their website at 10:00 am with a grace period of 10 minutes. Banks must complete this disclosure by 10:10 am on each business day. These instructions apply to all Urban Co-operative Banks. The changes take effect on October 01, 2026.
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RBI/2026-27/219 DOR.SOG(SPE).REC.181/13.03.00/2026-27 July 30, 2026
Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Second Amendment Directions, 2026
Please refer to the Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Directions, 2025 (hereinafter referred to as ‘Directions’), dated November 28, 2025. On a review, it has been decided to issue revised instructions pertaining to disclosure of interest rates on deposits.
Accordingly, in exercise of the powers conferred by Section 35A read with Section 56 of the Banking Regulation Act,1949 and all other laws enabling the Reserve Bank India (RBI) in this regard, the RBI, being satisfied that it is necessary and expedient in public interest so to do, hereby issues the Amendment Directions hereinafter specified.
These Amendment Directions shall be called the Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Second Amendment Directions, 2026.
These Amendment Directions shall come into effect from October 01, 2026.
These Amendment Directions shall modify the Directions, as under:
(1) In Chapter II on ‘General Guidelines (Interest Rate Framework)’, the paragraph 6(3) shall be substituted by the following, namely:
Interest rates payable on deposits, including bulk deposits, shall be strictly as per the schedule of interest rates disclosed in advance on the bank’s website. However, interest rates payable on bulk deposits shall be disclosed on the bank’s website at 10:00 am with a grace time of 10 minutes, latest by 10:10 am, on each business day.
(1)(a) In Chapter II on ‘General Guidelines (Interest Rate Framework)’, the paragraph 6(2) shall be substituted by the following, namely:
The interest rates offered on deposits, including bulk deposits, shall be uniform across all branches and for all customers and there shall be no discrimination in the matter of interest paid on the deposits, between one deposit and another deposit of similar amount, accepted on the same date, at any of its offices.
(Dr. Sudarsana Sahoo) Chief General Manager
