Archive · 1 Oct 2026
RBI Bulk FD Rules Bring Daily Disclosure From October 1
The Reserve Bank of India is changing how banks show interest rates for very large fixed deposits.
The new rules begin on October 1.
Banks must put their bulk-deposit rates on their websites every working day.
They must publish the rates by 10 AM, with a 10-minute update window.
Banks must use the rate they announced before a qualifying deposit was made.
This helps big depositors compare rates before investing their money.
Most ordinary customers with smaller fixed deposits will not be affected.
Banks can still set different rates based on their funding and liquidity needs.
Banks must publish bulk fixed-deposit interest rates on their websites every working day.
Rates must be disclosed by 10 AM, with a 10-minute window for updates.
Eligible bulk deposits must receive the interest rate disclosed by the bank in advance.
For scheduled commercial banks, bulk deposits generally begin at ₹3 crore, though thresholds vary by bank category.
The changes mainly affect large depositors and are unlikely to affect most retail FD investors.
- Who
- The Reserve Bank of India, banks and depositors placing large sums in fixed deposits.
- What
- New disclosure and rate-application rules for bulk fixed deposits.
- When
- The rules take effect on October 1; rates must be published every working day.
- Where
- On banks' websites and in bank term-deposit transactions.
- Why
- To improve transparency and help large depositors compare and verify applicable interest rates.
Large Depositors
Banks
Transparency and pricing flexibility
Large Depositors
Published daily rate cards should make bulk-FD rates easier to verify, compare and negotiate, while reducing branch-level discrepancies.
Banks
Banks will still determine rates according to funding requirements, liquidity positions, business needs and the Liquidity Coverage Ratio treatment of deposits.
- Effective date
- October 1
- Rate publication frequency
- Every working day
- Publication deadline
- By 10 AM, with a 10-minute update window
- Typical bulk-deposit threshold
- ₹3 crore or more for a single rupee term deposit at scheduled commercial banks
- Rate obligation
- Banks must pay eligible bulk deposits according to the rate disclosed in advance
- Main beneficiaries
- Individuals, companies, trusts and other depositors placing large sums
- Retail impact
- Most conventional retail FDs below the applicable threshold are generally not affected