Economy & Finance

RBI Enforces New Uniform Rates for Bulk Fixed Deposits From October 1

30 September 2026UPSCBankSSC

In Brief

Mandates banks to offer uniform interest rates for similar bulk deposits accepted on the same day across all branches.

The Reserve Bank of India's (RBI) revised regulations regarding bulk fixed deposits (FD) kick in from October 1, introducing operational changes for depositors and banking institutions.

Under the new guidelines, commercial banks must offer identical interest rates for similar bulk deposits accepted on the same day across all their branches. The rule applies uniformly to all customers, eliminating branch-wise variations or discretionary rate offerings on bulk deposits.

Source: Hindustan Times

#RBI-Bulk-FD#Fixed-Deposit-Rules#Banking-Regulation#Interest-Rates#RBI-Norms

Expert Study NotesMEDIUMGS3 — Economy

GS3 — Economy

📌 Exam Angle

A question can test understanding of RBI's regulatory framework for bulk fixed deposits, the implementation date of October 1, and the mandate requiring uniform interest rates across all branches for similar deposits accepted on the same day. This directly relates to banking sector regulation and consumer protection measures.

⚠️ Key Concerns

No specific implementation concern is stated in the supplied report.

💡 Why It Matters

The regulation standardizes bulk deposit pricing across branches, reducing discretionary rate-setting and ensuring uniform treatment of depositors with similar deposit profiles. This strengthens transparency and fair practices in the banking sector, aligning with RBI's consumer protection mandate.

🔑 Must Remember

• RBI's new bulk FD regulations become effective from October 1. • Banks must offer identical interest rates for similar bulk deposits accepted on the same day across all branches. • The rule eliminates branch-wise variations and discretionary rate offerings on bulk deposits.

📝 Key Terms

RBIbulk fixed depositsuniform interest ratescommercial banksOctober 1branch-wise standardizationregulatory complianceconsumer protection

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