Current · Source: Reserve Bank of India · official publication, rbi.org.in · ~2 min read
Quick answerFrom Oct 1, 2026, banks must disclose bulk deposit rates on their websites by 10:10 am daily, ensure uniform rates across branches, and may price bulk deposits differently based on LCR run-off rates.
The rule, in the simplest words
Banks must put deposit rates, including bulk deposits, on their website by 10:10 am every working day.
The same rate must be given to all customers for similar deposits taken on the same day, at any branch.
Banks can now pay different rates on bulk deposits if the difference is based on the LCR run-off rate (a measure of how quickly money might leave the bank).
These rules apply to both domestic rupee deposits and non-resident rupee deposits.
The new rules start on October 1, 2026.
How it plays out — a real example
Rohan, the head of deposits at a mid-sized bank, logs into the system at 9:55 am and sees the new bulk deposit rate for 1-year tenor. He publishes it on the website by 10:05 am, well before the 10:10 deadline. Later, he reviews the LCR run-off rates and decides to offer a slightly lower rate on a 3-month bulk deposit because its run-off rate is higher, ensuring the bank's liquidity position stays strong.
What changed
The RBI has replaced paragraph 7(3) to require that all deposit rates, including bulk deposits, be disclosed on the bank's website by 10:10 am each business day. Paragraph 7(2) now explicitly mandates uniform interest rates across all branches and customers for similar deposits accepted on the same date. New sub-paragraphs 10(4) and 27(3)(iv) allow banks to offer differential rates on bulk deposits based on LCR run-off rates.
What it means for you
Banks must update their deposit rate disclosure processes to meet the strict 10:10 am deadline, which may require automated systems. The uniformity rule reinforces non-discrimination, so banks cannot offer preferential rates to select customers. The LCR-based flexibility allows banks to price bulk deposits more strategically, potentially lowering costs for stable funding and managing liquidity risk better.
What you must do
Review and update your deposit rate disclosure mechanism to ensure bulk deposit rates are published on the website by 10:10 am on each business day.
Audit branch-level practices to confirm uniform interest rates for similar deposits accepted on the same date, eliminating any discrimination.
Assess your LCR run-off rate categories and consider adjusting bulk deposit pricing to reflect differential run-off rates.
Train treasury and retail banking teams on the new compliance timeline and pricing flexibility.
Coordinate with IT to automate rate publication and timestamping for audit trails.
Who it affects
Commercial banks, Treasury and asset-liability management (ALM) teams, Retail and corporate deposit operations, Compliance and risk management functions
❓ Common questions
What is the exact deadline for disclosing bulk deposit rates?
Banks must disclose bulk deposit rates on their website by 10:00 am with a grace period of 10 minutes, so latest by 10:10 am on each business day.
Can banks offer different rates to different customers for bulk deposits?
No, the amended rule requires uniform rates for similar deposits accepted on the same date at any branch. However, banks can differentiate based on LCR run-off rates as per the new sub-paragraphs.
When do these changes take effect?
The amendment directions come into effect from October 1, 2026.
Audit branch-level practices to confirm uniform interest rates for similar deposits accepted on the same date, eliminating any discrimination.
📜 Compliance
Review and update your deposit rate disclosure mechanism to ensure bulk deposit rates are published on the website by 10:10 am on each business day.
Assess your LCR run-off rate categories and consider adjusting bulk deposit pricing to reflect differential run-off rates.
Train treasury and retail banking teams on the new compliance timeline and pricing flexibility.
Coordinate with IT to automate rate publication and timestamping for audit trails.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are a Compliance officer at a bank this circular applies to (Commercial banks, Treasury and asset-liability management (ALM) teams, Retail and corporate deposit operations, Compliance and risk management functions), your first concrete step on “RBI Amends Bulk Deposit Rate Rules, Adds LCR-Based Pricing” is: “Review and update your deposit rate disclosure mechanism to ensure bulk deposit rates are published on the website by 10:10 am on each business day.”.
Action required: Review and update your deposit rate disclosure mechanism to ensure bulk deposit rates are published on the website by 10:10 am on each business day.
Action required: Audit branch-level practices to confirm uniform interest rates for similar deposits accepted on the same date, eliminating any discrimination.
Action required: Assess your LCR run-off rate categories and consider adjusting bulk deposit pricing to reflect differential run-off rates.
Action required: Train treasury and retail banking teams on the new compliance timeline and pricing flexibility.
Action required: Coordinate with IT to automate rate publication and timestamping for audit trails.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 Banker Discussion
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 01 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13656&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Help us keep this accurate
Found an inaccuracy or have an improvement? Tell us. Every report is reviewed by our team before any change is made — nothing goes live unverified.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
BANKPULSE · FREE DAILY BRIEF
Get RBI updates for your role
Every important RBI update, decoded in plain English — for your career, exams & financial awareness.
We collect only your email, name and role, used solely to send your brief — never sold or shared. Withdraw anytime via the unsubscribe link in any email. Independent platform, not affiliated with the RBI. Information, not legal advice.
REPORT AN ERROR · BETA
Spotted an error? Earn 500 BankPulse Credits
Help us stay accurate. If your correction is verified true and approved by our founder, you earn 500 BankPulse Credits — redeemable when the platform monetises.
Reviewed by a human before any credit is awarded. We never change the site from crowd input without verification.
WANT A NEW FEATURE · BETA
What would make BankPulse more useful for you?
Tell us what to build next — a tool, a data view, a role page, anything. We read every suggestion.
Thank you — your ideas directly shape what we build.