Home › Circulars › RBI notification 13660

RBI Tightens Deposit Rate Disclosure for Local Area Banks

Current · Source: Reserve Bank of India · official publication, rbi.org.in · ~2 min read
Quick answerFrom Oct 1, 2026, Local Area Banks must publish bulk deposit rates on their websites by 10:10 am daily and ensure uniform rates across branches and customers. No discrimination allowed for similar deposits on the same date.
The rule, in the simplest words
How it plays out — a real example

Ravi, the head of deposits at a Local Area Bank, sets a daily reminder to upload the bulk deposit rate schedule to the website before 10:10 am. He also runs a monthly check to ensure that no branch is offering a slightly higher rate to a corporate client, because the new rule forbids any difference for similar deposits on the same date.

What changed

RBI issued the Second Amendment Directions, 2026, revising the 2025 Directions on deposit interest rates. The key change: bulk deposit rates must be disclosed on the bank's website by 10:10 am (10:00 am with 10-minute grace) each business day. Also, rates on all deposits, including bulk, must be uniform across branches and customers, with no discrimination between similar deposits accepted on the same date.

What it means for you

Local Area Banks must now maintain a transparent, real-time rate disclosure process for bulk deposits, reducing room for discretionary pricing. The uniformity rule reinforces fair treatment, preventing branch-level or customer-specific rate variations. Banks need to align their systems and internal policies to ensure compliance by the effective date.

What you must do

Who it affects

Local Area Banks, Deposit operations teams, Treasury and asset-liability management, Compliance and audit functions

❓ Common questions

What is the exact deadline for publishing bulk deposit rates?

Bulk deposit rates must be disclosed on the bank's website at 10:00 am, with a grace period of 10 minutes, so latest by 10:10 am on each business day.

Does the uniformity rule apply to all deposits or only bulk deposits?

The uniformity rule applies to all deposits, including bulk deposits. Rates must be uniform across branches and customers, with no discrimination between similar deposits accepted on the same date.

When do these amendments take effect?

The amendments come into effect from October 1, 2026.

🧰 Tools — save, print, templates & related
Topics: Deposits / Interest Rates
Most relevant forTeller / Cashier / Customer Service OfficerPersonal Banker / Branch RM (Portfolio)Branch Sales / CASA Acquisition OfficerBranch Manager — Private Bank / SFBBranch Manager — PSU / Co-op / RRB (sanctioning powers)Branch Operations (Accounts / FD / CASA)
🛠 Banker’s toolkit — checklists & reply templates →
Key dataSee the live numbers behind this topic: Repo Rate Timeline, Credit & Deposit Growth — updated from official RBI data.
Key termsPlain-English definitions of terms in this circular — see the full Indian banking glossary. Repo rate · CASA · Statutory Liquidity Ratio (SLR) · Deposit insurance (DICGC)
Related circulars · Department of Regulation
SFB Pillar 3 Disclosure Norms Aligned with BaselUCB Deposit Rate Disclosure & Uniformity Rules UpdatedLAB Deposit Rate Disclosure & Uniformity Rules TightenedPayments Banks: Interest Rates Must Match Disclosed ScheduleRBI Updates Bulk Deposit Rate Rules and Disclosure Timing
Browse all departments →
Who does what — compliance checklist
🏦 Branch Manager
  • Review and standardize deposit pricing across all branches to ensure identical rates for similar deposits accepted on the same date.
📜 Compliance
  • Update your website's deposit rate schedule to include bulk deposit rates and ensure they are posted by 10:10 am on each business day.
  • Train staff on the new disclosure and uniformity requirements to avoid inadvertent discrimination.
  • Audit current deposit rate practices to identify and rectify any non-uniformity before October 1, 2026.
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 (Local Area Banks, Deposit operations teams, Treasury and asset-liability management, Compliance and audit functions), your first concrete step on “RBI Tightens Deposit Rate Disclosure for Local Area Banks” is: “Update your website's deposit rate schedule to include bulk deposit rates and ensure they are posted by 10:10 am on each business day.”.

  1. Circular: https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13660&Mode=0 -- RBI Tightens Deposit Rate Disclosure for Local Area Banks
  2. Issued: 01 Aug 2026, 04:26 IST
  3. Action required: Update your website's deposit rate schedule to include bulk deposit rates and ensure they are posted by 10:10 am on each business day.
  4. Action required: Review and standardize deposit pricing across all branches to ensure identical rates for similar deposits accepted on the same date.
  5. Action required: Train staff on the new disclosure and uniformity requirements to avoid inadvertent discrimination.
  6. Action required: Audit current deposit rate practices to identify and rectify any non-uniformity before October 1, 2026.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. 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.

Loading comments…
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=13660&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.
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 ↗
—