{"what_this_is":"The machine-readable twin of the BankPulse page for one RBI rulebook. Same points, same dates, same paragraph references as the page a person reads. RBI's own wording is not reproduced here: each point names the RBI paragraph, the character offset into the text BankPulse read and the sha256 of that text, so the claim can be checked against RBI's own document.","schema_version":1,"release_id":"d653cdb0a5","generated_at":"2026-09-15T00:33:59.117975+00:00","id":"md13003","title":"Reserve Bank of India (Rural Co-operative Banks – Interest Rate on Deposits) Directions, 2025 (Updated as on June 17, 2026)","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13003","status":"In force","importance":{"code":"MR","label":"MUST READ","weight":"Must read","why":"Deposit-rate rules drive branch products and ALM","layer":"bankpulse_inference"},"applies_to":{"shown":"Rural co-operative banks","class_code":"RURAL_COOP","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13003","mode":"four_dates_v1","published":{"label":"Published","value":"Nov 28, 2025","stated":true,"why":"The day RBI put this document out."},"effective":{"label":"Starts to apply","value":"June 17, 2026","stated":true,"why":"The day this rule starts to apply, as RBI's own text states it."},"transition":{"label":"Time to get ready","value":"201 days","stated":true,"why":"The room between the day it was published and the day it starts to apply."},"deadline":{"label":"Last date to act","value":"","stated":false,"why":"No date to act by was found in this document. Other dates may sit inside single paragraphs."},"sources":{"published":"doc_date in data/highlights/md13003.json","effective":"data/date_kinds.json kind=effective_date","transition":"worked out from published and starts-to-apply","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13003","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:19:56 UTC","text_sha256":"d1a03f98346af27a930a7cc709cbf7c59491d10c7f0adbc786ca043bbb88b80c","word_count":6184,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":33,"points_naming_an_rbi_paragraph":33,"points_stored":33,"actions":0,"amendments":2},"points":[{"n":1,"claim":"md13003-cfa6fbc6","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Starts on the website date","plain_english":"The rules start on the day RBI puts them on its own website.","rbi_paragraph":"Para 2","rbi_char_offset":4760,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p1","layer":"bankpulse"},{"n":2,"claim":"md13003-11d66cf0","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who must follow this","plain_english":"These rules apply to every rural co-operative bank.","rbi_paragraph":"Para 4","rbi_char_offset":5053,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p2","layer":"bankpulse"},{"n":3,"claim":"md13003-37520893","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"What a bulk deposit is","plain_english":"A bulk deposit is a single rupee term deposit of fifteen lakh or more.","rbi_paragraph":"Para 5(2)","rbi_char_offset":5773,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":"A rural co-operative bank takes a single rupee term deposit of ₹15 lakh from a trust. That is a bulk deposit, because the definition covers a single rupee term deposit of ₹15 lakh and above. Only on a bulk deposit may the bank offer a rate away from its published schedule.","anchor":"https://bankpulse.ai/rule/md13003#p3","layer":"bankpulse"},{"n":1,"claim":"md13003-7342abb7","page_group":"Chapter II. General Guidelines (Interest Rate Framework)","stored_section":"THE CORE IDEA","heading":"Same rate everywhere","plain_english":"The rate offered must be the same at every branch and for every customer on the same day.","rbi_paragraph":"Para 6(2)","rbi_char_offset":10169,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p4","layer":"bankpulse"},{"n":2,"claim":"md13003-35d538d5","page_group":"Chapter II. General Guidelines (Interest Rate Framework)","stored_section":"THE CORE IDEA","heading":"One board policy covers it","plain_english":"The board must approve one policy covering deposit rates and every premature withdrawal penalty.","rbi_paragraph":"Para 6(1)","rbi_char_offset":9748,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p5","layer":"bankpulse"},{"n":1,"claim":"md13003-1bf20793","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"No interest on current accounts","plain_english":"A current account earns no interest.","rbi_paragraph":"Para 7","rbi_char_offset":11709,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p6","layer":"bankpulse"},{"n":2,"claim":"md13003-bdb447b7","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"One exception, on death","plain_english":"A dead depositor's current account earns the savings rate from the date of death until it is paid out.","rbi_paragraph":"Para 7","rbi_char_offset":11787,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p7","layer":"bankpulse"},{"n":3,"claim":"md13003-f933d8f6","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Uniform rate to a lakh","plain_english":"Up to one lakh rupees every savings account gets the same rate. Above that the bank may vary it.","rbi_paragraph":"Para 8(1)","rbi_char_offset":12372,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p8","layer":"bankpulse"},{"n":4,"claim":"md13003-8233661a","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Seven days is the floor","plain_english":"No term deposit may run for less than seven days.","rbi_paragraph":"Para 9(1)","rbi_char_offset":12968,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p9","layer":"bankpulse"},{"n":5,"claim":"md13003-37372f2c","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Different rates only in bulk","plain_english":"A bank may offer a different rate only on bulk deposits.","rbi_paragraph":"Para 9(2)","rbi_char_offset":13047,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p10","layer":"bankpulse"},{"n":6,"claim":"md13003-9317ee91","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"A crore and under breaks","plain_english":"Every term deposit of one crore or less held by an individual or a family must allow early withdrawal.","rbi_paragraph":"Para 9(3)","rbi_char_offset":13408,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p11","layer":"bankpulse"},{"n":7,"claim":"md13003-061bba5b","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Broken early, paid pro rata","plain_english":"On early withdrawal the depositor gets the rate for the period the money actually stayed, not the booked rate.","rbi_paragraph":"Para 10(1)","rbi_char_offset":13728,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p12","layer":"bankpulse"},{"n":8,"claim":"md13003-0da66036","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Nothing before the floor","plain_english":"Break it before the minimum period and no interest is paid at all.","rbi_paragraph":"Para 10(2)","rbi_char_offset":13880,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p13","layer":"bankpulse"},{"n":9,"claim":"md13003-61dd1e66","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"One per cent for staff","plain_english":"The bank may pay its own staff one per cent above the card rate.","rbi_paragraph":"Para 11","rbi_char_offset":14119,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p14","layer":"bankpulse"},{"n":10,"claim":"md13003-a2f525e9","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Senior citizen schemes allowed","plain_english":"The bank may run term deposit schemes for resident senior citizens at higher fixed rates.","rbi_paragraph":"Para 12","rbi_char_offset":16714,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p15","layer":"bankpulse"},{"n":11,"claim":"md13003-9cf9e122","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Not in a family name","plain_english":"The senior citizen rate is not available on a deposit standing in the name of a Hindu undivided family.","rbi_paragraph":"Para 12","rbi_char_offset":16897,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p16","layer":"bankpulse"},{"n":12,"claim":"md13003-3606848d","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Retired staff can get both","plain_english":"A retired staff member who is a senior citizen may get the senior citizen rate on top of the staff rate.","rbi_paragraph":"Para 13","rbi_char_offset":17092,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p17","layer":"bankpulse"},{"n":13,"claim":"md13003-1e5e922e","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Unclaimed on maturity","plain_english":"Money left after a term deposit matures earns the savings rate or the booked rate, whichever is lower.","rbi_paragraph":"Para 15","rbi_char_offset":17647,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p18","layer":"bankpulse"},{"n":14,"claim":"md13003-f4af21dd","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Floating rates need a benchmark","plain_english":"A floating rate term deposit must follow a market benchmark anyone can observe.","rbi_paragraph":"Para 16","rbi_char_offset":17829,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p19","layer":"bankpulse"},{"n":15,"claim":"md13003-4f0d8c06","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"No penalty on clean split","plain_english":"Splitting a dead depositor's deposit among claimants draws no penalty if the period and the total do not change.","rbi_paragraph":"Para 22","rbi_char_offset":19296,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p20","layer":"bankpulse"},{"n":16,"claim":"md13003-591adc9f","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHO SHOULD ACT","heading":"Credit savings interest quarterly","plain_english":"Savings interest is credited every quarter, or at longer gaps.","rbi_paragraph":"Para 17","rbi_char_offset":18031,"weight":"DO IT","role":"Compliance","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p21","layer":"bankpulse"},{"n":17,"claim":"md13003-8671efa7","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHO SHOULD ACT","heading":"Frozen accounts still get credited","plain_english":"A savings account frozen by the authorities must still be credited on the usual cycle.","rbi_paragraph":"Para 18","rbi_char_offset":18125,"weight":"DO IT","role":"Compliance","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p22","layer":"bankpulse"},{"n":18,"claim":"md13003-4d31ac13","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHO SHOULD ACT","heading":"A board policy for penalties","plain_english":"The board must approve the policy on premature withdrawal penalties, including partial ones.","rbi_paragraph":"Para 20","rbi_char_offset":18758,"weight":"DO IT","role":"Board","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p23","layer":"bankpulse"},{"n":19,"claim":"md13003-0c7565d9","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHO SHOULD ACT","heading":"Tell the depositor the penalty","plain_english":"The penalty must be explained when the deposit is taken. If it was not, no penalty may be charged.","rbi_paragraph":"Para 21","rbi_char_offset":18998,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p24","layer":"bankpulse"},{"n":1,"claim":"md13003-c02f46d1","page_group":"Chapter IV. Rupee Deposits of Non-Residents","stored_section":"WHAT CHANGES","heading":"Non-resident rupee deposits","plain_english":"Only a bank authorised under the foreign exchange law may take these deposits.","rbi_paragraph":"Para 23","rbi_char_offset":19493,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":["foreign-exchange"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p25","layer":"bankpulse"},{"n":2,"claim":"md13003-4e445794","page_group":"Chapter IV. Rupee Deposits of Non-Residents","stored_section":"WHAT CHANGES","heading":"No lien on NRE savings","plain_english":"The bank may not mark any lien, direct or indirect, on an NRE savings deposit.","rbi_paragraph":"Para 25","rbi_char_offset":22156,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p26","layer":"bankpulse"},{"n":3,"claim":"md13003-921ebcb6","page_group":"Chapter IV. Rupee Deposits of Non-Residents","stored_section":"WHAT CHANGES","heading":"Resident claimant, domestic rate","plain_english":"Where the claimant of a dead depositor's NRE deposit lives in India, the deposit becomes a domestic one on maturity.","rbi_paragraph":"Para 27","rbi_char_offset":23107,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p27","layer":"bankpulse"},{"n":1,"claim":"md13003-e0ce093c","page_group":"Chapter V. Foreign Currency Deposits","stored_section":"WHAT CHANGES","heading":"A 360 day year","plain_english":"Interest on a foreign currency deposit is worked out on a year of three hundred and sixty days.","rbi_paragraph":"Para 30","rbi_char_offset":26369,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p28","layer":"bankpulse"},{"n":2,"claim":"md13003-7a1fafd7","page_group":"Chapter V. Foreign Currency Deposits","stored_section":"WHAT CHANGES","heading":"Paid every 180 days","plain_english":"Interest on a foreign currency deposit is paid every one hundred and eighty days, then for the days left.","rbi_paragraph":"Para 31","rbi_char_offset":26480,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p29","layer":"bankpulse"},{"n":3,"claim":"md13003-05d499fc","page_group":"Chapter V. Foreign Currency Deposits","stored_section":"WHAT CHANGES","heading":"Nothing before the foreign floor","plain_english":"Break a foreign currency deposit before its minimum period and no interest is paid.","rbi_paragraph":"Para 37","rbi_char_offset":30949,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p30","layer":"bankpulse"},{"n":1,"claim":"md13003-35161bec","page_group":"Chapter VI. Prohibitions and Exemptions","stored_section":"WHAT CHANGES","heading":"No commission for deposits","plain_english":"The bank may pay no fee, commission or brokerage for bringing in deposits, apart from the named exceptions.","rbi_paragraph":"Para 40(1)","rbi_char_offset":32850,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p31","layer":"bankpulse"},{"n":2,"claim":"md13003-f5af836b","page_group":"Chapter VI. Prohibitions and Exemptions","stored_section":"WHAT CHANGES","heading":"No prizes for deposits","plain_english":"No prize, lottery or free trip may be used to bring in deposits.","rbi_paragraph":"Para 40(2)","rbi_char_offset":33337,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p32","layer":"bankpulse"},{"n":1,"claim":"md13003-c98c7c34","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"KEY DATES","heading":"The old instructions are gone","plain_english":"Every earlier instruction to rural co-operative banks on deposit rates stands repealed.","rbi_paragraph":"Para 42","rbi_char_offset":37789,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13003#p33","layer":"bankpulse"}],"actions":[],"amendments":[{"id":"nt13514","title":"Reserve Bank of India (Rural Co-operative Banks – Interest Rate on Deposits) Amendment Directions, 2026","date":"Jun 17, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13514&Mode=0","order":1,"layer":"rbi_source"},{"id":"nt13690","title":"Reserve Bank of India (Rural Co-operative Banks – Interest Rate on Deposits) Second Amendment Directions, 2026","date":"Aug 25, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13690&Mode=0","order":2,"layer":"rbi_source"}],"layers":{"rbi_source":"Facts taken from RBI's own document.","bankpulse":"BankPulse's plain-English summary of RBI's document.","bankpulse_inference":"BankPulse's own inference, not stated by RBI."},"rbi_wording_not_included":"By design. BankPulse never republishes RBI's exact sentences. Use rbi_paragraph with rbi_source.url to read RBI's own words.","terms":"BankPulse's plain-English summaries are BankPulse's own work. The underlying regulation is the Reserve Bank of India's. Always check the RBI document named in rbi_source before acting."}