{"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":"md13157","title":"Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13157","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":"Commercial banks","class_code":"SCB","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13157","mode":"four_dates_v1","published":{"label":"Published","value":"November 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/md13157.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=13157","document_date":"November 28, 2025","read_by_bankpulse":"2026-08-21 16:15:33 UTC","text_sha256":"59bd29998353b32f9abbe6444228374b6dbd8ff8fa64848f20a45d609e113866","word_count":null,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":31,"points_naming_an_rbi_paragraph":31,"points_stored":31,"actions":0,"amendments":3},"points":[{"n":1,"claim":"md13157-aa690599","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Start date","plain_english":"These Directions took effect the day RBI placed them on its website.","rbi_paragraph":"Para 2","rbi_char_offset":4802,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p1","layer":"bankpulse"},{"n":2,"claim":"md13157-914b06f1","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"This rule applies to commercial banks, called 'banks' here.","rbi_paragraph":"Para 4","rbi_char_offset":5087,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p2","layer":"bankpulse"},{"n":3,"claim":"md13157-3f7f1d66","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Foreign branches excluded","plain_english":"These Directions do not apply to foreign branches of Indian banks.","rbi_paragraph":"Para 5","rbi_char_offset":5565,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p3","layer":"bankpulse"},{"n":1,"claim":"md13157-879b2841","page_group":"Chapter II. General Guidelines (Interest Rate Framework)","stored_section":"WHAT CHANGES","heading":"No bargaining on rates","plain_english":"Deposit rates cannot be negotiated between the depositor and the bank.","rbi_paragraph":"Para 7(5)","rbi_char_offset":10925,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p4","layer":"bankpulse"},{"n":2,"claim":"md13157-a80309b6","page_group":"Chapter II. General Guidelines (Interest Rate Framework)","stored_section":"WHO SHOULD ACT","heading":"Board-approved deposit policy","plain_english":"The Board of Directors must approve the bank's policy on deposit interest rates.","rbi_paragraph":"Para 7(1)","rbi_char_offset":9994,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p5","layer":"bankpulse"},{"n":1,"claim":"md13157-f933d8f6","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"One rate to one lakh","plain_english":"A single interest rate must apply to savings balances up to ₹1 lakh.","rbi_paragraph":"Para 9(1)","rbi_char_offset":13419,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"One customer keeps Rs 20,000 in a savings account. Another keeps Rs 90,000. Both balances are up to Rs 1 lakh, so both must earn the same rate of interest.","anchor":"https://bankpulse.ai/rule/md13157#p6","layer":"bankpulse"},{"n":2,"claim":"md13157-279f3381","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Seven-day minimum term","plain_english":"A bank must offer term deposits with a minimum tenor of seven days.","rbi_paragraph":"Para 10(1)","rbi_char_offset":13904,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p7","layer":"bankpulse"},{"n":3,"claim":"md13157-6ba914fa","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Early withdrawal right","plain_english":"Term deposits of ₹1 crore or below held by individuals must allow premature withdrawal.","rbi_paragraph":"Para 10(3)","rbi_char_offset":14598,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p8","layer":"bankpulse"},{"n":4,"claim":"md13157-ab538597","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"Frozen accounts still earn","plain_english":"Interest on savings accounts must be credited even when the account is frozen by authorities.","rbi_paragraph":"Para 19","rbi_char_offset":19183,"weight":"DO IT","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p9","layer":"bankpulse"},{"n":5,"claim":"md13157-edb7e16e","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHO SHOULD ACT","heading":"Board policy on penalties","plain_english":"The Board must approve a policy on penalties for premature withdrawal of term deposits.","rbi_paragraph":"Para 22","rbi_char_offset":20203,"weight":"DO IT","role":"Board","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p10","layer":"bankpulse"},{"n":6,"claim":"md13157-4d5731dc","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHO SHOULD ACT","heading":"Penalty disclosure duty","plain_english":"A bank must tell depositors the penalty terms when it accepts the deposit.","rbi_paragraph":"Para 23","rbi_char_offset":20447,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p11","layer":"bankpulse"},{"n":7,"claim":"md13157-dd089c48","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"No current account interest","plain_english":"A bank pays no interest on money held in current accounts.","rbi_paragraph":"Para 8","rbi_char_offset":12763,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p12","layer":"bankpulse"},{"n":8,"claim":"md13157-d654c100","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHAT CHANGES","heading":"No interest before minimum","plain_english":"No interest is paid if a deposit is withdrawn before the minimum period.","rbi_paragraph":"Para 11(2)","rbi_char_offset":15058,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p13","layer":"bankpulse"},{"n":9,"claim":"md13157-44ff1ca9","page_group":"Chapter III. Domestic Rupee Deposits","stored_section":"WHO IT APPLIES TO","heading":"Federations get no extra","plain_english":"Employee federations without direct employee members get no additional interest.","rbi_paragraph":"Para 12(5)","rbi_char_offset":16619,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p14","layer":"bankpulse"},{"n":1,"claim":"md13157-d54f98f8","page_group":"Chapter IV. Rupee Deposits of Non-Residents","stored_section":"WHAT CHANGES","heading":"One crore and below","plain_english":"NRE and NRO term deposits of ₹1 crore and below must allow premature withdrawal.","rbi_paragraph":"Para 27(3)","rbi_char_offset":22462,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p15","layer":"bankpulse"},{"n":2,"claim":"md13157-14cce15c","page_group":"Chapter IV. Rupee Deposits of Non-Residents","stored_section":"WHAT CHANGES","heading":"NRE rates are capped","plain_english":"Rates on NRE and NRO deposits cannot exceed those on comparable domestic rupee deposits.","rbi_paragraph":"Para 27(4)","rbi_char_offset":22606,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p16","layer":"bankpulse"},{"n":3,"claim":"md13157-24bbd5d9","page_group":"Chapter IV. Rupee Deposits of Non-Residents","stored_section":"WHAT CHANGES","heading":"Early NRE closure capped","plain_english":"An NRE deposit closed before one year earns no more than the RFC savings rate.","rbi_paragraph":"Para 27(7)","rbi_char_offset":23565,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p17","layer":"bankpulse"},{"n":4,"claim":"md13157-8812b3e4","page_group":"Chapter IV. Rupee Deposits of Non-Residents","stored_section":"WHAT CHANGES","heading":"No lien on NRE","plain_english":"A bank cannot mark any lien, direct or indirect, against NRE savings deposits.","rbi_paragraph":"Para 28","rbi_char_offset":23840,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p18","layer":"bankpulse"},{"n":5,"claim":"md13157-41fc514c","page_group":"Chapter IV. Rupee Deposits of Non-Residents","stored_section":"WHO IT APPLIES TO","heading":"No staff rate abroad","plain_english":"Extra interest for staff or senior citizens is not available on NRE and NRO deposits.","rbi_paragraph":"Para 27(5)","rbi_char_offset":23124,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p19","layer":"bankpulse"},{"n":1,"claim":"md13157-b80dd59f","page_group":"Chapter V. Foreign Currency Deposits","stored_section":"WHAT CHANGES","heading":"FCNR(B) five-year cap","plain_english":"A bank cannot accept or renew FCNR(B) deposits for more than five years.","rbi_paragraph":"Para 32(2)","rbi_char_offset":26261,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p20","layer":"bankpulse"},{"n":2,"claim":"md13157-b2706df7","page_group":"Chapter V. Foreign Currency Deposits","stored_section":"KEY DATES","heading":"Reset every six months","plain_english":"Floating rate deposits must have their interest reset every six months.","rbi_paragraph":"Para 32(5)","rbi_char_offset":27013,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p21","layer":"bankpulse"},{"n":3,"claim":"md13157-e0ce093c","page_group":"Chapter V. Foreign Currency Deposits","stored_section":"WHAT CHANGES","heading":"Year of 360 days","plain_english":"Interest under the scheme is worked out on a year of 360 days.","rbi_paragraph":"Para 33","rbi_char_offset":28279,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p22","layer":"bankpulse"},{"n":4,"claim":"md13157-a8162d33","page_group":"Chapter V. Foreign Currency Deposits","stored_section":"KEY DATES","heading":"Paid every 180 days","plain_english":"Interest on these deposits is calculated and paid at intervals of 180 days.","rbi_paragraph":"Para 34","rbi_char_offset":28424,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p23","layer":"bankpulse"},{"n":1,"claim":"md13157-f0bda3fc","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"KEY DATES","heading":"June 2026 amendment","plain_english":"An amendment dated June 17, 2026 changed NRE and FCNR(B) deposit rate rules.","rbi_paragraph":"Para 48","rbi_char_offset":42649,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p24","layer":"bankpulse"},{"n":2,"claim":"md13157-5972649e","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Older rules cancelled","plain_english":"This document cancels the earlier conduct rules for these institutions.","rbi_paragraph":"Para 45","rbi_char_offset":40713,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p25","layer":"bankpulse"},{"n":3,"claim":"md13157-5b58d0f9","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Earlier repeals stand","plain_english":"Guidelines already repealed before these Directions stay repealed.","rbi_paragraph":"Para 45","rbi_char_offset":40786,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p26","layer":"bankpulse"},{"n":4,"claim":"md13157-8334d341","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old rules stay repealed","plain_english":"Rules repealed before this document was issued remain repealed.","rbi_paragraph":"Para 45","rbi_char_offset":40844,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p27","layer":"bankpulse"},{"n":5,"claim":"md13157-7fbea917","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions preserved","plain_english":"Anything already done under the old rules stays governed by those old rules.","rbi_paragraph":"Para 46","rbi_char_offset":40975,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p28","layer":"bankpulse"},{"n":6,"claim":"md13157-ae84b68d","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Approvals carried over","plain_english":"Approvals given under the cancelled rules are now treated as given under these rules.","rbi_paragraph":"Para 46","rbi_char_offset":41165,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p29","layer":"bankpulse"},{"n":7,"claim":"md13157-cb5408f8","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"IMPACT","heading":"Other laws still apply","plain_english":"These Directions add to other laws. They do not replace any of them.","rbi_paragraph":"Para 47","rbi_char_offset":42045,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p30","layer":"bankpulse"},{"n":8,"claim":"md13157-13edf821","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHO SHOULD ACT","heading":"RBI's reading final","plain_english":"RBI's interpretation of any part of these Directions is final and binding.","rbi_paragraph":"Para 48","rbi_char_offset":42497,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13157#p31","layer":"bankpulse"}],"actions":[],"amendments":[{"id":"nt13509","title":"Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Amendment Directions, 2026","date":"Jun 17, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13509&Mode=0","order":1,"layer":"rbi_source"},{"id":"nt13656","title":"Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Second Amendment Directions, 2026","date":"Jul 30, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13656&Mode=0","order":2,"layer":"rbi_source"},{"id":"nt13685","title":"Reserve Bank of India (Commercial Banks – Interest Rate on Deposits)  Third Amendment Directions, 2026","date":"Aug 25, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13685&Mode=0","order":3,"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."}