Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Second Amendment Directions, 2026

The Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Second Amendment Directions, 2026, issued under Section 35A of the Banking Regulation Act, 1949, amend the Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Directions, 2025. The amendment revises the framework governing disclosure of deposit interest rates and permits differential interest rates on bulk deposits based on applicable Liquidity Coverage Ratio (LCR) run-off rates, while ensuring transparency and uniformity in interest rate disclosures. The Directions come into effect from 1 October 2026. The amendment mandates advance disclosure of interest rates on the bank's website, requires bulk deposit interest rates to be published daily at 10:00 a.m. (with a grace period up tom10:10 a.m.), requires uniform interest rates across branches and customers for similar deposits, permits differential interest rates on bulk deposits based on applicable LCR run-off rates for resident and non-resident rupee deposits, and aligns deposit pricing with the Reserve Bank of India (Commercial Banks – Asset Liability Management) Directions, 2025.