The Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Second Amendment Directions, 2026, issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, amend the Reserve Bank of India (Urban Co- operative Banks – Interest Rate on Deposits) Directions, 2025. The amendment revises the disclosure framework for deposit interest rates by requiring banks to publish interest rates, including bulk deposit rates, on their websites in advance, while ensuring uniform interest rates across branches and customers for similar deposits. 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 to 10:10 a.m.), reinforces that interest rates must be strictly as per the disclosed schedule, and requires uniform interest rates across all branches and customers for deposits of similar amount accepted on the same date.
