Starting October 1, the RBI's revised deposit interest rate rules aim to enhance transparency for fixed deposit investors while granting banks more flexibility in rate-setting.

Banks now have until October 1 to implement new differential interest rate rules. These norms allow varied rates on bulk deposits considering liquidity coverage ratios. The…

The Reserve Bank of India now permits banks to offer varying interest rates on bulk deposits, aligning with liquidity coverage ratio (LCR) run-off rates for enhanced flexibility.