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The Economic Times

Economy / The Economic Times

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RBI gives banks more time to implement bulk deposit rate norms, deadline now Oct 1

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 Reserve Bank of India has extended the implementation deadline after bank feedback. Rates for deposits under Rs 3 crore remain outside these new stipulations. Banks must now disclose bulk deposit rates online by 10:00 am daily.

30 Jul 2026 9:11 pm