RBI Issues Amendment Directions on Interest Rate on Deposits
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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft "Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholders on or before June 20, 2026. The draft Amendment Directions proposed to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits. 2. Feedback received on
Key Facts
TypeDraft
SourceReserve Bank of India
PublishedThursday, 30 July 2026
Affected Population~350 million BPL population, 140 million elderly
Key Numbers
PM-JAY: 55 crore beneficiaries
MGNREGA: Rs 86,000 crore annual outlay
NSAP pensions: 3 crore beneficiaries
Rs 15,000 crore for Digital India initiatives
Key Authorities
Ministry of Social Justice & EmpowermentNITI AayogMinistry of Electronics & ITTRAICERT-In
Key Stakeholders
BPL FamiliesSenior CitizensPersons with DisabilitiesInternet UsersTech CompaniesStartups
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
6 changes recorded for this policy.
DescriptionFriday, 31 July 2026via rbi_notifications
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft "Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholders on or before June 20, 2026. The draft Amendment Directions proposed to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits. 2. Feedback received on
RBI notification: Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Second Amendment Directions, 2026
DescriptionFriday, 31 July 2026via rbi_notifications
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft "Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholders on or before June 20, 2026. The draft Amendment Directions proposed to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits. 2. Feedback received on
RBI notification: Reserve Bank of India (Local Area Banks – Interest Rate on Deposits) Second Amendment Directions, 2026
DescriptionFriday, 31 July 2026via rbi_notifications
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft "Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholders on or before June 20, 2026. The draft Amendment Directions proposed to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits. 2. Feedback received on
RBI notification: Reserve Bank of India (Payments Banks – Interest Rate on Deposits) Amendment Directions, 2026
DescriptionFriday, 31 July 2026via rbi_notifications
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft "Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholders on or before June 20, 2026. The draft Amendment Directions proposed to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits. 2. Feedback received on
RBI notification: Reserve Bank of India (Regional Rural Banks – Interest Rate on Deposits) Second Amendment Directions, 2026
DescriptionFriday, 31 July 2026via rbi_notifications
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft "Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholders on or before June 20, 2026. The draft Amendment Directions proposed to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits. 2. Feedback received on
RBI notification: Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Second Amendment Directions, 2026
DescriptionFriday, 31 July 2026via rbi_notifications
The Reserve Bank, vide Press Release dated June 05, 2026, had issued the draft "Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026, seeking comments/feedback from the regulated entities and members of public/other stakeholders on or before June 20, 2026. The draft Amendment Directions proposed to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits. 2. Feedback received on
RBI notification: Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Second Amendment Directions, 2026
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