NEW Mint
Thu 01 Oct 2026 12:30:09 AM
RBI’s new bulk FD rules from October 1: What changes for investors? Experts explain
SUMMARY
**RBI's New Bulk FD Rules from October 1**
RBI has revised the bulk fixed deposit threshold from ₹2 crore to ₹3 crore, effective October 1, 2024. Deposits below ₹3 crore are now classified as retail, offering more stable, card-rate interest. This benefits senior citizens and HNIs with larger deposits getting guaranteed returns without negotiation. Banks gain flexibility in managing liquidity. Experts say this move protects depositors, ensures better rates for mid-range investors, and aligns with RBI's goal of financial stability and transparency in the banking system.
RBI has revised the bulk fixed deposit threshold from ₹2 crore to ₹3 crore, effective October 1, 2024. Deposits below ₹3 crore are now classified as retail, offering more stable, card-rate interest. This benefits senior citizens and HNIs with larger deposits getting guaranteed returns without negotiation. Banks gain flexibility in managing liquidity. Experts say this move protects depositors, ensures better rates for mid-range investors, and aligns with RBI's goal of financial stability and transparency in the banking system.
Relevant For:
Prelims + Mains
GS - III
Economy
Focus Area
Fixed Deposit Regulations
Reserve Bank of India
Banking Regulation
Deposit Mobilisation
Financial Sector Reforms
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