The update directly addresses deposit pricing and interest rate frameworks for commercial banks, small finance banks, and other deposit-taking institutions, which is core to Retail Banking's consumer deposit account regulation.
Low confidence — REQUIRES HUMAN REVIEW. This is purely deposit-taking regulation with no investment, asset management, or growth-oriented angle, so Investment Services does not apply.
Specialism
The RBI's draft amendment directions establish new regulatory requirements for interest rate disclosure and pricing frameworks across multiple categories of deposit-taking institutions, which constitutes a regulatory reporting and conduct of business obligation.
The update addresses standardized disclosure requirements and pricing transparency for deposits, which relates to how firms conduct business with depositors and manage deposit pricing practices.
2026-06-08 10:56:28·pthandapani@vixio.com
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Press Releases - Reserve Bank of India
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TITLE: India's Reserve Bank Invites Comments on Draft Interest Rate on Deposits Amendment Directions
BODY:
On June 5, 2026, the Reserve Bank of India (RBI) released six draft Amendment Directions to provide greater flexibility to banks for pricing their Rupee bulk deposits while ensuring uniformity in disclosure of interest rates on deposits. The draft directions apply to commercial banks, small finance banks, regional rural banks, payment banks, local area banks, and urban co-operative banks.
The RBI's initiative aims to modernise deposit pricing frameworks across the banking sector by allowing institutions greater discretion in setting interest rates on bulk deposits while maintaining consistent disclosure standards. This approach balances competitive flexibility with transparency requirements, enabling banks to respond more dynamically to market conditions while protecting depositor interests through standardised information provision. The amendment directions represent a significant regulatory update affecting multiple categories of deposit-taking institutions across India's financial system, from traditional commercial banks to specialised banking entities such as payment banks and regional rural banks.
Regulated entities and members of the public or other stakeholders may submit comments and feedback on the draft Amendment Directions by June 20, 2026. Submissions can be made through the "Connect 2 Regulate" section on the RBI website by following the corresponding hyperlink provided against each document, or by email with the subject line "Feedback on [full name of the draft Amendment Directions (including the type of Regulated Entity)]". The RBI will review all submissions received during the consultation period before finalising the amendment directions.
Press Releases - Reserve Bank of India Skip to main content Selected Selected Change Language हिंदी Search the Website Search Press Releases ( 141 kb ) Date : Jun 05, 2026 RBI invites comments on the draft “Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026 In order to provide greater flexibility to banks for pricing their Rupee bulk deposits, while ensuring uniformity in disclosure of interest rates on deposits, the Reserve Bank of India has today released the following draft Amendment Directions: Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Amendment Directions, 2026 . Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Amendment Directions, 2026 . Reserve Bank of India (Regional Rural Banks – Interest Rate on Deposits) Amendment Directions, 2026 . Reserve Bank of India (Payment Banks – Interest Rate on Deposits) Amendment Directions, 2026 . Reserve Bank of India (Local Area Banks – Interest Rate on Deposits) Amendment Directions, 2026 . Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Amendment Directions, 2026 . 2. The comments / feedback on the draft Amendment Directions may be submitted by the regulated entities and members of public/other stakeholders on or before June 20, 2026 , through the following channels: i. the ‘ Connect 2 Regulate ’ section on the website by following the corresponding hyperlink provided against each document in the page where they are hosted; or ii. by email with the subject line 'Feedback on (full name of the draft Amendment Directions (including the type of Regulated Entity))'. 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