How October 1 changes will affect large depositors

From 1 October 2026, large depositors—corporate firms, trusts, and high‑net‑worth individuals—will see a shift in how they negotiate fixed deposits. Under the RBI’s updated framework, the interest rate for any bulk deposit of ₹3 crore or more must be publicly posted by each bank before the start of business. The uniform rate eliminates the practice of offering preferential rates based on relationship or bargaining power. Depositors are advised to verify the posted rate on the bank’s website after 10 a.m. before confirming the investment. If a bank proposes a rate that differs from the online posting, the depositor can raise a complaint with the RBI Ombudsman. In addition, banks may now apply a higher rate to bulk‑deposit accounts that present a higher risk of early withdrawal, using the Liquidity Coverage Ratio as a pricing guide. This flexibility is expected to encourage more prudent liquidity management by banks while offering large investors clearer expectations and equitable treatment.