Banks Must Publish Deposit Rates Online by 10:10 AM Daily, RBI Says

The Reserve Bank of India has tightened the timeline for banks to disclose deposit interest rates. Effective from 1 October, every working day banks must upload the applicable rates for each deposit product on their websites by 10:00 a.m., with a mandatory window that ensures the data is live by 10:10 a.m.

The rule applies uniformly to commercial banks, small finance banks, regional rural banks, payment banks and urban cooperative banks. It also bans any differential treatment – a single deposit amount must attract the same rate across all branches and for all customers.

Although the RBI did not order any immediate alteration to fixed‑deposit rates, it retained flexibility for banks to price bulk deposits. Institutions can still vary rates within the liquidity coverage ratio framework, taking into account their funding needs and market conditions. The primary goal is to make rate information more transparent and accessible to the public.