Banks Must Post Deposit Rates Daily: Your FD Affected?

RBI now requires banks to publish bulk deposit interest rates on their websites every day. This ends the era of banks quoting different rates to different customers in secret, making it easier for you to compare and negotiate before parking large sums.

Here's what happened: RBI has directed banks to disclose bulk deposit interest rates daily on their official websites, ending inconsistent practices.. Banks were previously following different internal practices for bulk deposits, creating rate opacity for large depositors.. Bulk deposits typically refer to single deposits of ₹3 crore and above, where rates are often negotiated separately from retail FDs..

What you should do: Check your bank's website daily if you plan to park ₹3 crore or more — compare rates across 3-4 banks before committing.. Use the published rates as a negotiation baseline — if your bank shows 7.5%, ask your relationship manager to match or beat a competitor's listed rate.. Screenshot the published rate on the day you book your bulk FD — this protects you if the bank later disputes the agreed rate..

Even if you're below the ₹3 crore bulk threshold, this transparency push often forces banks to improve retail FD rates too — check rates weekly during RBI policy cycles.

If this affects your borrowing choices, compare current personal loan options from 100+ lenders on GoCredit.