Bulk FD Rules Change Oct 1: Does Your ₹3Cr FD Pay More?

From October 1, RBI is changing how banks price and disclose interest rates on large fixed deposits above ₹3 crore. If you have big FDs, banks must now be clearer about what rate you actually get.

Here's what happened: RBI has redefined 'bulk deposit' as any single fixed deposit of ₹3 crore or above, standardising a threshold that previously varied across banks.. From October 1, banks must publicly disclose their interest rate framework for bulk FDs, making pricing transparent rather than purely negotiated behind closed doors.. Retail depositors with FDs below ₹3 crore are unaffected — this rule targets large depositors such as retirees, HNIs, trusts, and small businesses parking big lump sums..

What you should do: Check if any single FD you hold is at or above ₹3 crore — if yes, ask your bank after October 1 for their published bulk deposit rate sheet before renewing.. Compare bulk FD rates across at least 3 banks once disclosures are live from October — transparency rules mean banks must now show you what they offer in writing.. Avoid renewing large FDs just before October 1 — wait until the new disclosure norms kick in so you can see and negotiate rates with full information..

Splitting a ₹3 crore corpus into two FDs of ₹1.5 crore each keeps you in the retail rate category — which often carries better advertised rates than bulk-negotiated ones.

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