India, Sept. 29 -- The way banks disclose interest rates on large fixed deposits will change from October 1, 2026, with new Reserve Bank of India (RBI) rules bringing in daily rate disclosures and greater consistency across branches.

Under the new rules, banks will have to publish applicable interest rates for bulk deposits on their websites by 10 am on every business day. They will get a 10-minute grace period, allowing updates until 10.10 am, Business Standard reported.

Banks will also have to offer the same rate for similar bulk deposits accepted on the same day across their branches and for all customers, the report added.

The changes follow the RBI's July 30, 2026 amendment to its directions on interest rates on deposits. The rule...