MUMBAI, India, July 30 -- Reserve Bank of India issued the following notification:
RBI/2026-27/218
DOR.SOG(SPE).REC.177/13.03.00/2026-27
July 30, 2026
Reserve Bank of India (Local Area Banks - Interest Rate on Deposits) Second Amendment Directions, 2026
Please refer to the Reserve Bank of India (Local Area Banks - Interest Rate on Deposits) Directions, 2025 (hereinafter referred to as 'Directions'), dated November 28, 2025. On a review, it has been decided to issue revised instructions pertaining to disclosure of interest rates on deposits.
2. Accordingly, in exercise of the powers conferred by Section 35A of the Banking Regulation Act,1949 and all other laws enabling the Reserve Bank India (RBI) in this regard, the RBI, being satisf...