New Delhi, June 6 -- The Reserve Bank of India (RBI) has released draft amendment directions proposing to give banks greater flexibility in pricing rupee bulk deposits, while simultaneously tightening transparency and uniformity requirements in the disclosure of deposit interest rates.

The draft directions cover commercial banks, small finance banks, regional rural banks, payment banks, local area banks, and urban co-operative banks.

The RBI has invited public comments until June 20, 2026.

What Is Proposed

The draft directions introduce two key changes. First, on transparency, banks will be required to disclose interest rates payable on deposits strictly as per a publicly available schedule on their website, before the commencement of...