RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (2024)

Table of Contents
RBI new FD rule State Bank of India (SBI) HDFC Bank Utkarsh SFB Bank of Baroda PNB Axis Bank Yes Bank DCB Bank RBL Bank Canara Bank

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RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (1)

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RBI new FD rule

The RBI announced a proposal to revise the definition of bulk fixed deposits. As per the proposal, banks' fixed deposits of Rs 3 crore and above will be considered bulk deposits. Earlier, a bank FD of Rs 2 crore and above was considered as a bulk FD.

ET Online

RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (2)

SBI has not revised the FD interest rate date, however the bank has updated retail deposit amount from Rs 2 crore to Rs 3 crore. The rates are effective from May 15, 2024.

ET Online

RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (3)

3/11

HDFC Bank

HDFC Bank revised fixed deposit interest rates effective June 12 and updated the retail deposit amount from Rs 2 crore to Rs 3 crore.

ET Online

RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (4)

4/11

Utkarsh SFB

Utkarsh SFB has revised FD interest rate and updated the retail deposit amount from Rs 2 crore to Rs 3 crore effective June 7, 2024.

ET Online

RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (5)

5/11

Bank of Baroda

Bank of Baroda revised fixed deposit interest rates effective June 12 and updated the retail deposit amount from Rs 2 crore to Rs 3 crore. The rates are effective from June 12, 2024.

ET Online

RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (6)

6/11

PNB

Punjab National Bank revised fixed deposit interest rates and updated the retail deposit amount from Rs 2 crore to Rs 3 crore. The rates are effective from June 10, 2024.

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RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (7)

7/11

Axis Bank

Axis Bank revised fixed deposit interest rates and updated the retail deposit amount from Rs 2 crore to Rs 3 crore. The rates are effective from June 8, 2024.

ET Online

RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (8)

8/11

Yes Bank

Yes Bank revised fixed deposit interest rates and updated the retail deposit amount from Rs 2 crore to Rs 3 crore. The rates are effective from June 8, 2024.

ET Online

RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (9)

9/11

DCB Bank

DCB Bank revised fixed deposit interest rates and updated the retail deposit amount from Rs 2 crore to Rs 3 crore. The rates are effective from June 7, 2024.

ET Online

RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (10)

10/11

RBL Bank

RBL Bank revised fixed deposit interest rates and updated the retail deposit amount from Rs 2 crore to Rs 3 crore. The rates are effective from June 8, 2024.

ET Online

RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (11)

11/11

Canara Bank

Canara Bank revised fixed deposit interest rates and updated the retail deposit amount from Rs 2 crore to Rs 3 crore. The rates are effective from June11, 2024.

ET Online

RBI new FD rule: 10 banks that have revised fixed deposit terms after RBI rule change - RBI new FD rule (2024)
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