LatestCorporate Compliance 29 September 2026
RBI Overhauls Bank FD Rules Effective Oct 1
The Reserve Bank of India has issued new guidelines that will take effect on October 1, altering the framework for bank fixed deposits. The changes modify interest rate calculation methods, introduce stricter compliance requirements, and clarify that the revised directions do not apply to investors who already hold fixed deposits under existing terms, ensuring legacy accounts remain unaffected while new deposits follow the updated rules.
The RBI’s updated FD guidelines become active on October 1. Key points include:
- Revised interest‑rate calculation formulas for new fixed deposits.
- Tighter compliance and reporting standards for banks.
- Existing FD holders are exempt; their terms stay unchanged.
For full details, see the announcement here.
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