Looking For Best Fixed Deposit Returns? Compare Top Bank Interest Rates
Investors should avoid choosing a bank simply because they already have a savings account there.
National · 10 updates
Investors should avoid choosing a bank simply because they already have a savings account there.
The Reserve Bank of India has revised rules for bulk deposits, effective October 2026. Banks can now offer differential interest rates based on liquidity risk under the LCR framework. This move aligns deposit pricing with revised LCR guidelines for better asset-liability management. Mandatory daily public disclosure of bulk deposit rates will enhance transparency for customers. However, uniform rates will continue for similarly placed depositors across all branches.
Mumbai: Hardening overseas rates, tough competition and strong client demand is forcing banks to tweak their FCNR (B) offerings to attract maximum dollars as banks get into the busy season of the special scheme.ICICI Bank and HDFC Bank, two of the largest private sector banks have both hiked a section of their FCNR (B) rates noting the changed scenario. With overseas rates also higher more banks could join in hiking rates in this scheme, people familiar with banks' plans said.While ICICI has hiked the rate on its FCNR (B) deposits for $5 million or above to 6.25% from 6%, HDFC has raised rate