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Ensure uniform deposit rates across all branches: RBI tells banks
in5points
RBI directed banks to ensure uniform deposit rates across all branches.
Interest rates on bulk deposits must be disclosed on banks' websites by 10:00 am daily, with a 10-minute grace period until 10:10 am.
The directive applies to all banks operating in India.
The move aims to increase transparency and standardization in deposit pricing.
Banks must comply with the uniform rate and disclosure requirements immediately.
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