New Delhi. New rules have come into effect from October 1, 2026 for customers making fixed deposits (FD) in the bank. However, this will not affect every FD. Arrangements have been made to make interest rate information more transparent for large depositors making a single FD or term deposit of ₹3 crore or more. Such deposits are categorized as bulk deposits.
Small FD holders need not worry
If your FD is less than ₹3 crore, then its interest rate will not automatically change from October 1 just because of this change. The already running FD will also continue on the same terms and rates at which it was opened. That is, this rule has no direct impact on existing FDs of ₹5 lakh, ₹10 lakh, ₹50 lakh or ₹2 crore.
Information about interest rate on big FD
The main objective of the new system is to provide information about the applicable interest rate of the bank to the customers depositing large amount before making or renewing FD. Banks will display bulk deposit rates on their websites, so customers can see and compare the rates available before depositing money.
Emphasis has also been laid on maintaining transparency regarding interest rates on similar types of bulk deposits in the same bank under similar circumstances.
What will happen to the old FD?
The existing FD interest rate will not be reset merely because of the implementation of the new rules. Its main impact will be on those customers who are making new FD of ₹ 3 crore or more or renewing such FD. Companies, institutions, trusts and large individual depositors may be particularly affected by this arrangement.