- Direct impact on your pocket?
- RBI's 'this' rules will change from October 1!
- What exactly will change? See the full list
RBI New Rules From October 1 : Many rules change on the first of the month. New things are added as per the situation and the rules change the rates accordingly. Now September will end and October will begin. The rules of healing are going to change in this changeable month. An important factor in it is RBI. RBI is going to change some of its rules from October 1. It is likely to have a direct impact on your pocket. What are the exact rules that will be changed and what could be the consequences” RBI New Rules From October 1)
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The Reserve Bank of India (RBI) is gearing up to introduce several regulations aimed at increasing transparency in the banking system and providing relief to importers and exporters. These rules will come into effect from October 1, 2026. The biggest impact of these changes will be on Bulk Fixed Deposits Bulk FDs and FEMA on foreign trade rules.
Changes in Bulk FDs Rules
The Reserve Bank of India (RBI) has revised its fixed deposit interest rate norms. The aim of this new system is to make pricing and information on bulk deposit rates transparent and consistent. This changed rule will come into effect from October 1.
Information on interest rates is mandatory
FDs of ₹3 crore or more in commercial banks are considered bulk deposits. From October, these banks will be required to disclose the interest rates applicable for large FDs on their official websites by 10:00 am on every working day.
According to this new rule, no bank will be able to offer different interest rates to different customers on large FDs of same day, same tenure and same amount. This means, whether the FD is done from a branch in a big city or from a rural area, the interest rate will be the same. This new rule of Reserve Bank will reduce the cost. Earlier, big investors used to negotiate interest rates with banks personally, but now they have to do FDs only at the rate listed on the website.
Relaxation in FEMA regulations
RBI is implementing new trade rules under the Foreign Exchange Management Act (FEMA) to promote foreign trade. From October 1, authorized dealer banks will monitor import payments directly as per the terms of the trade agreement between the two parties, instead of a uniform deadline set by government regulators.
It can be understood like this: Earlier, when you were importing goods from abroad, even though there was an agreement with the supplier to pay later, you had to pay the same through the bank within the time limit set by the RBI. But due to government regulations, if you failed to pay within the stipulated time, you were considered in default.
Now, the government has scrapped the term condition. For payment, banks will only consider the date of payment agreed between both parties. This rule will make it easier for importers to do business on their own terms without being bound by any government regulations.
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