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RBI Revises Bulk Fixed Deposit Threshold Rules Effective October 1

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The Reserve Bank of India has introduced revised rules for fixed deposits at commercial banks, taking effect from October 1. Under the updated framework, bulk deposits at commercial banks are defined as term deposits of Rs 3 crore and above. The changes are part of RBI's broader regulatory framework governing deposit classifications. Bank customers with large deposits are advised to familiarise themselves with the revised thresholds and their implications.

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RBI Revises Bulk Fixed Deposit Threshold Rules Effective October 1 · ShortSingh