RBI/DOR/2025-26/134
DOR.SOG(SPE).REC. 8/13.03.00/2025-26                                    

April 01, 2025

All banks authorised to operate in India

Madam/ Sir,

Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2025

Please refer to Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3, 2016, and Master Direction - Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016 dated May 12, 2016.

2. In order to have all instructions related to Interest Rate on Deposits applicable to banks in one place, it has been decided to issue a comprehensive Master Direction. The Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2025, is being issued in exercise of the powers conferred upon the Reserve Bank of India under Sections 21 and 35A read with Section 56 of the Banking Regulation Act, 1949.

3. The comprehensive MD shall come into force with immediate effect.

Yours faithfully,

(Latha Vishwanath)
Chief General Manager