RBI’s new FD rules from October: 5 changes small finance bank depositors must know
· livemint.com
RBI’s new fixed deposit rules for small finance banks will apply from October. The guidelines introduce advance-rate disclosures, uniform pricing, bulk-deposit rules and greater transparency.
The Reserve Bank of India (RBI) has introduced new guidelines for small finance banks (SFBs) regarding fixed deposit (FD) interest rates and related factors. Th...