# RBI proposes new loan interest rate rules; stricter norms for banks, NBFCs 2026-08-10T08:11:47+00:00 | Governance | Indian Opinion Desk Corroboration: 4 independent outlets The Reserve Bank of India has released draft rules for a common framework on interest rates for all bank and NBFC loans. The new guidelines, proposed to take effect from April 1, 2027, will require lenders to link all loan rates to an internal or external benchmark plus a risk-based spread. Floating-rate personal loans and MSME loans from commercial banks must use an external benchmark such as the repo rate or Treasury Bill yields. The spread on floating loans cannot be revised for three years except for changes in the borrower's credit profile. Separately, from October 1, 2026, banks must offer the same fixed-deposit rates across all branches for deposits of the same amount on the same day. Banks must publish bulk deposit rates on their websites by 10 am every business day. The rules follow a controversy over HDFC Bank's reported Rs 45 crore marketing spend to secure bulk deposits from a state agency. ## Coverage - bfsi.economictimes.indiatimes.com - freepressjournal.in - rbi.org.in - bfsi.economictimes.indiatimes.com Tags: banking regulation, deposit rules, fixed deposits, interest rates, RBI, transparency Canonical: https://indianopinion.org/rbis-new-deposit-rules-uniform-fd-rates-from-october-2026/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbis-new-deposit-rules-uniform-fd-rates-from-october-2026/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.