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People to now earn higher interest if they deposit large amounts in banks
short by Ashley Paul / on Friday, 31 July, 2026
The RBI has now allowed all banks to offer different interest rates to customers based on the size of bulk bank deposits, with larger deposits getting higher interest rates. The banks will have to disclose differential interest rates every day by 10:00 am, with a 10-minute grace period. The differential interest rates will be uniform for all customers and branches.
read more at Moneycontrol