"Bulk Deposit" for Regional Rural Banks would now mean Single Rupee term deposits of Rupees one crore and above
FinTech BizNews Service
Mumbai, 28 October, 2023: On a review, it has been decided by the RBI to enhance the bulk deposit limit for Regional Rural Banks. Accordingly, “Bulk Deposit” for Regional Rural Banks would now mean Single Rupee term deposits of Rupees one crore and above. The relevant sections of the Master Direction has been amended. All other instructions in this regard shall remain unchanged.
