# Payments Banks

Type: Company

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/payments-banks
Canonical HTML page: https://getlegalbrief.com/entity/payments-banks

## Timeline

- **2026-10-01**: New Rules Take Effect — Banks must comply with transparency and uniformity mandates, including daily publication of bulk deposit rates by 10:00 a.m.
- **2026-07-31**: RBI Notification Issued — The Reserve Bank of India notifies the revised deposit interest rate directions, setting an effective date of October 1, 2026.

## Recent coverage (1 stories)

### RBI's Oct 1 Deadline: Banks Must Post Bulk Deposit Rates by 10:10 a.m.
2026-08-02 12:39:22 · Sentiment: Bullish · Impact: 6/10 · Sources: 2

The RBI’s revised deposit regulations, effective October 1, impose strict transparency and uniformity requirements on six categories of banks. Legal and compliance teams face new burdens, from ensuring real-time rate disclosure to mitigating risks of discrimination claims and regulatory action.
Full story: https://getlegalbrief.com/story/rbi-deposit-rules-legal-compliance-oct1

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