As we know, among others, RBI's directive segment of the unified Department of Regulation (DoR, RBI) issues directions on the interest rate on deposits to scheduled banks (including cooperative banks), NBFC through appropriate Groups/Sections. Before that DoR and UBD used to issue directives on the subject under reference.
source https://www.caclubindia.com/articles/can-a-bank-offer-different-rates-interest-non-bulk-fixed-deposits-same-tenure-size-under-simple-interest-compound-interest-plans-45115.asp
source https://www.caclubindia.com/articles/can-a-bank-offer-different-rates-interest-non-bulk-fixed-deposits-same-tenure-size-under-simple-interest-compound-interest-plans-45115.asp
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