RBI monetary policy review

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    Reserve Bank of India
    Reserve Bank of India

    RBI changes threshold for bulk deposit to Rs 2 crore
    Reserve Bank of India has chosen to alter the definition of bulk deposits in the recent monetary policy review. The threshold for bulk deposit has been revised as single deposits of Rs 2 crore and above.
    The banks are also asked to maintain their bulk deposit card rates in the core banking system for supervisory review. RBI will issue final guidelines regarding this by end of February 2019.

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