Starting October 1, every bank branch; from Mumbai to Madurai; must offer the same FD rate for the same amount on the same day. No more hidden perks for big cities or VIP customers. Transparency is finally being forced into the system. And while retail FD rates won’t jump overnight, the real shift is in how banks communicate; all rates must be clearly posted online. Even bulk deposits get more flexibility, letting banks price smartly without breaking rules. For savers, this means no more guessing games. For banks, it’s about fairness; and a little less chaos. The quietest policy changes often pack the biggest punch.